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2022 E 2Nd St, Los Angeles, CA 90033
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2022 E 2Nd St Los Angeles, CA 90033

$1,295,000
  • 16 Beds
  • 16 Baths
  • 7,000 Sq.Ft.
For Sale
$1,295,000 Get Pre-Qualified
Map preview of 2022 E 2Nd St, Los Angeles, CA 90033

Property Overview: 2022 E 2Nd St Los Angeles, CA has 16 bedrooms, 16 bathrooms, 7,000 living square feet and 7,425 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: A touch of French architecture in great Boyle Heights location with close proximity to bus line on 4th and Cummings and two light rail locations - Mariachi Plaza and Soto Street. Nearby to Hollenbeck Park which hosts a number of sports and fitness programs, cultural programs, barbecue pits, picnic spots, public bathrooms, and a skate park. Property has alley access to rear parking and is fully gated. There is parking easily for 8 cars on the property (four open spaces and four covered spaces) and more if small cars doubled up. Lots of room for bicycles and motorcycles. Easy access to 10/60/5/110, and 101 Freeways. Each unit is 2 bedroom and 2 bathrooms. Separate gas and electric metering paid by tenants. There is a common laundry room on ground floor. Property is relatively newer for Los Angeles and is clean and well maintained. All units occupied. Below market rents represents large upside potential for a new owner. Property is close to White Memorial Hospital, Little Tokyo, The Arts District, USC Health Campus, DTLA, and many more things the great City of Los Angeles has to offer. Manager resides in the $600/mo unit explaining why that rent is low. Each unit has two bath rooms - one full bath and one half bath. Property has had soft story retrofit completed and signed off by the city. Please don't hesitate to call and ask questions.

Listed by Andrew Loeffler | BRE #01193598 | Re/Max Premier Prop SanMarino
Co-listed by PETER LOEFFLER | BRE #00913919 | RE/MAX PREMIER/SANMARINO
Last checked: 1 minute ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
7,425
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Apartment
Status
Active
MLS#
AR24135453
City
Los Angeles
County
Los Angeles
Time on Site
72 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $964
  • Total Rent: $964
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,013
  • Total Rent: $1,013
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $962
  • Total Rent: $962
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $600
  • Total Rent: $600
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,040
  • Total Rent: $1,040
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.12%
  • Gross Rent Multiplier: 15.23
  • Gross Scheduled Income: $91,548
  • Net Operating Income: $57,557
  • Gross Operating Income: $91,548
Annual Expense Breakdown
  • Total Operating Expense: $32,742
  • Electric: $1,140
  • Gas/Fuel: $2,094
  • New Taxes: $16,188
  • Trash: $0
  • Insurance: $9,000
  • Professional Management: $0
  • Water/Sewer: $4,320

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Property Details for 2022 E 2Nd St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Information
  • Has Fence
  • Good Condition, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: Level with Street, Lot 6500-9999, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5183011024
  • Year Built Source: Assessor
  • Architectural Style: French
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: See Remarks
  • Utilities: See Remarks
Location / Neighborhood
Location Information
  • Directions: From 4th Street, go north on St. Louis Street, and left on 2nd Street to property.
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2022 E 2Nd St

Last sold on April 23rd, 2019

  • July, 2024

  • Jul 8, 2024

    Date

    Active

    CRMLS: AR24135453

    $1,595,000

    Price

  • April, 2019

  • Apr 23, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2022 E 2Nd St

Assessed Value (2020): $196,284
Year Land Value Improved Value Assessed Value
2020 $28,443 $167,841 $196,284

Home Value Compared to the Market

This property vs the competition

2022 E 2Nd St is listed 7.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $185 per/sqft which puts the price per square foot 75.91% lower than the median price per square foot for the city of Los Angeles.

About 2022 E 2Nd St

Detailed summary of property

2022 E 2Nd St is a apartment located in Los Angeles, CA 90033 and is currently for sale. This apartment offers 16 bedrooms, 16 bathrooms, roughly 7,000 living square feet, and sits on an approximately 7,425 square foot lot. 2022 E 2Nd St was first listed on ArdentRealEstateGroup.com on July 9, 2024. The homeowner is currently asking $1,295,000 and was originally asking $1,595,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 7.92% higher than the median priced home. Local competing homes currently for sale include 2819 E 3rd St, 608 N Breed St and 127 N Savannah St. While the average home in Los Angeles, CA is selling in 106 days, 2022 E 2Nd St has a days on market of 64 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2022 E 2Nd St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2022 E 2Nd St

Public county record property details
Beds
16
Baths
16
Year built
1968
Sq. Ft.
7,000
Lot Size
7,425
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4,6
APN
5183-011-024

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Recently Sold Homes Near 2022 E 2Nd St

2012 E 2Nd St, Los Angeles, CA 90033
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2009 E 2nd St, Los Angeles, CA 90033
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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