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2250 E 103Rd St, Los Angeles, CA 90002
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2250 E 103Rd St Los Angeles, CA 90002

$715,000 Sold Price as of 04/11/2022
  • 5 Beds
  • 4 Baths
  • 2,074 Sq.Ft.
Sold
$715,000 Sold Price as of 04/11/2022 Refinance Your Mortgage
Map preview of 2250 E 103Rd St, Los Angeles, CA 90002

Property Overview: 2250 E 103Rd St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,074 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 2250 E 103rd Street in Los Angeles, California. This 3-unit property features a newly renovated 4-bedroom & 2-bathroom house, which is ready to be acquired by an owner-user or rented to a tenant (pro-forma $3,250). The rest of the property consists of two freestanding buildings, one being a studio and the other a 1-bedroom & 1-bathroom unit; both currently rented and generating income. This property also features privacy for the main house and plenty of secured parking for all the tenants. The property is located on the corner of E 103rd Street and Kalmia Street, just across the “Redevelopment DBIA Award Winning” Jordan High School and blocks away from Weigand Avenue Elementary School. This property sits in the midst of the “Watts Corridor Masterplan”, a revitalization and redevelopment project called Watts Re:Imagined. Led by Grant Housing & Economic Development Corp and the Natural Resources Defense Council's Urban Solutions program, with other partnerships including local organizations, agencies, and businesses, the project is planning to transform 103rd Street into a community-gathering place with mixed-use buildings, transit-oriented development, sustainable architecture, and plenty of green alleys and shade trees. The offering represents a compelling buying opportunity to acquire a well-maintained property with strong in-place cash flow in an area of Los Angeles that promises a revitalized future.

Listed by Alex Colombo | BRE #01927702 | Lyon Stahl Investment Real Est
Last checked: 7 minutes ago | Last updated: April 12th, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW22020721
City
Los Angeles
County
Los Angeles
Time on Site
961 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $973
  • Total Rent: $973
  • Pro Forma/Market Rent: $1,525
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $61,476
  • Net Operating Income: $42,562
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,070
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,141
  • Water/Sewer: $1,800

Virtual Tour

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Property Details for 2250 E 103Rd St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6066015041
  • Year Built Source: Seller
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: E 103rd St & Kalmia St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 2250 E 103Rd St

Last sold for $715,000 on April 11th, 2022

  • April, 2022

  • Apr 11, 2022

    Date

    Sold

    CRMLS: PW22020721

    $715,000

    Price

  • Feb 2, 2022

    Date

    Active

    CRMLS: PW22020721

    $745,000

    Price

  • February, 2021

  • Feb 27, 2021

    Date

    Expired

    CRMLS: 20668032

    $620,000

    Price

  • Feb 27, 2021

    Date

    Withdrawn

    CRMLS: 20668032

    $620,000

    Price

  • Dec 7, 2020

    Date

    Active

    CRMLS: 20668032

    $620,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own an investment property with 3 SEPARATE UNITS ON A LOT in Los Angeles County with cash flow increase potential. Standalone 4 bed house with 2 additional income units with a lot size of 6,501 SF and plenty of parking space. The 4 bed house sits privately with its own parking/driveway that can easily fit 2 compact cars. The 2 units share its own private driveway/parking that can easily fit 4 compact cars. The property sits in front of David Starr Jordan High School and is minutes away from shopping centers and freeways. All units are detached and have a perfect amount of privacy! This property is a great cash cow for your portfolio with lots of potential for a savvy investor and first time home buyer! Do not let this opportunity pass you by! Please call me today for any questions!

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Tax History for 2250 E 103Rd St

Assessed Value (2020): $369,891
Year Land Value Improved Value Assessed Value
2020 $224,176 $145,715 $369,891

Home Value Compared to the Market

This property vs the competition

2250 E 103Rd St sold on April 11, 2022 for 33.48% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $359.21 per/sqft which puts the price per square foot 50.39% lower than the current median sale per square foot for the city of Los Angeles.

About 2250 E 103Rd St

Detailed summary of property

2250 E 103Rd St is a multi family that recently sold in Los Angeles, CA 90002. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,074 living square feet, and sits on an approximately 6,501 square foot lot. 2250 E 103Rd St was first listed on ArdentRealEstateGroup.com on February 2, 2022. The homeowner sold the property for $715,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 33.48% lower than the current median priced home. Local homes that are currently for sale include 829 E Century Blvd, 919 E 92nd St and 1141 E 84th Pl. While the average home in Los Angeles, CA is selling in 106 days, 2250 E 103Rd St has a days on market of 44 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 2250 E 103Rd St Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2250 E 103Rd St

Public county record property details
Beds
5
Baths
3
Year built
1924
Sq. Ft.
2,074
Lot Size
6,501
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
477,478
APN
6066-015-041

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$580,000
Median List Price/Sq.Ft.
$569
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$514
Total Inventory
42
Median Sale to List Price %
103.45%
Avg Days on Market
13
Loan Type
Conventional (50%), FHA (40%), VA (0%), Cash (10%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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