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2302 E 6Th St, Los Angeles, CA 90023
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2302 E 6Th St Los Angeles, CA 90023

$2,375,000 Sold Price as of 05/27/2021
  • 11 Beds
  • 12 Baths
  • 7,180 Sq.Ft.
Sold
$2,375,000 Sold Price as of 05/27/2021 Refinance Your Mortgage
Map preview of 2302 E 6Th St, Los Angeles, CA 90023

Property Overview: 2302 E 6Th St Los Angeles, CA has 11 bedrooms, 12 bathrooms, 7,180 living square feet and 8,222 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Boyle Heights Location with close proximity to School, Parks, Shopping and Restaurants. Walk Score is 86. 5 out of 12 units have been renovated. Soft Story plans are RTI. Potenital to add an ADU. 4.7% cap on actuals with a Proforma over 6%. This one will not last.

Listed by Hooman Emanuel | BRE #01200237 | Keller Williams Studio City
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
8,222
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21714978
City
Los Angeles
County
Los Angeles
Time on Site
1166 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,017
  • Total Rent: $1,017
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,312
  • Total Rent: $14,437
  • Pro Forma/Market Rent: $17,545
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.77
  • Gross Scheduled Income: --
  • Net Operating Income: $112,385
  • Gross Operating Income: $186,044
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2302 E 6Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport, Driveway
Property Information
  • Total # of Units: 12
  • Parcel Number: 5183024019
Location / Neighborhood
Location Information
  • Directions: South of 4th St., West of Soto
View more facts & features

Local Los Angeles Agent

Sale History for 2302 E 6Th St

Last sold for $2,375,000 on May 27th, 2021

  • June, 2021

  • Jun 3, 2021

    Date

    Sold

    CRMLS: 21714978

    $2,375,000

    Price

  • Apr 16, 2021

    Date

    Pending

    CRMLS: 21714978

    $2,375,000

    Price

  • Apr 5, 2021

    Date

    Active

    CRMLS: 21714978

    $2,375,000

    Price

  • July, 2018

  • Jul 19, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,865,000

    Price

  • January, 2018

  • Jan 2, 2018

    Date

    Expired

    CRMLS: 17280814

    $1,950,000

    Price

  • Oct 16, 2017

    Date

    Active

    CRMLS: 17280814

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    Located in prime Boyle Heights, 2302 E. 6th Street is a 12 unit property consisting of 1 single and 11 one-bedroom one-bathroom units. The two-story property was constructed in 1965 and is 7,180 SF. The property has parking and laundry on-site. 2302 E. 6th Street is separately metered for gas and electricity. With current rents in place, there is approximately 25% rental upside.

  • May, 2004

  • May 19, 2004

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 2302 E 6Th St

Assessed Value (2020): $1,902,300
Year Land Value Improved Value Assessed Value
2020 $1,275,000 $627,300 $1,902,300

Home Value Compared to the Market

This property vs the competition

2302 E 6Th St sold on May 27, 2021 for 110.18% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $330.78 per/sqft which puts the price per square foot 56.13% lower than the current median sale per square foot for the city of Los Angeles.

About 2302 E 6Th St

Detailed summary of property

2302 E 6Th St is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 11 bedrooms, 12 bathrooms, roughly 7,180 living square feet, and sits on an approximately 8,222 square foot lot. 2302 E 6Th St was first listed on ArdentRealEstateGroup.com on April 5, 2021. The homeowner sold the property for $2,375,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 110.18% higher than the current median priced home. Local homes that are currently for sale include 5371 Louis Pl, 1801 W 5th St and 907 Glendale Blvd. While the average home in Los Angeles, CA is selling in 97 days, 2302 E 6Th St has a days on market of 10 days. There are currently 3891 homes for sale in the Los Angeles real estate market and 2627 of them are single family homes while 1154 of them are condos and 103 are townhomes. For more information on this home for sale at 2302 E 6Th St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2302 E 6Th St

Public county record property details
Beds
12
Baths
12
Year built
1965
Sq. Ft.
7,180
Lot Size
8,222
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5183-024-019

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$669
Median Sold Price
$630,000
Median Sold Price/Sq.Ft.
$656
Total Inventory
20
Median Sale to List Price %
105.88%
Avg Days on Market
28
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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