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2303 Alta St, Los Angeles, CA 90031
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2303 Alta St Los Angeles, CA 90031

$720,000 Sold Price as of 11/15/2022
  • 7 Beds
  • 4 Baths
  • 2,710 Sq.Ft.
Sold
$720,000 Sold Price as of 11/15/2022 Refinance Your Mortgage
Map preview of 2303 Alta St, Los Angeles, CA 90031

Property Overview: 2303 Alta St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,710 living square feet and 8,138 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a three (3) unit multifamily property located at 2303 Alta Street in Los Angeles, California. The subject property is situated in a quiet Lincoln Heights location, on a corner lot south of North Broadway and west of Lincoln Park Avenue. Built in 1953, this property contains a great unit mix of one (1) two bedroom / one bathroom unit, one (1) two bedroom / one bathroom unit with a bonus den, and one (1) three bedroom / two bathroom unit. These units are spread across three (3) detached houses on a very large 8,137 square foot corner lot. The tenants currently pay for all utilities. Residents will enjoy the dominant access from the subject property to the commercial corridor on North Broadway. In this pocket tenants will find restaurants, shopping, and other retail amenities. Some of these amenities include Raspados Nayarit, Kailey's, BurgerIM, and Maracas Cafe and Catering. The property also acts as a transportation hub that provides easy access to Downtown Los Angeles within short driving distance, the -110, -5, and -10 freeways. Given the large lot size, the property also features plenty of on-site parking spaces. Situated in a quiet Lincoln Heights location, this offering presents an excellent opportunity for any investor to capitalize on incredible rental upside in a quiet, lush, and serene pocket of Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 11 minutes ago | Last updated: November 17th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
8,138
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22174075
City
Los Angeles
County
Los Angeles
Time on Site
684 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,020
  • Total Rent: $1,020
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.56%
  • Gross Rent Multiplier: 21.22
  • Gross Scheduled Income: --
  • Net Operating Income: $19,191
  • Gross Operating Income: $34,280
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2303 Alta St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: One
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Uncovered, Gated, Direct Garage Access
Lot Information
  • Lot Features: Lawn, Front Yard
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5208030028
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a quiet Lincoln Heights location, on a corner lot south of North Broadway and west of Lincoln Park Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 2303 Alta St

Last sold for $720,000 on November 15th, 2022

  • November, 2022

  • Nov 15, 2022

    Date

    Sold

    CRMLS: 22174075

    $720,000

    Price

  • Jun 30, 2022

    Date

    Active

    CRMLS: 22174075

    $750,000

    Price

  • January, 1994

  • Jan 12, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2303 Alta St

Assessed Value (2020): $510,806
Year Land Value Improved Value Assessed Value
2020 $494,575 $16,231 $510,806

Home Value Compared to the Market

This property vs the competition

2303 Alta St sold on November 15, 2022 for 36.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $276.75 per/sqft which puts the price per square foot 63.34% lower than the current median sale per square foot for the city of Los Angeles.

About 2303 Alta St

Detailed summary of property

2303 Alta St is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,710 living square feet, and sits on an approximately 8,138 square foot lot. 2303 Alta St was first listed on ArdentRealEstateGroup.com on June 30, 2022. The homeowner sold the property for $720,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 36.97% lower than the current median priced home. Local homes that are currently for sale include 2809 Folsom St, 3149 Fairmount St and 459 Forest Ave. While the average home in Los Angeles, CA is selling in 94 days, 2303 Alta St has a days on market of 13 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2303 Alta St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2303 Alta St

Public county record property details
Beds
6
Baths
3
Year built
1953
Sq. Ft.
2,710
Lot Size
8,137
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5208-030-028

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$865,000
Median List Price/Sq.Ft.
$604
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
36
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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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