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2331 Johnston St, Los Angeles, CA 90031
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2331 Johnston St Los Angeles, CA 90031

$1,495,000 Sold Price as of 09/08/2020
  • 11 Beds
  • 8 Baths
  • 5,192 Sq.Ft.
Sold
$1,495,000 Sold Price as of 09/08/2020 Refinance Your Mortgage
Map preview of 2331 Johnston St, Los Angeles, CA 90031

Property Overview: 2331 Johnston St Los Angeles, CA has 11 bedrooms, 8 bathrooms, 5,192 living square feet and 9,916 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Johnston Apartments is a remarkable mixture of apartments units and a single family house, situated on 2 parcels, side-by-side, in the Lincoln Heights area of Los Angeles. The total lot equates to 9,916 square feet, with 5 residential income units. The single family house, 2331 Johnston, was built in 1993, consisting of 1,856 square feet with 3 bedrooms and 3 bathrooms that yields $2,495 income per month. This house is NOT subjected to rent control, since it sits on a separate APN. The 4 unit complex, 2333 Johnston is subject to rent control, and consists of a stand-alone 3 bedroom 1 bathroom structure in front, along with 3 units located in the back that consist of a 3 bedroom 2 bathroom unit on the bottom, and two 1 bedroom 1 bathroom units on top. The fourplex yields $5,894.48 per month and has a total square footage of 3,336 SF.Total annual gross income for both properties is $100,674. Low expenses and easy management make the Johnston Apartments a desirable investment in a neighborhood that's consistently gentrifying, with various shops and eatery spots all across Broadway street.

Listed by Hagop Baboudjian | BRE #01372116 | Baboudjian Properties Inc.
Last checked: 6 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
9,916
HOA Dues
$0/mo
Year built
1993
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
320002182
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 5
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 3
  • Total Rent: $2,495
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 6
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 7
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 1
  • Total Rent: $1,564
Unit Breakdown 8
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 2
  • Total Rent: $1,995
Unit Breakdown 9
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,168
Unit Breakdown 10
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $1,166
Unit Breakdown 11
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 12
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 13
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.02%
  • Gross Rent Multiplier: 14.85
  • Gross Scheduled Income: $100,674
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Vacancy Allowance: $0
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $17,566
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $960
  • Insurance: $2,368
  • Maintenance: $3,000
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $1,650
  • Other Expenses: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2331 Johnston St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
Exterior Features
  • No Pool
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Garage - Single Door
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5204024009
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: Cross Streets: Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 2331 Johnston St

Last sold for $497,500 on September 9th, 2020

  • September, 2020

  • Sep 13, 2020

    Date

    Sold

    CRMLS: 320002182

    $1,495,000

    Price

  • Jul 20, 2020

    Date

    Pending

    CRMLS: 320002182

    $1,495,000

    Price

  • Jul 1, 2020

    Date

    Active

    CRMLS: 320002182

    $1,495,000

    Price

  • September, 2020

  • Sep 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $497,500

    Price

  • March, 2019

  • Mar 13, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2019

  • Feb 19, 2019

    Date

    Canceled

    CRMLS: PW18226186

    $2,200

    Price

  • Feb 19, 2019

    Date

    Hold

    CRMLS: PW18226186

    $2,200

    Price

  • Nov 9, 2018

    Date

    Price Change

    CRMLS: PW18226186

    $2,200

    Price

  • Sep 16, 2018

    Date

    Active

    CRMLS: PW18226186

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Sharp 3 bedroom 2 bath ground level apartment. Master bedroom with it's own bath room, Bathrooms have been upgraded, New paint inside, Laundry area in the unit, gas stove and gas heat, direct garage access ( 2 car attached garage with new roll up door and opener) and more. This apartment is one of only five units on the lot. It is a single family downstairs apartment on a shared lot with 4 other units. Short E Z walk to shops and stores along Broadway. Close to USC medical facilities, Dodger baseball and Downtown LA. (Be to work and a Dodger game in 10 Minutes. Very neat and clean unit with lots of added features. A full application is required. Located in the rear of the complex. Very quiet with patio area. Lots of owner upgrades. Great for a couple or a small family. Great location-You can walk about a half block to area stores, close to USC/LA county General Hospital, Schools, and a lot more. E Z freeway access to the 5, 101, 10 and Pasadena freeways. This one will be hard to beat!

  • September, 2017

  • Sep 6, 2017

    Date

    Leased

    CRMLS: PW17164613

    $2,495

    Price

  • Jul 19, 2017

    Date

    Active

    CRMLS: PW17164613

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    Super sharp 3 bedroom 3 bath home with a lot of added features. This home is in great shape. It is a single family on a shared lot with 4 other units. Short E Z walk to shops on stores along Broadway. Close to USC medical facilities, Dodger baseball and Downtown LA. (Be to work and a Dodger game in 10 Minutes. Very neat and clean home with lots of added features. A full qualifying application is required. Come by for Open House JULY 29 2017 from 3 to 6pm and take a look.

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Tax History for 2331 Johnston St

Assessed Value (2020): $462,283
Year Land Value Improved Value Assessed Value
2020 $269,036 $193,247 $462,283

Home Value Compared to the Market

This property vs the competition

2331 Johnston St sold on September 8, 2020 for 33.48% higher 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 $287.94 per/sqft which puts the price per square foot 60.23% lower than the current median sale per square foot for the city of Los Angeles.

About 2331 Johnston St

Detailed summary of property

2331 Johnston St is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 11 bedrooms, 8 bathrooms, roughly 5,192 living square feet, and sits on an approximately 9,916 square foot lot. 2331 Johnston St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,495,000. 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% higher than the current median priced home. Local homes that are currently for sale include 2022 E 2nd St, 509 S Mathews St and 3313 Folsom St. While the average home in Los Angeles, CA is selling in 106 days, 2331 Johnston St has a days on market of 19 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 2331 Johnston 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 2331 Johnston St

Public county record property details
Beds
3
Baths
3
Year built
1993
Sq. Ft.
1,856
Lot Size
4,958
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5204-024-009

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
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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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