2518 Pomeroy Ave, Los Angeles, CA 90033
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2518 Pomeroy Ave Los Angeles, CA 90033

$1,379,500
  • 56 Beds
  • 49 Baths
  • 6,425 Sq.Ft.
For Sale
$1,379,500 Get Pre-Qualified

Map preview of 2518 Pomeroy Ave, Los Angeles, CA 90033

Property Overview: 2518 Pomeroy Ave Los Angeles, CA has 56 bedrooms, 49 bathrooms, 6,425 living square feet and 7,137 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: Great investment property in gentrifying Boyle Heights. These two separate buildings of 7 units that consist of (4) 1 bedroom/1 bath, (2) 2 bedrooms/1 bath and (1) studio with kitchen. The 1 bedroom unit over the 5 garages in the back of the building has private backyard. The two bedroom upstairs units have high ceilings, measure about 850 sq.ft. and have back patios with views of the DTLA skyline. Two of the bottom units are spacious and with high ceilings also. Some of the units have washer/dryer hook-ups. All units have private water heaters.This property has easy access to the #10, 5 and 710 freeways. The location is perfect to DTLA,LAC&USC medical centers, CSULA, East Los Angeles, Occupational Center, Art District,Chinatown,Little Tokyo,Dodger Stadium, Monterey Park Golf and Alhambra. Nearby are elementary schools, store, gas station, bus transportation, Metro, Starbucks and an electric circuit charging station. 6.6% CAP RATE, annual rents $112,596 **PLEASE DON'T WALK ON THE PROPERTY AND DON'T DISTURB THE TENANTS. Submit all offers subject to interior inspection. Some tenants are long term for about 25 years. Property sold as is, NO repairs.

Listed by CARLOS CESPEDES | BRE #00952892 | RELIABLE REALTY SERVS.
Last checked: 12 minutes ago | Last updated: July 2nd, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
7,137
HOA Dues
$0/mo
Year built
1928
Garage
5 Car
Property Type:
Multi Family
Status
Active
MLS#
WS24135437
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 8
  • # of Baths: 7
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $114,328
  • Total Rent: $114,328
  • Pro Forma/Market Rent: $1,440,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.1%
  • Gross Rent Multiplier: 13.13
  • Gross Scheduled Income: $114,324
  • Net Operating Income: $102,131
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • # of Rented Garages: 1
  • Garage Rental Rate: $250
  • Garage Rental Income: $3,000
Annual Expense Breakdown
  • Total Operating Expense: $8,500
  • Licenses: $185
  • New Taxes: $21,100
  • Trash: $5,340
  • Gardener: $720
  • Insurance: $4,670
  • Maintenance: $2,950
  • Professional Management: $0
  • Water/Sewer: $4,050

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Property Details for 2518 Pomeroy Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, Gas & Electric Dryer Hookup, Inside, See Remarks, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Interior Features
  • Balcony, Copper Plumbing Partial, Granite Counters
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Security Lights, Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Co-Ownership
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 5177008014
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: 3 stoves, 3 refrigerators, 1 microwave, 1 washer/1 dryer, 2 fire extinguishers.
  • Property Condition: Fixer, Termite Clearance
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Soto and Marengo
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 2518 Pomeroy Ave

Last sold on March 3rd, 1998
  • July, 2024

  • Jul 2, 2024

    Date

    Active

    CRMLS: WS24135437

    $1,379,500

    Price

  • October, 2023

  • Oct 16, 2023

    Date

    Expired

    CRMLS: WS23077486

    $1,465,500

    Price

  • Jun 15, 2023

    Date

    Active

    CRMLS: WS23077486

    $1,568,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 1998

  • Mar 3, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1994

  • Apr 25, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2518 Pomeroy Ave

Assessed Value (2020): $297,272
Year Land Value Improved Value Assessed Value
2020 $109,132 $188,140 $297,272

Home Value Compared to the Market

This property vs the competition

2518 Pomeroy Ave is listed 14.96% 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 $773 and this home is listed at $214.71 per/sqft which puts the price per square foot 72.22% lower than the median price per square foot for the city of Los Angeles.

About 2518 Pomeroy Ave

Detailed summary of property

2518 Pomeroy Ave is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 56 bedrooms, 49 bathrooms, roughly 6,425 living square feet, and sits on an approximately 7,137 square foot lot. 2518 Pomeroy Ave was first listed on ArdentRealEstateGroup.com on July 2, 2024. The homeowner is currently asking $1,379,500. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 14.96% higher than the median priced home. Local competing homes currently for sale include 505 S Chicago St, 2221 Griffin Ave and 5150 Ithaca Ave. While the average home in Los Angeles, CA is selling in 101 days, 2518 Pomeroy Ave has a days on market of 15 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 2518 Pomeroy Ave 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 2518 Pomeroy Ave

Public county record property details
Beds
7
Baths
7
Year built
1928
Sq. Ft.
6,425
Lot Size
7,136
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5177-008-014

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
$700,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$995,000
Median Sold Price/Sq.Ft.
$407
Total Inventory
13
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (0%), 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.