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2562 Lancaster Ave, Los Angeles, CA 90033
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2562 Lancaster Ave Los Angeles, CA 90033

$630,000 Sold Price as of 06/01/2023
  • 6 Beds
  • 3 Baths
  • 1,496 Sq.Ft.
Sold
$630,000 Sold Price as of 06/01/2023 Refinance Your Mortgage
Map preview of 2562 Lancaster Ave, Los Angeles, CA 90033

Property Overview: 2562 Lancaster Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 1,496 living square feet and 5,773 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: DUPLEX in the PRIME AREA of Boyle Heights. Both units have separate meters for gas, electricity and with their own separate addresses. Property is WALKING DISTANCE to the USC Medical centers, schools and restaurants. It's a short drive to downtown Los Angeles, Cal State L.A., and approximately 5 miles to Dodger stadium. Not to mention easy access to the 10, 60,5 and 101 freeways. Each unit offers two spacious bedrooms, one full bath, an open floor plan, and an inside laundry. One kitchen has been updated and the units have been cared for. This could be a great opportunity to PURCHASE AS AN OWNER OCCUPIED AND RENT OUT ONE UNIT. Tenants currently pay for all the utilities and are current on their rent. The property has a carport for 2 vehicles with room for 3+ additional cars. Make an appointment to see this property today!

Listed by Betty Gonzalez | BRE #01727743 | KELLER WILLIAMS WHITTIER
Last checked: 4 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 154

Home details

Lot Sq. Ft
5,773
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
CV22133276
City
Los Angeles
County
Los Angeles
Time on Site
740 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $22,500
  • Net Operating Income: $22,500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $215
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 2562 Lancaster Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Carport, Covered, Driveway, Concrete, Parking Space, Private, Tandem Uncovered, Uncovered
Lot Information
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: Planned Development
Property Information
  • Has View
  • View: Neighborhood, Peek-A-Boo
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 5202011011
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Entry Level: 2
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
  • Association Amenities: Picnic Area
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please search on google map
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 2562 Lancaster Ave

Last sold for $630,000 on June 1st, 2023

  • June, 2023

  • Jun 1, 2023

    Date

    Sold

    CRMLS: CV22133276

    $630,000

    Price

  • Jun 21, 2022

    Date

    Active

    CRMLS: CV22133276

    $685,000

    Price

Tax History for 2562 Lancaster Ave

Assessed Value (2020): $309,524
Year Land Value Improved Value Assessed Value
2020 $187,325 $122,199 $309,524

Home Value Compared to the Market

This property vs the competition

2562 Lancaster Ave sold on June 1, 2023 for 46.9% lower 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 $401.07 per/sqft which puts the price per square foot 46.81% lower than the current median sale per square foot for the city of Los Angeles.

About 2562 Lancaster Ave

Detailed summary of property

2562 Lancaster Ave is a duplex that recently sold in Los Angeles, CA 90033. This duplex offered 6 bedrooms, 3 bathrooms, roughly 1,496 living square feet, and sits on an approximately 5,773 square foot lot. 2562 Lancaster Ave was first listed on ArdentRealEstateGroup.com on June 21, 2022. The homeowner sold the property for $630,000. 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 46.9% lower than the current median priced home. Local homes that are currently for sale include 5414 E Beverly Blvd, 1117 Amalia Ave and 3217 Morgan Ave. While the average home in Los Angeles, CA is selling in 99 days, 2562 Lancaster Ave has a days on market of 154 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2562 Lancaster 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 2562 Lancaster Ave

Public county record property details
Beds
4
Baths
2
Year built
1971
Sq. Ft.
1,496
Lot Size
5,772
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5202-011-011

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
$685,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$755,000
Median Sold Price/Sq.Ft.
$625
Total Inventory
14
Median Sale to List Price %
108.01%
Avg Days on Market
19
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (20%)

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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