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2722 E 2Nd St, Los Angeles, CA 90033
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2722 E 2Nd St Los Angeles, CA 90033

$1,100,000
  • 7 Beds
  • 4 Baths
  • 2,608 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified
Map preview of 2722 E 2Nd St, Los Angeles, CA 90033

Property Overview: 2722 E 2Nd St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,608 living square feet and 6,753 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: We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 30
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Home details

Lot Sq. Ft
6,753
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24380526
City
Los Angeles
County
Los Angeles
Time on Site
32 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.35%
  • Gross Rent Multiplier: 11.6
  • Gross Scheduled Income: --
  • Net Operating Income: $69,859
  • Gross Operating Income: $91,956
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2722 E 2Nd St

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Property Details for 2722 E 2Nd St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator, Built-In, Oven, Range, Range Hood
Interior Features
  • Levels: Two
  • Window Features: Bay Window(s)
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: 4
  • Has Parking
  • Parking Features: Driveway, Uncovered
Lot Information
  • Lot Features: Landscaped, Rectangular Lot
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 5180013006
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 2722 E 2Nd St

Last sold for $630,000 on August 25th, 2020

  • April, 2024

  • Apr 15, 2024

    Date

    Active

    CRMLS: 24380526

    $1,200,000

    Price

  • August, 2020

  • Aug 25, 2020

    Date

    Sold

    CRMLS: 20603920

    $630,000

    Price

  • Aug 9, 2020

    Date

    Pending

    CRMLS: 20603920

    $595,000

    Price

  • Jul 22, 2020

    Date

    Active

    CRMLS: 20603920

    $595,000

    Price

  • Listing provided courtesy of CRMLS

    Located in Boyle Heights, 2722 E 2nd Street offers an excellent unit mix. The front house has 3 bedrooms / 2 bathrooms and the rear structure has two (2) 2 bedrooms / 1 bath units. Electricity and gas are separately metered, while water is master-metered. The property has been in the same family for multiple generations. Boyle Heights is an attractive destination for home-owners and renters alike. It is located close to Downtown and is very accessible to public transportation.

  • August, 2020

  • Aug 25, 2020

    Date

    Sold (Public Records)

    Public Records

    $630,000

    Price

  • June, 2020

  • Jun 19, 2020

    Date

    Expired

    CRMLS: 20555574

    $595,000

    Price

  • Mar 31, 2020

    Date

    Withdrawn

    CRMLS: 20555574

    $595,000

    Price

  • Mar 11, 2020

    Date

    Pending

    CRMLS: 20555574

    $595,000

    Price

  • Feb 18, 2020

    Date

    Active

    CRMLS: 20555574

    $595,000

    Price

  • Listing provided courtesy of CRMLS

    Located in Boyle Heights, 2722 E 2nd Street offers an excellent unit mix. The front house has 3 bedrooms / 2 bathrooms and the rear structure has two (2) 2 bedrooms / 1 bath units. Electricity and gas are separately metered, while water is master-metered. The property has been in the same family for multiple generations. Boyle Heights is an attractive destination for home-owners and renters alike. It is located close to Downtown and is very accessible to public transportation.

  • September, 2008

  • Sep 18, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2722 E 2Nd St

Assessed Value (2020): $317,912
Year Land Value Improved Value Assessed Value
2020 $129,520 $188,392 $317,912

Home Value Compared to the Market

This property vs the competition

2722 E 2Nd St is listed 12% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $421.78 per/sqft which puts the price per square foot 45.72% lower than the median price per square foot for the city of Los Angeles.

About 2722 E 2Nd St

Detailed summary of property

2722 E 2Nd St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 7 bedrooms, 4 bathrooms, roughly 2,608 living square feet, and sits on an approximately 6,753 square foot lot. 2722 E 2Nd St was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $1,100,000 and was originally asking $1,200,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12% lower than the median priced home. Local competing homes currently for sale include 548 S Lorena St, 3333 Whittier Blvd and 2530 Ganahl St. While the average home in Los Angeles, CA is selling in 92 days, 2722 E 2Nd St has a days on market of 30 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2722 E 2Nd St 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 2722 E 2Nd St

Public county record property details
Beds
7
Baths
3
Year built
1954
Sq. Ft.
2,608
Lot Size
6,751
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,7
APN
5180-013-006

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
$778,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
Median Sale to List Price %
--
Avg Days on Market
--
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.

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