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2831 Boulder St, Los Angeles, CA 90033
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2831 Boulder St Los Angeles, CA 90033

$899,000
  • 5 Beds
  • 4 Baths
  • 1,820 Sq.Ft.
For Sale
$899,000 Get Pre-Qualified
Map preview of 2831 Boulder St, Los Angeles, CA 90033

Property Overview: 2831 Boulder St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 1,820 living square feet and 5,845 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: This great investment opportunity boasts a front house consisting of one 2 bed/2 bath unit and one nonconforming 1 bed/1 bath back unit plus an additional 2 bed/1 bath back house with its own yard. Rare opportunity with both front house and middle unit delivered vacant. Back house is currently occupied, collecting $2500/mo in rent, at the upper end of the area's current market rate for a 2 bed/1bath home. Situated in a convenient, central location close to restaurants, venues, and easy freeway access in one of LA's most up-and-coming neighborhoods.

Listed by Justin Borges | BRE #01940318 | Keller Williams Downtown LA
Last checked: 6 minutes ago | Last updated: April 28th, 2024 | Source CRMLS | DOM: 19
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Home details

Lot Sq. Ft
5,845
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24375931
City
Los Angeles
County
Los Angeles
Time on Site
28 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2831 Boulder St

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Property Details for 2831 Boulder St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included
Kitchen Information
  • Has Appliances
  • Barbecue
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5178010029
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Between Evergreen Ave and North Forest Ave
View more facts & features

Local Los Angeles Agent

Sale History for 2831 Boulder St

View property's historical transactions

  • April, 2024

  • Apr 3, 2024

    Date

    Active

    CRMLS: 24375931

    $899,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23278723

    $1,025,000

    Price

  • Jun 30, 2023

    Date

    Active

    CRMLS: 23278723

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    1 UNIT VACANT - 2831 Boulder street is an amazing investment opportunity located in Boyle Heights. The property is conveniently located near major retailers, bars, shopping centers, restaurants and near major entertainment venues such as Los Angeles Arts District, Crypto Arena, Walt Disney Music Hall and many more. The building is terrifically maintained and is perfectly suited for an investor who wants passive income with the option to choose their own tenants or for an Owner/User to move into one unit and have the other units pay most of the mortgage. The property set up is comprised of 2 buildings, 1 SFR house up front 2 Beds/2Bath (VACANT), attached is a nonconforming 1 Bed/1Bath and a second building with a 2 Bed/1Bath unit in the back with its own backyard. This offering presents an investor the opportunity to acquire a strong cap rate of 6.4% and 12.07 GRM. Given the property's central location and vacant unit gives significant value add components to 2831 Boulder Street for an Owner to occupy the front unit while having the other 2 pay for most of the mortgage and provide healthy returns and appreciation over the long term. Can show Vacant unit with Appointment.

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Tax History for 2831 Boulder St

Assessed Value (2020): $174,546
Year Land Value Improved Value Assessed Value
2020 $92,103 $82,443 $174,546

Home Value Compared to the Market

This property vs the competition

2831 Boulder St is listed 26.61% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $493.96 per/sqft which puts the price per square foot 36.18% lower than the median price per square foot for the city of Los Angeles.

About 2831 Boulder St

Detailed summary of property

2831 Boulder St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 5 bedrooms, 4 bathrooms, roughly 1,820 living square feet, and sits on an approximately 5,845 square foot lot. 2831 Boulder St was first listed on ArdentRealEstateGroup.com on April 3, 2024. The homeowner is currently asking $899,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 26.61% lower than the median priced home. Local competing homes currently for sale include 574 N St Louis St, 2111 Marengo St and 3045 E 5th St. While the average home in Los Angeles, CA is selling in 96 days, 2831 Boulder St has a days on market of 19 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2831 Boulder 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 2831 Boulder St

Public county record property details
Beds
4
Baths
2
Year built
1927
Sq. Ft.
1,820
Lot Size
5,843
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5178-010-029

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
$699,000
Median List Price/Sq.Ft.
$536
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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