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2850 E 6Th St, Los Angeles, CA 90023
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2850 E 6Th St Los Angeles, CA 90023

$850,000
  • 6 Beds
  • 3.5 Baths
  • 2,893 Sq.Ft.
For Sale
$850,000 Get Pre-Qualified
Map preview of 2850 E 6Th St, Los Angeles, CA 90023

Property Overview: 2850 E 6Th St Los Angeles, CA has 6 bedrooms, 3.5 bathrooms, 2,893 living square feet and 5,314 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: Well-maintained Boyle Heights Duplex with potential for growth, conveniently located just 2.5 miles from Downtown LA! This property comprises two separate houses on one lot, each with its own water, electric, and gas meters. Long-term MTM tenants are currently in place. Both units offer private yards, and with nearly 3,000 sqft of total living space, this property presents excellent value per square foot on a large 5,000 sq ft lot. Each unit includes 3 bedrooms, and rear unit has a 2-car garage. A few minor enhancements could significantly boost cash flow, making this an enticing investment opportunity.

Listed by Christopher Carlson | BRE #02202656 | Marshall Reddick Real Estate
Last checked: 13 minutes ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
5,314
HOA Dues
$0/mo
Year built
1926
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
OC24091636
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,820
  • Total Rent: $1,820
  • Pro Forma/Market Rent: $1,820
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,235
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $36,660
  • Net Operating Income: $28,393
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $12,770
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $2,000
  • Insurance: $2,500
  • Water/Sewer: $0

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Property Details for 2850 E 6Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Information
  • Roof: Asphalt
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5185021025
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From 60 FWY, Exit Lorena and turn left onto E 6th St.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2850 E 6Th St

View property's historical transactions

  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: OC24091636

    $850,000

    Price

  • June, 2018

  • Jun 17, 2018

    Date

    Expired

    CRMLS: 18333568

    $675,000

    Price

  • Apr 18, 2018

    Date

    Active

    CRMLS: 18333568

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    Well cared for family-owned Boyle Heights Duplex with upside potential. Just 2.5 miles from Downtown LA! Two houses on a lot with separate meters for water, electric and gas. Stable investment with long term tenants. 50% upside in current rents. Backhouse built in 1990 w/ no rent control. Property is fully gated and on a corner lot for maximum light and street frontage. Owner just installed a new 40-year asphalt roof. Each unit has its own private yard. Large SQFT at almost 3,000 sqft very good price per squarefoot! With a few small improvements should produce a strong cashflow income.

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Tax History for 2850 E 6Th St

Assessed Value (2020): $260,076
Year Land Value Improved Value Assessed Value
2020 $98,992 $161,084 $260,076

Home Value Compared to the Market

This property vs the competition

2850 E 6Th St is listed 32% 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 $293.81 per/sqft which puts the price per square foot 62.19% lower than the median price per square foot for the city of Los Angeles.

About 2850 E 6Th St

Detailed summary of property

2850 E 6Th St is a duplex located in Los Angeles, CA 90023 and is currently for sale. This duplex offers 6 bedrooms, 3.5 bathrooms, roughly 2,893 living square feet, and sits on an approximately 5,314 square foot lot. 2850 E 6Th St was first listed on ArdentRealEstateGroup.com on May 7, 2024. The homeowner is currently asking $850,000. 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 32% lower than the median priced home. Local competing homes currently for sale include 2103 Michigan Ave, 2831 Boulder St and 3448 Hunter St. While the average home in Los Angeles, CA is selling in 92 days, 2850 E 6Th St has a days on market of 11 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 2850 E 6Th St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2850 E 6Th St

Public county record property details
Beds
5
Baths
3
Year built
1926
Sq. Ft.
2,893
Lot Size
5,313
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18,19
APN
5185-021-025

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
19
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), 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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