$1,075,000 Price Analysis   ♡   Los Angeles, CA 90023 9 bed 4 bath 2,592 SqFt ($414/SqFt) 7,531SqFt lot. Built 1965 Listed 2023-10-13, Taxes $9,665 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Amazing 3 UNIT property (Single Family Residence @ 3512)
With a (Duplex @ 3514) in the hot community of Boyle Heights (City of L.A. services). FRONT HOUSE is a 5BR/13/4BA, 2-story Craftsman with 2BR on 1st floor and 3 bedrooms on 2nd floor and built in 1921. Large kitchen w/Quartz countertops and Breakfast Nook, Formal Dining Room, Living Room w/decoratve fireplace mantle (not operational). All refinished hardwood floors on 1st floor. Brand new laminate flooring throughout 2nd floor. Laundry Room w/washer and dryer connections. All Bathrooms have been fully remodeled w/new tub/shower, sinks, flooring and shower glass. 2nd floor Balcony off one of bedrooms, large basement and storage space. 1-Car Detached Garage w/automatic door opener + Carport (2-cars) currently being used as a backyard cover.
Mature avocado tree in open and private fenced yard. Systems: New Electrical, recessed lighting throughtout, new wall heater, copper plumbing and ABS sewer. BACK DUPLEX is 2BR/1BA each and built in 1965 (3514 #1 - 1st floor and 3514 #2 - 2nd floor). Spacious bedrooms, Living Room, Kitchen w/Dining Areas in each. 1st flloor unit has its own Laundry Connections and wrap-around Yard space. Hardwood Floors throughout both units. 2 Pa rking spaces for back duplex. Entry to units is via alley (to the left of front SFR). All units are under City of L.A. RSO. Tenants have received notice of rent increase of 4% starting on Feb. 1, 2024. Property will be delivered with current tenants. Get legal advice as to what your buyer's option are to evict if plan is to occupy. Sellers will not evict, nor give credit for relocation and/or legal costs. Area has had plenty of development recently and good investment for development (Zoned RD1.5)
Presented by JOHN CALVO at
Lighthouse Realty Associates.
Property MLS #P1-15403 from CRMLS
Quartz Counters
Balcony
Copper Plumbing Partial
Ceiling Fan(s)
Recessed Lighting
High Ceilings
Flooring: Laminate, Wood
Appliances YN: Yes
Laundry Features: Inside, Gas Dryer Hookup, Washer Hookup, Individual Room
Heating Features: Wall Furnace, Natural Gas
Heating: Yes
Road Frontage Type: Alley, City Street
Road Surface Type: Paved
Garage Spaces: 1
Parking Features: Parking YN: Yes, Parking Features: Carport, Driveway, Street, Off Street, RV Potential, Garage - Single Door, Garage
Parking Total: 10
Lot Size Acres: 0.172888
Lot Size Source: Public Records
Lot Size Square Feet: 7531
Calculated Total Monthly Association Fees: 0
Bedrooms in Unit-1: 5
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Description: SFR (front) @ 3512 E. 7th St.
Unit-2 Description: Duplex (1st floor) @ 3514 E. 7th St., Unit #1
Unit-3 Description: Duplex (2nd floor) @ 3514 E. 7th St., Unit #2
Tenant Pays: Electricity, Gas
Rent Control: Yes
County: Los Angeles
Cap Rate: 4.20
Source Property Type: Residential Income
Insurance Expense: 1320.00
Area: BOYH - Boyle Heights
Source Neighborhood: BOYH - Boyle Heights
New Taxes Expense: 9666.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 5188014013
Postal Code Plus 4: 2307
Zoning: RD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $284,396 + $500,533 $784,929 | $9,665 |
| 2021 | $259,640 + $481,439 $741,079 | $9,206 |
| 2020 | $256,978 + $476,503 $733,481 | $9,295 |
| 2019 | $251,940 + $467,160 $719,100 | $8,937 |
| 2018 | $45,003 + $20,009 $65,012 | $1,137 |
| 2017 | $44,121 + $19,617 $63,738 | $1,116 |
| 2016 | $43,256 + $19,233 $62,489 | $1,061 |
| 2015 | $42,607 + $18,945 $61,552 | $1,050 |
| 2014 | $41,773 + $18,574 $60,347 | $1,076 |
| 2013 | $41,585 + $18,491 $60,076 | $1,076 |
| 2012 | $40,770 + $18,129 $58,899 | $1,089 |
| 2010 | $39,971 + $17,774 $57,745 | $1,085 |
| 2009 | $39,768 + $17,684 $57,452 | $1,051 |
| 2009 | $39,673 + $17,642 $57,315 | $1,051 |
| 2008 | $38,989 + $17,338 $56,327 | $1,021 |
| 2007 | $38,225 + $16,999 $55,224 | $980 |
$1,075,000
CRMLS
Listed 2023-10-13
$1,080,000
CRMLS
Sold 2018-01-17
$525,000
Public Record
Year Built: 1965
Building Features: 3
Common Walls: No Common Walls
Construction Materials: Stucco, Wood Siding
Direction Faces: Northeast
Entry Location: Front House: Living Room
Foundation Details: Slab, Raised
Property Age: 59
Property Condition: Updated/Remodeled
Roof: Composition, Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Triplex
House Style: Craftsman
Year Built Source: Public Records
Electricity Connected
Sewer Connected
Natural Gas Connected
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.