$1,050,000 Price Analysis   ♡   Lincoln Heights, CA 90031 7 bed None bath 3,470 SqFt ($302/SqFt) 9,899SqFt lot. Built 1890 Listed 2023-02-16, Taxes $4,394 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
A Nice 4-unit with a large lot Near 10
000 Sf. It's located in the downtown Lincoln Heights area, near Chinatown, close shopping, banks, Bus stop, CVS, Library at the Same Street, walk distance to all conveniences. There are 3 buildings plus ap prox. 600 large storage structures in the rear(permit unknown). The total building size is 3470 Sf. The site address is 2432, 2432 1/2, 2434 and 2436 Workman. The front building has 2184 Sf. has 2 units, 2434 and 2432 1/2, Unit 2434 has 2 bedroms plus den(current use as a 3rd bedroom), 2 baths; Unit 2432 1/2 unit is 1 bedroom, 1 bath. rented $1500. The Seller spent $30, 000 to remodel this unit including new interior paint, new water heater, all new dual windows, new laminated flooring, kitchen with new countertop, new cabinets, tile floor, the full bathroom with new tub, new toilet and new cabinet.
This unit has a high ceiling, bright and airy, good for family living. the 2nd building built in 1904, 544 Sf. 1 bedroom, one bath; the rear unit was built in 1914, 742 Sf., 2 bedrooms, 1 bath, with fenced large well kept back yard. There are 4 electric meters, 4 gas and 4 waste / trash services accounts. Tenants pay their own utilities including trash except water. Seller Note, the property is located at the rent control area. The current rent is a lot below the market, it hasn't been increased for many years and has potential to increase. Ideal for the owner occupant or investment. Buyer is advised to independently verify the accuracy of all information. Please make the offer subject to interior inspection. Please don't walk on the property, Thank you for your cooperation.
Presented by KINNY LIN at
TREELANE REALTY GRP, INC.
Property MLS #WS23027109 from CRMLS
Lot Size Acres: 0.2272498
Lot Size Source: Assessor
Lot Size Square Feet: 9899
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1560.00
Area: 677 - Lincoln Hts
Source Neighborhood: 677 - Lincoln Hts
New Taxes Expense: 4326.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 5204015016
Postal Code Plus 4: 2320
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $72,131 + $248,896 $321,027 | $4,394 |
| 2021 | $70,717 + $244,016 $314,733 | $4,325 |
| 2020 | $69,992 + $241,514 $311,506 | $4,360 |
| 2019 | $68,620 + $236,779 $305,399 | $4,208 |
| 2018 | $67,275 + $232,137 $299,412 | $4,034 |
| 2017 | $65,956 + $227,586 $293,542 | $3,951 |
| 2016 | $64,663 + $223,124 $287,787 | $3,827 |
| 2015 | $63,692 + $219,773 $283,465 | $3,776 |
| 2014 | $62,445 + $215,468 $277,913 | $3,809 |
| 2013 | $62,163 + $214,495 $276,658 | $3,809 |
| 2012 | $60,945 + $210,290 $271,235 | $3,859 |
| 2010 | $59,750 + $206,167 $265,917 | $3,796 |
| 2009 | $59,445 + $205,114 $264,559 | $3,663 |
| 2009 | $59,304 + $204,627 $263,931 | $3,663 |
| 2008 | $58,280 + $201,093 $259,373 | $3,521 |
| 2007 | $57,138 + $197,150 $254,288 | $3,397 |
$0
CRMLS
Listed 2023-02-16
$1,050,000
CRMLS
Listed 2022-06-25
$1,060,000
CRMLS
Listing removed 2021-10-02
$0
CRMLS
Listed 2021-05-04
$998,000
CRMLS
Sold 1987-12-16
$178,000
Public Record
Year Built: 1890
Building Features: 4
Common Walls: No Common Walls
Property Age: 134
Structure Type: Apartment
Year Built Source: Assessor
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.