2472 North Eastern Avenue

Los Angeles, CA 90032

$1,998,000
Price
15
Beds
7
Baths
6,570 Sq. Ft.
$304 / Sq. Ft.
6,570
Sq. Ft.
$304
per Sq. Ft.

Description

Situated in the heart of El Sereno, this property benefits from its proximity to major transportation routes, shopping centers, schools, and recreational facilities. Residents enjoy easy access to all the amenities the city has to offer. This investment opportunity comprises seven units spread across two separate buildings. The majority of these units are single-story, consisting of one large 3-bedroom and 1-bathroom unit, along with six spacious 2-bedroom and 1-bathroom units, averaging 938 square...Situated in the heart of El Sereno, this property benefits from its proximity to major transportation routes, shopping centers, schools, and recreational facilities. Residents enjoy easy access to all the amenities the city has to offer. This investment opportunity comprises seven units spread across two separate buildings. The majority of these units are single-story, consisting of one large 3-bedroom and 1-bathroom unit, along with six spacious 2-bedroom and 1-bathroom units, averaging 938 square feet per unit. Nestled on a sprawling lot of 20,000+ square feet, tenants also enjoy individual garage parking as well as onsite parking. Rents are are substantially below market providing a value add opportunity for an astute investor operator.
  1. Listed by Ken Lau • DRE #01708249 • Brokerage DRE #02226445 • HAUS OF REAL ESTATE

Property Details for 2472 North Eastern Avenue

Architectural Style
Cottage
Parking Spaces Total
14
Private Pool
No
Cooling Type
Wall/Window
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6570

Location

Listing Courtesy of HAUS OF REAL ESTATE, Ken Lau, DRE #01708249
Add your commute
LISTING UPDATED: 05/25/2024 01:53 PM

Property Details for 2472 North Eastern Avenue

StatusActive
MLS #CV24097715
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
CountyLos Angeles County

Location

Listing Courtesy of HAUS OF REAL ESTATE, Ken Lau, DRE #01708249
Add your commute

Building Information for 2472 North Eastern Avenue

Building/Complex2472 N Eastern AveFloor-Stories1Residences-Pet Policy-Year Built1949Building Size-

Payment Calculator

$12,898 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,904

Property Taxes

$1,994

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2472 North Eastern Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $121,296
  • Gross Scheduled Income: $121,296
  • Vacancy Allowance: 3639
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $117,657
  • Net Operating Income: $75,640
  • Gross Multiplier: 16.98
  • Cap Rate: 3.79
  • Current Financing: Private
Expense Details
  • Operating Expense: $42,017
  • Operating Expense Percent: 35.70%
  • New Taxes Expense: $26,618
  • Insurance Expense: $3,000
  • Maintenance Expense: $4,200
  • Maintenance Percent: 3.60%
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $10,886
  • Total Expenses: $44,705
Tax / Assessment Info
  • Tax Tract Number: 5132
  • Tax Census Tract: 2016.01
  • CFD/Mello-Roos Fee: $1,909
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Exterior: Stucco, Wood
  • Roof: Shingle
  • Entry Location: Street
  • Foundation Details: Concrete Perimeter
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Landscaped, Lot 20000-39999 Sqft, Paved, Up Slope from Street
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
  • Parking Features: Paved, Driveway Up Slope From Street, Garage, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,441
  • Unit Type Total Rent: $1,441
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,866
  • Unit Type Total Rent: $1,866
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,533
  • Unit Type Total Rent: $1,533
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,474
  • Unit Type Total Rent: $1,474
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,301
  • Unit Type Total Rent: $1,301
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,253
  • Unit Type Total Rent: $1,253
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,240
  • Unit Type Total Rent: $1,240
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 7
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 0

Property History for 2472 North Eastern Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2472 North Eastern Avenue

Taxable ValueLand$1,479,000Additions$357,000Total$1,836,000
Tax Record2023$23,930 ($1,994 / month)
Home Facts
Total Finished SqFt6,570 SqFtAbove Grade Finished SqFt6,570 SqFtLot Size20,070 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLARD5CountyLOS ANGELESAPN5216-008-032

Schools near 2472 North Eastern Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Farmdale Elementary School
PublicK to 5

El Sereno Middle School
Public6 to 8

Abraham Lincoln Senior High School
Public9 to 12

Woodrow Wilson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2472 North Eastern Avenue is a multi-family home for sale in Los Angeles, CA 90032. This property was listed for sale on April 16, 2024 by HAUS OF REAL ESTATE, it's currently listed at $1,998,000. It has been on the market for a total of 17 days and was last sold on April 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Farmdale Elementary School, El Sereno Middle School and Abraham Lincoln Senior High School. 2472 North Eastern Avenue is a 15-bed, 7-bath, 6,570 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HAUS OF REAL ESTATE, Ken Lau, DRE #01708249

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.