130 South Clarence Street

Los Angeles, CA 90033

$729,000
Price
4
Beds
2
Baths
1,499 Sq. Ft.
$486 / Sq. Ft.
1,499
Sq. Ft.
$486
per Sq. Ft.

Description

Welcome to 130 - 130 1/2 Clarence St, a well-kept exceptional investment opportunity in the prime neighborhood of Boyle Heights. Zoned RD3, this property is a short walk to the nearest Metro light rail station, and minutes from DTLA and the Arts District. This duplex consists of two separate detached structures with its own private access and yard spaces. The front unit is 2 bedroom (currently used as 3 bedroom) and 1 bathroom. The back unit is 2 bedroom 1 bathroom with an attached basement. Easy...Welcome to 130 - 130 1/2 Clarence St, a well-kept exceptional investment opportunity in the prime neighborhood of Boyle Heights. Zoned RD3, this property is a short walk to the nearest Metro light rail station, and minutes from DTLA and the Arts District. This duplex consists of two separate detached structures with its own private access and yard spaces. The front unit is 2 bedroom (currently used as 3 bedroom) and 1 bathroom. The back unit is 2 bedroom 1 bathroom with an attached basement. Easy access to major Freeways 10, 60, 5, 101. The steady demand for rental properties in the area ensures a consistent stream of income, providing a reliable source of cash flow. Property will be delivered with tenants in place.

Listing Agent

  1. Allison So

    Allison So

    Listing Agent

    Compass

    DRE #02047512

    allison.so@compass.com

    P: 916.993.0801

Property Details for 130 South Clarence Street

Zoning
LARD3
Style
California Bungalow
Parcel Number
5172006042
Total Units
2.0
Living Area
1499
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Allison So, DRE #02047512
Add your commute
LISTING UPDATED: 05/04/2024 12:01 AM

Property Details for 130 South Clarence Street

StatusActive
MLS #24-384885
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.08 AC / 3,498 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Allison So, DRE #02047512
Add your commute

Building Information for 130 South Clarence Street

Stories-Residences-Year Built1923Building Size-Lot Size0.08 AC / 3,498 SF

Payment Calculator

$4,484 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,978

Property Taxes

$506

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 130 South Clarence Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • View: Yes
  • View Description: City
  • View: City Lights
  • Water: Public
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
  • Water District: LADWP
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $44,640
  • Net Operating Income: $31,375.00
  • Gross Income: $44,640
  • Gross Rent Multiplier: $16.00
  • Actual Annual Gross Rent: $44,640.00
  • Owner Pays: Water
  • Total Annual Expense: 13264
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Lot Acreage: 0.0803
  • Lot Size Square Feet: 3498
  • Lot Features: Front Yard
  • Lot Description: Fenced, Front Yard
Parking Details
Parking Details
  • Parking Garage: Public
  • Total Parking: 0
  • Parking Features: Public
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate, Hardwood, Tile
  • Equipment: Gas Dryer Hookup
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Sprinklers: None
  • Patio Features: Porch - Front
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structural Features: Two On A Lot
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-26-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,554.00
  • Unit Actual Rent: $2,554.00
  • Unit Projected Rent: $2,554.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,166.00
  • Unit Actual Rent: $1,166.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Gas Meters: 2
  • Number Leased: 2
  • Number Range: 2
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $85,335.00
  • Assessed Improvement Percent: 17.65
  • Assessed Land Value: $398,237.00
  • Assessed Land Percent: 82.35
  • Assessed Total Value: $483,572.00

Property History for 130 South Clarence Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 130 South Clarence Street

Taxable ValueLand$398,237Additions$85,335Total$483,572
Tax Record2023$6,069 ($506 / month)
Home Facts
Total Finished SqFt1,499 SqFtAbove Grade Finished SqFt1,499 SqFtLot Size3,498 SqFtStyleDuplexYear Built1923ZoningLARD3CountyLOS ANGELESAPN5172-006-042

Schools near 130 South Clarence Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Utah Street Elementary School
PublicK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

Extera Public Schools
CharterK to 8

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.

Similar Homes

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130 South Clarence Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on April 26, 2024 by Compass, it's currently listed at $729,000. It has been on the market for a total of 13 days and was last sold on January 25, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Utah Street Elementary School, Theodore Roosevelt Senior High and Felicitas And Gonzalo Mendez High. 130 South Clarence Street is a 4-bed, 2-bath, 1,499 sqft multi-family home built in 1923.

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 Compass, Allison So, DRE #02047512

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.