1526 East 1st Street

Los Angeles, CA 90033

$1,755,000
Last Sold Price
15
Beds
12
Baths
6,265 Sq. Ft.
$280 / Sq. Ft.
6,265
Sq. Ft.
$280
per Sq. Ft.

Description

This VALUE-ADD 6,256 SF 12-Unit Apartment Building adjacent to the Boyle Heights neighborhood of East Los Angeles. It is located on 6,597 SF LA-M1zoned corner lot. The property consists of a total of 12 units & a finished basement. The ground floor has 4 units consisting of (1) 3+1 unit, (1) 2+1units, (1) 1+1 unit & (1) Studio. The second floor consists of (8)studios. The basement is approximately 3,000 SF. All but 4 of the studios on the second floor are VACANT. The subject property has approximately...This VALUE-ADD 6,256 SF 12-Unit Apartment Building adjacent to the Boyle Heights neighborhood of East Los Angeles. It is located on 6,597 SF LA-M1zoned corner lot. The property consists of a total of 12 units & a finished basement. The ground floor has 4 units consisting of (1) 3+1 unit, (1) 2+1units, (1) 1+1 unit & (1) Studio. The second floor consists of (8)studios. The basement is approximately 3,000 SF. All but 4 of the studios on the second floor are VACANT. The subject property has approximately 9 on-site parking spaces in addition to ample street parking. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking for a value-add opportunity in a growing area within walking distance to public transportation, parks, schools and shopping areas.

Property Details for 1526 East 1st Street

Water Front
None
Zoning
LAM1
Cross Streets
1st St. & Gless St.
Parcel Number
5172004022
Total Units
12.0
Living Area
6265
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)

Location

Listing Courtesy of Keller Williams Realty Westside, David Yashar, DRE #01102638; Keller Williams Realty Westside, Omid Saleh, DRE #01980838

Sold By Won Suk Kim Real Estates, Inc., Kyu Hyung Lee, DRE #02088568

Add your commute
LISTING UPDATED: 12/10/2021 03:28 PM

Property Details for 1526 East 1st Street

StatusSold
MLS #21-761506
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.15 AC / 6,597 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Westside, David Yashar, DRE #01102638; Keller Williams Realty Westside, Omid Saleh, DRE #01980838

Sold By Won Suk Kim Real Estates, Inc., Kyu Hyung Lee, DRE #02088568

Add your commute

Building Information for 1526 East 1st Street

Stories2Residences-Year Built1912Building Size-Lot Size0.15 AC / 6,597 SF

Payment Calculator

$11,481 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,578

Property Taxes

$1,903

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1526 East 1st Street

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $180,420
  • Net Operating Income: $122,708.00
  • Gross Income: $186,000
  • Gross Rent Multiplier: $10.10
  • Total Annual Expense: 57713
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1515
  • Lot Size Square Feet: 6597
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 8
  • Parking Features: None
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-15-2021
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $76,923.00
  • Assessed Improvement Percent: 8.24
  • Assessed Land Value: $857,170.00
  • Assessed Land Percent: 91.76
  • Assessed Total Value: $934,093.00

Property History for 1526 East 1st 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 1526 East 1st Street

Taxable ValueLand$1,530,000Additions$263,925Total$1,793,925
Tax Record2023$22,840 ($1,903 / month)
Home Facts
Total Finished SqFt6,265 SqFtAbove Grade Finished SqFt6,265 SqFtLot Size6,597 SqFtStyleMulti-Family Res (5+ Units)Year Built1912ZoningLAM1CountyLOS ANGELESAPN5172-004-022

Schools near 1526 East 1st 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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Similar Sold Homes

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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 Keller Williams Realty Westside, David Yashar, DRE #01102638; Keller Williams Realty Westside, Omid Saleh, DRE #01980838

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.