1531 North Herbert Avenue

Los Angeles, CA 90063

$305,000
Last Sold Price
Studio
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 1531 North Herbert Avenue

StatusSold
MLS #F12004313
Year Built1920
DOM202
Compass TypeTownhouse
MLS TypeResidential Income
Lot Size0.13 AC / 5,872 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Justin Dae

Keller Williams Encino-Sherman

justindae@gmail.com

P: 818.432.5250

M: 818.929.1906

DRE #01519849

Contact Agent(s)

Property Details for 1531 North Herbert Avenue

Parking Spaces Total
6

Description

KW Commercial is pleased to present this non rent control investment opportunity in the City Terrace neighborhood of East LA. The property was extensively renovated in 2010 with new improvements including new: roof, windows, doors, interiors, appliances, fixtures, copper plumbing, and laminate floors. The electrical system was upgraded as well. The property is comprised of two 2+1 units each with their own laundry hookups. One unit is currently paying $1,200 and the other $1,250. Both units are individually... metered for gas and electricity. The property is situated on a 5,872 SF lot zoned R4 and has 6 parking spaces. The duplex is conveniently located near the 710, 10, and 5 FWYs. It is also minutes away to Cal State LA, USC/LAC Hospital, and a Metrolink station. The seller would consider vacating one of the units for an owner occupied buyer. Buyer to verify all information.

Location

Listing Courtesy of Keller Williams Encino-Sherman, Justin Dae, DRE #01519849

Sold By NON MEMBER - OUT OF AREA, OUT OF AREA MONTE BELLO, DRE #0

Building Information for 1531 North Herbert Avenue

Stories-Residences-Year Built1920Building Size-Lot Size0.13 AC / 5,872 SF

Payment Calculator

$1,097 per month

30 year fixed, 3.51% Interest

Principal and Interest

$1,097

Property Taxes

HOA Dues

$0

Property Information for 1531 North Herbert Avenue

Property Features
    Interior Features
  • Levels: One
  • Total Units: 2.0
    Parking Info
  • Garage Spaces: 0
Property / Structure Info
    Property / Structure Info
  • Parcel Number: 5224023032
  • Property Type: Residential Income
  • Year Built: 1920
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 1240
Community/Development / Location Info
    School/Location Info
  • Status: Closed
  • Zip Code: 90063
  • Street Number Numeric: 1531.0
  • Street Name: Herbert
  • Street Direction Prefix: N
  • Street Suffix: Avenue
  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Boyle Heights (BOYH)
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Lot: 78
  • Tax Tract Number: 6332
  • Tax Year: 2011
  • Zoning: R4
    Income Details
  • Cap Rate: 5.49
  • Gross Income: $2,450
  • Gross Multiplier: 11.87
  • Gross Scheduled Income: $29,400
  • Net Operating Income: $19,156
    Expense Details
  • Electric Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $0
  • New Taxes Expense: $0
  • Operating Expense: $9,363
  • Trash Expense: $0
  • Water Sewer Expense: $0
Unit Information
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Average 2 Bed Area: 620
Rental Info
    Rental Info
  • Rent Controlled: No
Land/Lot Info
    Land/Lot Info
  • Lot Size Acres: .13
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5872
  • Lot Size Units: Square Feet
Listing / Showing Information / Virtual Tour
    Showing Info
  • List Price: 305000.0

Property History for 1531 North Herbert Avenue

DateEvent & SourcePriceAppreciation
Dec 14, 2019Expired

CRMLS #MB18291270

$615,000
Dec 13, 2019Expired

SDMLS #MB18291270

Dec 13, 2018Listed (Active)

SDMLS #MB18291270

$615,000
DateEvent & SourcePrice
12/14/2019
Expired

CRMLS #MB18291270

$615,000
12/13/2019
Expired

SDMLS #MB18291270

12/13/2018
Listed (Active)

SDMLS #MB18291270

$615,000

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

Public Records for 1531 North Herbert Avenue

Taxable ValueLand$343,332Additions$135,252Total$478,584
Tax Record2018$6,470
Home Facts
Beds2Finished Sq.Ft.1,240 SqFtLot Size5,756 SqFtStyleDuplexYear Renovated1920ZoningLCR4*CountyLOS ANGELESAPN5224023032

Schools near 1531 North Herbert Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Harrison Street Elementary SchoolPublicK-60.4 mi
2
Santa Teresita SchoolPrivateK-80.8 mi
NR
Woodrow Wilson Senior High SchoolPublic9-120.8 mi
4
Alliance Marc & Eva Stern Math And ScienceCharter9-120.9 mi
8

Harrison Street Elementary School

K-6, 0.4 mi, Public

2

Santa Teresita School

K-8, 0.8 mi, Private

NR

Woodrow Wilson Senior High School

9-12, 0.8 mi, Public

4

Alliance Marc & Eva Stern Math And Science

9-12, 0.9 mi, Charter

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.

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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Keller Williams Encino-Sherman, Justin Dae, DRE #01519849
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