1900 East 1st Street

Los Angeles, CA 90033

$800,000
Last Sold Price
2
Beds
2
Baths
1,899 Sq. Ft.
$421 / Sq. Ft.
1,899
Sq. Ft.
$421
per Sq. Ft.

Description

We are pleased to present this vacant two bedroom house + occupied commercial unit located in the bustling neighborhood of Boyle Heights in East Los Angeles. The property consists of two completely separate buildings. The first building is a 2 bedroom and 1 bathroom freestanding vacant house. The second building is a small music and guitar store that has been at this location for over 15 years. Each unit has its own parking. The two units are separated by a gate and although they are on the same...We are pleased to present this vacant two bedroom house + occupied commercial unit located in the bustling neighborhood of Boyle Heights in East Los Angeles. The property consists of two completely separate buildings. The first building is a 2 bedroom and 1 bathroom freestanding vacant house. The second building is a small music and guitar store that has been at this location for over 15 years. Each unit has its own parking. The two units are separated by a gate and although they are on the same parcel, they feel like two separate properties. MAJOR UPSIDE POTENTIAL- The vacant house is ready to be renovated and either occupied by the new owner or rented for excellent cash flow. SHORT TERM LEASE- The commercial units lease expires on July 10th, 2023, giving added flexibility. The Tenant would like to stay if the Buyer allows. SEPERATE METERS- All utilities are separately metered including electricity, water, and gas- this keeps operating expenses as landlord extremely low.
  1. Listed by Benjamin Gutierrez • DRE #02157302 • Brokerage DRE #01799409 • Apex Properties

Property Details for 1900 East 1st Street

Parking Spaces Total
5
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
1899
Assessor Parcel Number
5174-016-024
Property Attached YN
false

Location

Listing Courtesy of Apex Properties, Benjamin Gutierrez, DRE #02157302

Sold By NONMEMBER MRML, Rene Mexia, DRE #01424387

Add your commute
LISTING UPDATED: 10/14/2022 05:27 AM

Property Details for 1900 East 1st Street

StatusClosed
MLS #DW22129546
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1960
Lot Size0.11 AC / 4,945 SF
CountyLos Angeles County

Location

Listing Courtesy of Apex Properties, Benjamin Gutierrez, DRE #02157302

Sold By NONMEMBER MRML, Rene Mexia, DRE #01424387

Add your commute

Building Information for 1900 East 1st Street

Stories-Residences-Year Built1960Building Size-Lot Size0.11 AC / 4,945 SF

Payment Calculator

$5,239 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,366

Property Taxes

$873

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1900 East 1st Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $53,760
  • Gross Scheduled Income: $53,760
  • Net Operating Income: $40,085
Expense Details
  • Operating Expense: $13,675
  • New Taxes Expense: $9,375
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,500
  • Maintenance Expense: $1,800
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Real Estate Tax Expense: $9,375
  • Total Expenses: $13,675
Tax / Assessment Info
  • Tax Tract Number: 204...
  • CFD/Mello-Roos Fee: $286,130
  • Tax Lot: 5174
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: Built-in Features
  • Laundry: No
  • Laundry Features: None
  • Heating: Fireplace(s)
  • Heat Equipment: Fireplace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Use: Retail
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • 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: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2300
  • Unit Type Area: 1083
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Leased
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,180
  • Unit Type Total Rent: $2,180
  • Unit Type Pro Forma: 2180
  • Unit Type Area: 816
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Vacant
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 1900 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 1900 East 1st Street

Taxable ValueLand$500,000Additions$300,000Total$800,000
Tax Record2023$10,482 ($873 / month)
Home Facts
Total Finished SqFt1,899 SqFtAbove Grade Finished SqFt1,899 SqFtStories1Lot Size4,945 SqFtStyleOffice BuildingYear Built1960ZoningLAC2CountyLOS ANGELESAPN5174-016-024

Schools near 1900 East 1st Street

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

Extera Public Schools
CharterK to 8

Felicitas And Gonzalo Mendez High
Public9 to 12

Theodore Roosevelt Senior High
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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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 Apex Properties, Benjamin Gutierrez, DRE #02157302

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.