2250 East 103rd Street

Los Angeles, CA 90002

$715,000
Last Sold Price
5
Beds
4
Baths
2,074 Sq. Ft.
$345 / Sq. Ft.
2,074
Sq. Ft.
$345
per Sq. Ft.

Description

We are pleased to present 2250 E 103rd Street in Los Angeles, California. This 3-unit property features a newly renovated 4-bedroom & 2-bathroom house, which is ready to be acquired by an owner-user or rented to a tenant (pro-forma $3,250). The rest of the property consists of two freestanding buildings, one being a studio and the other a 1-bedroom & 1-bathroom unit; both currently rented and generating income. This property also features privacy for the main house and plenty of secured parking for...We are pleased to present 2250 E 103rd Street in Los Angeles, California. This 3-unit property features a newly renovated 4-bedroom & 2-bathroom house, which is ready to be acquired by an owner-user or rented to a tenant (pro-forma $3,250). The rest of the property consists of two freestanding buildings, one being a studio and the other a 1-bedroom & 1-bathroom unit; both currently rented and generating income. This property also features privacy for the main house and plenty of secured parking for all the tenants. The property is located on the corner of E 103rd Street and Kalmia Street, just across the “Redevelopment DBIA Award Winning” Jordan High School and blocks away from Weigand Avenue Elementary School. This property sits in the midst of the “Watts Corridor Masterplan”, a revitalization and redevelopment project called Watts Re:Imagined. Led by Grant Housing & Economic Development Corp and the Natural Resources Defense Council's Urban Solutions program, with other partnerships including local organizations, agencies, and businesses, the project is planning to transform 103rd Street into a community-gathering place with mixed-use buildings, transit-oriented development, sustainable architecture, and plenty of green alleys and shade trees. The offering represents a compelling buying opportunity to acquire a well-maintained property with strong in-place cash flow in an area of Los Angeles that promises a revitalized future.
  1. Listed by Alex Colombo • DRE #01927702 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est

Property Details for 2250 East 103rd Street

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2074
Assessor Parcel Number
6066-015-041
Property Attached YN
false

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

Sold By RE/MAX Premier Properties, Shih Man, DRE #01779273

Add your commute
LISTING UPDATED: 04/11/2022 10:02 AM

Property Details for 2250 East 103rd Street

StatusClosed
MLS #PW22020721
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.15 AC / 6,501 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

Sold By RE/MAX Premier Properties, Shih Man, DRE #01779273

Add your commute

Virtual Tour

Building Information for 2250 East 103rd Street

Stories-Residences-Year Built1924Building Size-Lot Size0.15 AC / 6,501 SF

Payment Calculator

$4,712 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,902

Property Taxes

$810

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2250 East 103rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $61,476
  • Gross Scheduled Income: $61,476
  • Net Operating Income: $42,562
  • Financing: Conventional
Expense Details
  • Operating Expense: $17,070
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,141
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Total Expenses: $17,070
Tax / Assessment Info
  • Tax Tract Number: 2430
  • Tax Census Tract: 2430.00
  • CFD/Mello-Roos Fee: $936
  • Tax Lot: 478
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $973
  • Unit Type Total Rent: $973
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 2250 East 103rd 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 2250 East 103rd Street

Taxable ValueLand$408,000Additions$321,300Total$729,300
Tax Record2023$9,723 ($810 / month)
Home Facts
Total Finished SqFt2,074 SqFtAbove Grade Finished SqFt2,074 SqFtLot Size6,501 SqFtStyleTriplexYear Built1924ZoningLARD2CountyLOS ANGELESAPN6066-015-041

Schools near 2250 East 103rd Street

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
Charter - 9 to 12
Rating
School
Distance
Weigand Avenue Elementary School
PublicK to 5

Edwin Markham Middle School
Public6 to 8

Jordan High School
Public9 to 12

Animo College Preparatory Academy
Charter9 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.

Similar 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 Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

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.