2448 Boulder Street

Los Angeles, CA 90033

$1,388,000
Last Sold Price
16
Beds
8
Baths
6,576 Sq. Ft.
$211 / Sq. Ft.
6,576
Sq. Ft.
$211
per Sq. Ft.

Description

Recent price reduction. Price reduced to account for Soft-Story Retrofit costs. First time on the market in over 25 years, this well maintained and managed 8 unit building is located in a prime Boyle Heights neighborhood. Walking distance all the best that Boyle Heights has to offer on Cesar Chavez Ave., full of shops, restaurants and entertainment venues. All 2 bedroom units, 6 garage spaces and an onsite laundry room for tenant convenience, machines owned by the building. Mostly long term tenants....Recent price reduction. Price reduced to account for Soft-Story Retrofit costs. First time on the market in over 25 years, this well maintained and managed 8 unit building is located in a prime Boyle Heights neighborhood. Walking distance all the best that Boyle Heights has to offer on Cesar Chavez Ave., full of shops, restaurants and entertainment venues. All 2 bedroom units, 6 garage spaces and an onsite laundry room for tenant convenience, machines owned by the building. Mostly long term tenants. Tons of upside in the rents. Great location for affordable/work-force housing, minutes from USC Medical Center. Close to the 10, 5, 710 and 60 Freeways make commuting to Downtown LA and all other areas of Los Angeles quick and easy. This property is subject to the LA City Soft Story Retrofit Ordinance.
  1. Listed by Christopher Marsocci • DRE #01095183 • Brokerage DRE #01095183 • Goldcoast Commercial Group

Property Details for 2448 Boulder Street

Zoning
LAR3
Parcel Number
5177027003
Total Units
8.0
Living Area
6576
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
2%
Lot Size Area
7000

Location

Listing Courtesy of Goldcoast Commercial Group, Christopher Marsocci, DRE #01095183

Sold By Tradewind Realty, Louis Perez, DRE #01218758

Add your commute
LISTING UPDATED: 08/26/2020 02:30 PM

Property Details for 2448 Boulder Street

StatusSold
MLS #20-578226
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.16 AC / 7,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Goldcoast Commercial Group, Christopher Marsocci, DRE #01095183

Sold By Tradewind Realty, Louis Perez, DRE #01218758

Add your commute

Building Information for 2448 Boulder Street

Stories2Residences-Year Built1964Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$9,117 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,575

Property Taxes

$1,542

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2448 Boulder Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Owner May Carry
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $108,415
  • Net Operating Income: $63,728.00
  • Gross Income: $110,628
  • Cap Rate: 4.57%
  • Gross Rent Multiplier: $12.61
  • Total Annual Expense: 44687
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Size Square Feet: 7000
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 7
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2020
  • Listing Terms: Cash, Cash To New Loan, Owner May Carry
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,495.00
  • Unit Actual Rent: $1,495.00
  • Unit Projected Rent: $1,875.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,149.00
  • Unit Actual Rent: $1,149.00
  • Unit Projected Rent: $1,875.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,060.00
  • Unit Actual Rent: $1,060.00
  • Unit Projected Rent: $1,875.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $988.00
  • Unit Actual Rent: $988.00
  • Unit Projected Rent: $1,875.00
  • Like Units: 3
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $956.00
  • Unit Actual Rent: $956.00
  • Unit Projected Rent: $1,875.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $577,019.00
  • Assessed Land Value: $191,802.00

Property History for 2448 Boulder 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 2448 Boulder Street

Taxable ValueLand$520,200Additions$923,875Total$1,444,075
Tax Record2023$18,506 ($1,542 / month)
Home Facts
Total Finished SqFt6,576 SqFtAbove Grade Finished SqFt6,576 SqFtLot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN5177-027-003

Schools near 2448 Boulder 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
Sheridan Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez 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.

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 Goldcoast Commercial Group, Christopher Marsocci, DRE #01095183

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.