2619 Pennsylvania Avenue

Los Angeles, CA 90033

$1,500,000
Last Sold Price
7
Beds
6
Baths
5,110 Sq. Ft.
$294 / Sq. Ft.
5,110
Sq. Ft.
$294
per Sq. Ft.

Description

100% Vacant 6 unit building + 1 Potential ADU. Value add fixer in hot Boyle Heights area just minutes away from DTLA and Arts District. Huge upside to 11% Cap Rate and 7.5 GRM after renovations. Large units with potential to reconfigure the layouts to create additional beds and baths to a more favorable unit mix and maximize rents. Building is only a 6 minute walk to the metro station, and has a walk score of 93 making it convenient for shopping and employment. Individually metered for gas and electricity...100% Vacant 6 unit building + 1 Potential ADU. Value add fixer in hot Boyle Heights area just minutes away from DTLA and Arts District. Huge upside to 11% Cap Rate and 7.5 GRM after renovations. Large units with potential to reconfigure the layouts to create additional beds and baths to a more favorable unit mix and maximize rents. Building is only a 6 minute walk to the metro station, and has a walk score of 93 making it convenient for shopping and employment. Individually metered for gas and electricity and includes 3 garages with alley access and ADU potential. Rent Roll on MLS is projected as building is 100% vacant.
  1. Listed by Hooman Emanuel • DRE #01200237 • Brokerage DRE #01208019 • Keller Williams Studio City

Property Details for 2619 Pennsylvania Avenue

Zoning
LARD1.5
Parcel Number
5180010024
Total Units
7.0
Living Area
5110
Source Living Area
Owner
Area
Boyle Heights (BOYH)
Vacancy Rate
100%
Lot Size Area
5419

Location

Listing Courtesy of Keller Williams Studio City, Hooman Emanuel, DRE #01200237

Sold By Keller Williams Studio City, Hooman Emanuel, DRE #01200237

Add your commute
LISTING UPDATED: 09/13/2021 07:42 AM

Property Details for 2619 Pennsylvania Avenue

StatusSold
MLS #20-663444
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.12 AC / 5,419 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Studio City, Hooman Emanuel, DRE #01200237

Sold By Keller Williams Studio City, Hooman Emanuel, DRE #01200237

Add your commute

Building Information for 2619 Pennsylvania Avenue

Stories-Residences-Year Built1963Building Size-Lot Size0.12 AC / 5,419 SF

Payment Calculator

$9,797 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$1,611

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2619 Pennsylvania Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $218,412
  • Net Operating Income: $175,570.00
  • Gross Income: $218,412
  • Gross Rent Multiplier: $7.90
  • Total Annual Expense: 42842
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1244
  • Lot Size Square Feet: 5419
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 6
  • Parking Features: Garage
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-24-2020
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,735.00
  • Unit Actual Rent: $2,735.00
  • Unit Projected Rent: $2,735.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,263.00
  • Unit Actual Rent: $2,263.00
  • Unit Projected Rent: $2,263.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,263.00
  • Unit Actual Rent: $2,263.00
  • Unit Projected Rent: $2,263.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,735.00
  • Unit Actual Rent: $2,735.00
  • Unit Projected Rent: $2,735.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,735.00
  • Unit Actual Rent: $2,735.00
  • Unit Projected Rent: $2,735.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,735.00
  • Unit Actual Rent: $2,735.00
  • Unit Projected Rent: $2,735.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,263.00
  • Unit Actual Rent: $2,263.00
  • Unit Projected Rent: $2,263.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $91,873.00
  • Assessed Improvement Percent: 82.4
  • Assessed Land Value: $19,617.00
  • Assessed Land Percent: 17.6
  • Assessed Total Value: $111,490.00

Property History for 2619 Pennsylvania Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2619 Pennsylvania Avenue

Taxable ValueLand$1,071,000Additions$459,000Total$1,530,000
Tax Record2023$19,328 ($1,611 / month)
Home Facts
Total Finished SqFt4,598 SqFtAbove Grade Finished SqFt4,598 SqFtLot Size5,419 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLARD1.5CountyLOS ANGELESAPN5180-010-024

Schools near 2619 Pennsylvania Avenue

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
First 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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Listing Courtesy of Keller Williams Studio City, Hooman Emanuel, DRE #01200237

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.