2722 East 2nd Street

Los Angeles, CA 90033

$1,200,000
Price
7
Beds
4
Baths
2,608 Sq. Ft.
$460 / Sq. Ft.
2,608
Sq. Ft.
$460
per Sq. Ft.

Description

We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site...We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2722 East 2nd Street

Zoning
LAR2
Style
Craftsman
Parcel Number
5180013006
Total Units
3.0
Living Area
2608
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
0

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
Add your commute
LISTING UPDATED: 04/23/2024 12:01 AM

Property Details for 2722 East 2nd Street

StatusActive
MLS #24-380526
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.16 AC / 6,753 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495
Add your commute

Building Information for 2722 East 2nd Street

Stories2Residences-Year Built1954Building Size-Lot Size0.16 AC / 6,753 SF

Payment Calculator

$7,394 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$845

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2722 East 2nd Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Market
  • View: Yes
  • View Description: City
  • View: City Lights
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $91,956
  • Net Operating Income: $68,660.00
  • Gross Income: $94,800
  • Cap Rate: 5.72%
  • Gross Rent Multiplier: $12.66
  • Financial Info as Of: 04/15/2024
  • Vacancy Allow Dollar: $2,844.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 23296
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.155
  • Lot Size Square Feet: 6753
  • Lot Features: Landscaped, Rectangular Lot
  • Lot Description: Landscaped, Lot Shape-Rectangular, Single Lot
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Driveway, Uncovered
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Driveway, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood
  • Equipment: Built-Ins, Stackable W/D Hookup, Range/Oven, Dryer, Washer, Dishwasher, Refrigerator
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled
  • Bathroom Features: Shower Over Tub
  • Cooking Appliances: Built-Ins, Oven, Range, Range Hood
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Patio Features: Balcony
  • Windows: Bay Window
  • New Construction: No
  • Other Structural Features: Balcony, Two On A Lot
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $244,494.00
  • Assessed Improvement Percent: 30.32
  • Assessed Land Value: $561,816.00
  • Assessed Land Percent: 69.68
  • Assessed Total Value: $806,310.00

Property History for 2722 East 2nd 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 2722 East 2nd Street

Taxable ValueLand$561,816Additions$244,494Total$806,310
Tax Record2023$10,134 ($845 / month)
Home Facts
Total Finished SqFt2,608 SqFtAbove Grade Finished SqFt2,608 SqFtLot Size6,751 SqFtStyleTriplexYear Built1954ZoningLAR2CountyLOS ANGELESAPN5180-013-006

Schools near 2722 East 2nd 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
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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Similar Sold Homes

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2722 East 2nd Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on April 15, 2024 by Marcus & Millichap, it's currently listed at $1,200,000. It has been on the market for a total of 19 days and was last sold on August 17, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include First Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 2722 East 2nd Street is a 7-bed, 4-bath, 2,608 sqft multi-family home built in 1954.

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 Marcus & Millichap, Jason Tuvia, DRE #01772495

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.