638 South Grande Vista Avenue

Los Angeles, CA 90023

$776,000
Last Sold Price
4
Beds
3
Baths
1,724 Sq. Ft.
$450 / Sq. Ft.
1,724
Sq. Ft.
$450
per Sq. Ft.

Description

A nice opportunity in fast-rising Boyle Heights, this freshly renovated duplex delivers one unit vacant and the other bringing in market rent. Its an ideal situation for an owner-user or investor seeking income, with a location near markets and dining just minutes from Downtown LA. The larger (vacant) unit presents a bright open layout, hard surface flooring, recessed lighting, and an updated kitchen finished with white cabinetry, a full-height subway tile backsplash and stainless appliances. Three...A nice opportunity in fast-rising Boyle Heights, this freshly renovated duplex delivers one unit vacant and the other bringing in market rent. Its an ideal situation for an owner-user or investor seeking income, with a location near markets and dining just minutes from Downtown LA. The larger (vacant) unit presents a bright open layout, hard surface flooring, recessed lighting, and an updated kitchen finished with white cabinetry, a full-height subway tile backsplash and stainless appliances. Three bedrooms provide everything one could need for work-life balance, including laundry and air conditioning. Outside find a private fenced-in deck and grassy yard, a sweet spot to relax under the sun and stars. The one-bedroom unit has been remodeled with similar finishes, and is currently occupied. Supermarkets and dining/takeout options are nearby on Whittier Boulevard, and the happening Downtown Arts District is within easy reach. The Gold Line Metro station is just a few blocks away.
  1. Listed by Tracy B Do • DRE #01350025 • Brokerage DRE #00625769 • Compass
  2. Listed by Melinda Rae • DRE #02011155 • Brokerage DRE #00625769 • Compass

Property Details for 638 South Grande Vista Avenue

Zoning
LAR2
Parcel Number
5186017031
Total Units
2.0
Living Area
1724
Source Living Area
Taped
Area
Boyle Heights (BOYH)
Vacancy Rate
50%
Lot Size Area
7501

Location

Listing Courtesy of Compass, Tracy B Do, DRE #01350025; Compass, Melinda Rae, DRE #02011155

Sold By Ambiance Realty, Kyle Draper, DRE #01920958

Add your commute
LISTING UPDATED: 08/18/2020 06:45 PM

Property Details for 638 South Grande Vista Avenue

StatusSold
MLS #20-599072
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.17 AC / 7,501 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Tracy B Do, DRE #01350025; Compass, Melinda Rae, DRE #02011155

Sold By Ambiance Realty, Kyle Draper, DRE #01920958

Add your commute

Building Information for 638 South Grande Vista Avenue

Stories-Residences-Year Built1921Building Size-Lot Size0.17 AC / 7,501 SF

Payment Calculator

$5,065 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,235

Property Taxes

$830

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 638 South Grande Vista Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Water Heaters: Yes
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: $56,454
  • Net Operating Income: $47,854.00
  • Gross Income: $58,200
  • Gross Rent Multiplier: $11.15
  • Vacancy Allow Dollar: $1,746.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 8600
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7501
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Side By Side
  • Total Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: Side by Side
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-10-2020
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $144,351.00
  • Assessed Improvement Percent: 39.01
  • Assessed Land Value: $225,724.00
  • Assessed Land Percent: 60.99
  • Assessed Total Value: $370,075.00

Property History for 638 South Grande Vista 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 638 South Grande Vista Avenue

Taxable ValueLand$495,230Additions$312,120Total$807,350
Tax Record2023$9,963 ($830 / month)
Home Facts
Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtLot Size7,501 SqFtStyleDuplexYear Built1921ZoningLAR2CountyLOS ANGELESAPN5186-017-031

Schools near 638 South Grande Vista Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Euclid Avenue Elementary School
PublicK to 5

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 Compass, Tracy B Do, DRE #01350025; Compass, Melinda Rae, DRE #02011155

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.