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Sold for $1,140,000
  • Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 909-418-2071
    Bought with: Compass
    Tax assessed value
    $1,140,000

    1801 Albion St, Los Angeles, CA 90031

    8beds
    4baths
    3,556sqft
    Multi Family
    Built in 1890
    -- sqft lot
    $1,219,200 Zestimate®
    $321/sqft
    $3,091 Estimated rent

    Home value

    $1,219,200

    $1.09M - $1.37M

    $3,091/mo

    Zestimate® history
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    What's special

    ATTRACTIVE INTEREST-ONLY SELLER FINANCING AVAILABLE. We are proud to present an exceptional opportunity to acquire a well-maintained, 5-unit property located at 1801 Albion Street in the Lincoln Heights area of Los Angeles. This ±3,556 SF building sits on a ±8,309 SF lot and is situated between S Avenue 18 and S Avenue 19 on Albion Street. 1801 Albion Street provides convenient access to Downtown Los Angeles, L.A. Live, USC Health Sciences Campus, Dodger Stadium, FIGat7th, The Bloc and much more. Locally, tenants benefit from their proximity to major freeways (10, 5, 60, 110 and 101) and the Lincoln/Cypress Metro Rail Station, along with a vibrant mix of shopping centers, schools, restaurants, museums, and retailers. Los Angeles, the heart of entertainment, boast a constant demand for quality rentals. The property sits amidst a thriving working class with a steady need for well-maintained housing and easy access to major employers. 1801 Albion Street offers a unique living experience with the added convenience of an on-site retail store, individual driveway parking, porches, backyards, and mature landscaping. Units feature wood plank flooring, new cabinets, wall air conditioning and heating, ceiling fans and vertical blinds.* 1801 Albion Street is a secure long-term investment ideal for any investor seeking a solid return. This opportunity caters to a wide range – first-time purchasers, seasoned investors, and those seeking a 1031 exchange – providing a win-win scenario. *Select Units

    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    Richard Wilkinson, DRE #01812487

    Compass

    Source: CRMLS,MLS#: CV24147159MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,556
    • Total interior livable area: 3,556 sqft

    Property

    Parking
    • Total spaces: 8
    • Uncovered spaces: 8
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: City Lights
    Lot
    • Size: 8,309 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 5447025031
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $321/sqft
    • Tax assessed value: $1,140,000
    • Annual tax amount: $14,268
    • Date on market: 7/17/2024
    • Cumulative days on market: 108 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 82608

    Price history

    DateEventPrice
    8/23/2024Sold$1,140,000-5%$321/sqft
    Source: CRMLS #CV24147159 Report a problem
    8/22/2024Pending sale$1,200,000$337/sqft
    Source: CRMLS #CV24147159 Report a problem
    8/5/2024Contingent$1,200,000$337/sqft
    Source: CRMLS #CV24147159 Report a problem
    7/18/2024Listed for sale$1,200,000+70.2%$337/sqft
    Source: CRMLS #CV24147159 Report a problem
    6/16/2016Sold$705,000$198/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,268 +36.4%$1,140,000 +39.3%
    2024$10,462 +1.9%$818,206 +2%
    2023$10,267 +4.7%$802,164 +2%
    2022$9,804 +1.4%$786,436 +2%
    2021$9,672 -0.9%$771,017 +1%
    2020$9,764 $763,112 +2%
    2019$9,764 +5.7%$748,150 +2%
    2018$9,240 $733,482 +2%
    2017$9,240 +2.2%$719,100 +1595.8%
    2016$9,043 +887.6%$42,404 +1.5%
    2015$916 $41,768
    Find assessor info on the county website

    Neighborhood: Lincoln Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,219,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,219,200