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Sold for $1,050,000
  • Listed by: 1Vision Real Estate • Jerry Magdaleno • Contact: 714-474-9105
    Bought with: Vylla Home, Inc.
    Tax assessed value
    $1,050,000

    2705 Darwin Ave, Los Angeles, CA 90031

    12beds
    7baths
    4,555sqft
    Multi Family
    Built in 1906
    -- sqft lot
    $-- Zestimate®
    $231/sqft
    $4,095 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,095/mo

    Zestimate® history
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    What's special

    3 PROPERTIES IN ONE LOT! Step into the heart of Lincoln Heights and discover an exceptional opportunity awaiting you. This remarkable property boasts three distinct buildings: a Single Family Residence, a Four-Plex, and an ADU, each contributing to its unique charm and versatility. The main residence features a spacious layout with 5 bedrooms and 2 bathrooms, while the Four-Plex comprises 3 units offering 1 bedrooms and 1 bathroom, alongside 1 additional units with 2 bedroom and 1 bathroom. The ADU comprises of 2 bedrooms and 1 bath. With such diverse accommodations, this property presents an enticing 4.25% cap rate, providing investors with an immediate avenue for cash flow. Benefiting from recent renovations, including upgraded windows, electrical enhancements with proper permits, plumbing improvements with new water heaters (all permitted), and refreshed water sewer lines, this property ensures both modern comfort and compliance. Additionally, it boasts separate gas/electric meters and 2 water meters for added convenience and efficiency. Perfectly located mere minutes away from USC Medical Campus, Keck Hospital, downtown LA, public transportation hubs, Dodger Stadium, and major freeways, this property offers unparalleled accessibility to key amenities and destinations. Don't miss out on this prime opportunity to acquire a property perfectly poised for both investment and lifestyle in a highly sought-after location.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jerry Magdaleno DRE #01982920 714-474-9105,

    1Vision Real Estate

    Bought with:

    Steven Soylemez, DRE #01254113

    Vylla Home, Inc.

    Source: CRMLS,MLS#: PW24058986MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 7
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,555
    • Total interior livable area: 4,555 sqft

    Property

    Features
    • Entry location: front
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 7,280 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5210010017
    • Zoning: LARD2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1906

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Private

    Community & HOA

    Community
    • Features: Storm Drain(s), Street Lights, Suburban, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $231/sqft
    • Tax assessed value: $1,050,000
    • Annual tax amount: $13,626
    • Date on market: 3/25/2024
    • Cumulative days on market: 161 days
    • Listing terms: Submit
    • Tenant pays: Electricity, Gas, Insurance

    Price history

    DateEventPrice
    11/27/2024Sold$1,050,000-7%$231/sqft
    Source: CRMLS #PW24058986 Report a problem
    9/6/2024Pending sale$1,129,000$248/sqft
    Source: CRMLS #PW24058986 Report a problem
    8/26/2024Price change$1,129,000-5.8%$248/sqft
    Source: CRMLS #PW24058986 Report a problem
    7/10/2024Price change$1,199,000-4%$263/sqft
    Source: CRMLS #PW24058986 Report a problem
    6/12/2024Price change$1,249,000-2%$274/sqft
    Source: CRMLS #PW24058986 Report a problem
    5/2/2024Price change$1,275,000-5.6%$280/sqft
    Source: CRMLS #PW24058986 Report a problem
    3/25/2024Listed for sale$1,350,000+12.5%$296/sqft
    Source: CRMLS #PW24058986 Report a problem
    1/24/2024Sold$1,200,165+757.3%$263/sqft
    Source: Public Record Report a problem
    1/20/2020Listing removed$2,100
    Source: United Capital Realty Report a problem
    12/20/2019Listed for rent$2,100
    Source: United Capital Realty Report a problem
    7/7/1999Sold$140,000+90.5%$31/sqft
    Source: Public Record Report a problem
    6/29/1998Sold$73,500$16/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,626 +7.5%$1,050,000 +8.8%
    2024$12,672 +1.8%$964,847 +2%
    2023$12,442 +4.6%$945,930 +2%
    2022$11,896 +1.4%$927,383 +2%
    2021$11,736 -1%$909,200 +1%
    2020$11,855 $899,878 +6%
    2019$11,855 +9.2%$848,965 +2%
    2018$10,861 $832,320 +2%
    2017$10,861 +2.5%$816,000 +60.2%
    2016$10,592 +54.4%$509,296 +1.5%
    2015$6,859 +0.5%$501,647 +2%
    2014$6,827 $491,822 +0.5%
    2012-- $489,600 +32.2%
    2010-- $370,264 +3.8%
    2007-- $356,734 +2%
    2005-- $349,740 +4%
    2004-- $336,160 +1.9%
    2003-- $330,000 +14.9%
    2002-- $287,150 +4%
    2000-- $276,000
    Find assessor info on the county website

    Neighborhood: Lincoln Heights

    Nearby schools

    GreatSchools rating
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