Discover this fantastic investment opportunity with two detached units in a prime rental neighborhood of Los Angeles. The front unit offers a cozy 2 bedrooms and 1 bathroom, while the back unit provides a comfortable 1 bedroom and 1 bathroom. Tenants benefit from ample parking and convenient laundry hookups. Tenants cover their own electricity and gas, & water. Despite excellent property management by the owner, rental rates have remained conservative, presenting the next owner with incredible potential for increased income. Perfectly located just minutes from transportation, freeways, restaurants, shopping, and much more
Sold for $740,000
Listed by: Realty Executives Com. & Res. • Jerry Mercado • Contact: 626-205-8539
Bought with: Century 21 LOTUS
Tax assessed value
$740,000
623 S McDonnell Ave, East Los Angeles, CA 90022
3beds
2baths
1,576sqft
Duplex
Built in 1927
-- sqft lot
$778,200 Zestimate®
$470/sqft
$3,142 Estimated rent
Home value
$778,200
$724,000 - $833,000
$3,142/mo
Zestimate® history
Owner options
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$3,142/mo
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$3,142/mo
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$4,697/mo
Est. payment
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$4,697/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jerry Mercado DRE #02112259 626-205-8539,
Realty Executives Com. & Res.
Bought with:
Fulvia Garcia, DRE #01837612
Century 21 LOTUS
Source: CRMLS,MLS#: DW24121394
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,576
- Total interior livable area: 1,576 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 6,796 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5247015030
- Zoning: LCR2YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: East Los Angeles
Financial & listing details
- Price per square foot: $470/sqft
- Tax assessed value: $740,000
- Annual tax amount: $10,170
- Date on market: 6/15/2024
- Cumulative days on market: 6 days
- Listing terms: Conventional,1031 Exchange,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2024 | Sold | $740,000+2.1%$470/sqft |
Source:  CRMLS #DW24121394 Report a problem | ||
| 7/23/2024 | Pending sale | $724,999$460/sqft |
Source: CRMLS #DW24121394 Report a problem | ||
| 7/1/2024 | Contingent | $724,999$460/sqft |
Source: CRMLS #DW24121394 Report a problem | ||
| 6/15/2024 | Listed for sale | $724,999+222.2%$460/sqft |
Source: CRMLS #DW24121394 Report a problem | ||
| 7/16/2010 | Sold | $225,000-40.4%$143/sqft |
Source: Public Record Report a problem | ||
| 12/15/2009 | Sold | $377,483-9%$240/sqft |
Source: Public Record Report a problem | ||
| 7/2/2007 | Sold | $415,000$263/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,170 +117.3% | $740,000 +161.9% |
| 2024 | $4,680 +5.4% | $282,601 +2% |
| 2023 | $4,439 +4.3% | $277,060 +2% |
| 2022 | $4,257 +1.2% | $271,629 +2% |
| 2021 | $4,205 -0.6% | $266,304 +1% |
| 2020 | $4,230 | $263,574 +2% |
| 2019 | $4,230 +6.8% | $258,407 +2% |
| 2018 | $3,962 | $253,342 +2% |
| 2017 | $3,962 +1.9% | $248,376 +2% |
| 2016 | $3,890 +2.4% | $243,507 +1.5% |
| 2015 | $3,798 +1.3% | $239,850 +2% |
| 2014 | $3,750 | $235,152 -36.8% |
| 2010 | -- | $372,000 +37.3% |
| 2009 | -- | $271,000 -25.4% |
| 2007 | -- | $363,220 +2% |
| 2006 | -- | $356,099 +740.1% |
| 2004 | -- | $42,387 +1.9% |
| 2003 | -- | $41,611 +2% |
| 2002 | -- | $40,796 +4% |
| 2000 | -- | $39,214 |
Find assessor info on the county website
Neighborhood: 90022
Nearby homes
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Nearby schools
GreatSchools rating
- 7/10Humphreys Avenue Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10David Wark Griffith Middle SchoolGrades: 6-8Distance: 0.4 mi
- 5/10James A. Garfield Senior High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$778,200
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
$778,200
- California
- Los Angeles County
- East Los Angeles
- 90022
- 623 S McDonnell Ave
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