158 South Clarence Street

Los Angeles, CA 90033

$795,000
Price
4
Beds
3
Baths
1,446 Sq. Ft.
$550 / Sq. Ft.
1,446
Sq. Ft.
$550
per Sq. Ft.

Description

PRICE REDUCED: Prime Duplex in Boyle Heights | Potential to Gross 67K/Yr - This duplex in Boyle Heights offers two updated units on a single lot, making it a strong investment opportunity with income-generating potential. Situated near the Metro Gold Line and just across from Little Tokyo, this property offers a fantastic urban location with easy access to dining, shopping, and public transit. FRONT HOUSE: This spacious 3-bedroom, 2-bathroom home includes a master suite with his-and-hers closets...PRICE REDUCED: Prime Duplex in Boyle Heights | Potential to Gross 67K/Yr - This duplex in Boyle Heights offers two updated units on a single lot, making it a strong investment opportunity with income-generating potential. Situated near the Metro Gold Line and just across from Little Tokyo, this property offers a fantastic urban location with easy access to dining, shopping, and public transit. FRONT HOUSE: This spacious 3-bedroom, 2-bathroom home includes a master suite with his-and-hers closets and a private full bathroom. The newly renovated kitchen features granite countertops, custom cabinetry, a dishwasher, built-in microwave, and freestanding stove/oven. There's also a convenient laundry area with a stackable washer and dryer. The formal dining room includes a faux fireplace and space for a hutch, while the living room boasts vaulted ceilings and ample natural light through multiple windows. The entire home is updated with distressed wood-look laminate flooring, copper plumbing, new electrical and circuit breakers, a forced-air heating unit, new vinyl windows throughout, and a brand-new roof as of August. BACK HOUSE: This remodeled 1-bedroom, 1-bathroom unit offers great potential with minimal deferred maintenance, providing significant upside. This one bedroom can be delivered vacant. The property includes a gated parking pad (access from alley), fitting at least two vehicles. Please note that financials are not verified.
  1. Listed by Sagiv Rosano • DRE #01380809 • Brokerage DRE #01380809 • Rosano Partners

Property Details for 158 South Clarence Street

Zoning
LARD3
Parcel Number
5172006032
Total Units
2.0
Living Area
1446
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
0
Lot Size Area
4373
LISTING UPDATED: 12/17/2024 11:11 AM

Property Details for 158 South Clarence Street

StatusActive Under Contract
MLS #24-461183
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.10 AC / 4,373 SF
CountyLos Angeles County

Building Information for 158 South Clarence Street

Stories1Residences-Year Built1925Building Size-Lot Size0.10 AC / 4,373 SF

Property Information for 158 South Clarence Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $64,800
  • Net Operating Income: $50,187.00
  • Gross Income: $64,800
  • Gross Rent Multiplier: $13.00
  • Total Annual Expense: 13353
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1004
  • Lot Size Square Feet: 4373
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Ceiling Fan
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Hardwood
  • Equipment: Dishwasher, Refrigerator, Washer, Dryer, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,432.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,074.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $169,513.00
  • Assessed Improvement Percent: 25.62
  • Assessed Land Value: $492,139.00
  • Assessed Land Percent: 74.38
  • Assessed Total Value: $661,652.00

Property History for 158 South Clarence 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 158 South Clarence Street

Taxable ValueLand$501,981Additions$172,903Total$674,884
Tax Record2024$8,378 ($698 / month)
Home Facts
Total Finished SqFt1,446 SqFtAbove Grade Finished SqFt1,446 SqFtLot Size4,373 SqFtStyleDuplexYear Built1925ZoningLARD3CountyLOS ANGELESAPN5172-006-032

Schools near 158 South Clarence Street

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

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

Puente Charter School
CharterK to 5

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.

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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rosano Partners, Sagiv Rosano, DRE #01380809

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.