3207 East 2nd Street

Los Angeles, CA 90063

$549,000
Price
3
Beds
3
Baths
2,125 Sq. Ft.
$258 / Sq. Ft.
2,125
Sq. Ft.
$258
per Sq. Ft.

Description

Boyle Heights Triplex – Exceptional Investment Opportunity. Presenting a remarkable investment opportunity in the heart of Boyle Heights, this well-maintained triplex features 3 spacious one-bedroom, one-bathroom units, each currently rented at rates significantly below market value. This property offers a unique chance for investors seeking to capitalize on the untapped potential of the area while enjoying steady rental income. Nestled in a quiet, residential neighborhood of Boyle Heights, this...Boyle Heights Triplex – Exceptional Investment Opportunity. Presenting a remarkable investment opportunity in the heart of Boyle Heights, this well-maintained triplex features 3 spacious one-bedroom, one-bathroom units, each currently rented at rates significantly below market value. This property offers a unique chance for investors seeking to capitalize on the untapped potential of the area while enjoying steady rental income. Nestled in a quiet, residential neighborhood of Boyle Heights, this triplex is strategically situated to benefit from the ongoing revitalization and growth in the region. The property is conveniently located near major transportation routes, local amenities, and vibrant community features, making it an attractive option for tenants seeking both comfort and accessibility. Each unit boasts a well-designed floor plan that maximizes space and functionality. The one-bedroom layout provides ample living space, a comfortable bedroom, and a full bathroom. The existing rental agreements reflect a long-term commitment from tenants, ensuring immediate cash flow while presenting the opportunity for future rent adjustments. One of the standout features of this triplex is the significant upside potential. With all units currently rented at rates below the market average, there is an immediate opportunity to increase rental income through strategic property management or upgrades. Investors can explore options such as cosmetic improvements or amenities enhancements, which can further elevate the property's value and appeal. The property is located in a serene and well-established neighborhood, providing a peaceful environment for residents. This tranquil setting is a major draw for prospective tenants, contributing to a high demand for rental units in the area. The community is also enriched by local parks, schools, and cultural landmarks, enhancing the overall living experience. Don’t miss your chance to invest in a property that combines immediate income with the promise of future growth. Schedule your private showing today to explore the possibilities this triplex has to offer.
  1. Listed by Alin Glogovicean • DRE #01327641 • Brokerage DRE #01521930 • Redfin Corporation

Property Details for 3207 East 2nd Street

View
None
Parking Spaces Total
2
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2125
LISTING UPDATED: 11/16/2024 05:20 AM

Property Details for 3207 East 2nd Street

StatusActive
MLS #BB24220777
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1909
Lot Size0.11 AC / 4,802 SF
CountyLos Angeles County

Building Information for 3207 East 2nd Street

Stories1Residences-Year Built1909Building Size-Lot Size0.11 AC / 4,802 SF

Property Information for 3207 East 2nd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $16,471
  • Gross Scheduled Income: $21,271
  • Net Operating Income: $16,471
Expense Details
  • Operating Expense: $4,800
  • Insurance Expense: $2,000
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,200
  • Total Expenses: $4,800
Tax / Assessment Info
  • Tax Tract Number: unk...
  • Tax Census Tract: 2041.10
  • CFD/Mello-Roos Fee: $393
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Vented Exhaust Fan
  • Equipment: None, Vented Exhaust Fan
  • Interior Features: Ceramic Counters, Storage, Tile Counters
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Dining Room
  • Fireplace Rooms: Dining
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Wood
Exterior Features
  • Roof: Asphalt
  • Entry Location: front
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Walkstreet
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $884
  • Unit Type Total Rent: $884
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $337
  • Unit Type Total Rent: $337
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $551
  • Unit Type Total Rent: $551
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 3207 East 2nd 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 3207 East 2nd Street

Taxable ValueLand$20,639Additions$20,156Total$40,795
Tax Record2024$883 ($74 / month)
Home Facts
Total Finished SqFt2,125 SqFtAbove Grade Finished SqFt2,125 SqFtLot Size4,800 SqFtStyleTriplexYear Built1909ZoningLAR2CountyLOS ANGELESAPN5179-009-002

Schools near 3207 East 2nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
First Street Elementary School
PublicK to 6

Ramona Opportunity High School
Public7 to 12

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.

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3207 East 2nd Street is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on October 28, 2024 by Redfin Corporation, it's currently listed at $549,000. This listing's school district is Los Angeles Unified School District. Nearby schools include First Street Elementary School, Ramona Opportunity High School and Theodore Roosevelt Senior High. 3207 East 2nd Street is a 3-bed, 3-bath, 2,125 sqft multi-family home built in 1909.

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 Redfin Corporation, Alin Glogovicean, DRE #01327641

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.