Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property. Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area. Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units. Each building has its owner separate washer and dryer in a common area. The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.
Property Details
Property Features
Property Information:
Year Built: 1990
Stories: 2
Listing Office:
Office Name: Benjamin Frank Venti Realty
Office Phone: (949) 280-5931
Listing Agent: Peter Vallier
Interior Features
Interior Information:
Appliances: Convection Oven, Dishwasher, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
Interior: Multiple Staircases
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: None
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Utilities
Utilities Information:
Heating: Propane
Cooling: Central Air
School Info
Assigned Schools Information:
James A. Garfield Senior High School, Public Magnet Grades 9-12
East Los Angeles Performing Arts Academy at Esteban E. Torres High School, Public District Grades 9-12
Social Justice Leadership Academy at Esteban E. Torres High School, Public District Grades 9-12
Robert Louis Stevenson Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Eastman Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: Located off Whittier blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Tax Information:
Annual Amount: $8,528
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.5M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24051871
Listing Office:
Office Name: Benjamin Frank Venti Realty
Office Phone: (949) 280-5931
Listing Agent: Peter Vallier
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 1:20:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,528
$398,271
2020
$8,334
$394,188
2019
$8,106
$386,460
2018
$7,933
$378,883
2017
$7,933
$371,455
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Eastman Avenue Elementary School
4112 E Olympic Blvd
Distance between this listing and this school0.36 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.28 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school22.16 miles
Public Magnet Grades KG-5
Middle School
3
/10
Robert Louis Stevenson Middle School
725 S Indiana St
Distance between this listing and this school0.69 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.49 miles
Public District Grades 6-8
High School
6
/10
James A. Garfield Senior High School
5101 E 6th St
Distance between this listing and this school1.41 miles
Public Magnet Grades 9-12
2
/10
East Los Angeles Performing Arts Academy at Esteban E. Torres High School
4211 Dozier St
Distance between this listing and this school1.42 miles
Public District Grades 9-12
3
/10
Social Justice Leadership Academy at Esteban E. Torres High School
4211 Dozier St
Distance between this listing and this school1.42 miles
Public District Grades 9-12
Assigned Schools
3
/10
Eastman Avenue Elementary School
4112 E Olympic Blvd
Distance between this listing and this school0.36 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school10.28 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school22.16 miles
Public Magnet Grades KG-5
Assigned Schools
3
/10
Robert Louis Stevenson Middle School
725 S Indiana St
Distance between this listing and this school0.69 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.49 miles
Public District Grades 6-8
Nearby Schools
5
/10
Belvedere Middle School
312 N Record Ave
Distance between this listing and this school1.19 miles
Public Magnet Grades 6-8
Assigned Schools
6
/10
James A. Garfield Senior High School
5101 E 6th St
Distance between this listing and this school1.41 miles
Public Magnet Grades 9-12
2
/10
East Los Angeles Performing Arts Academy at Esteban E. Torres High School
4211 Dozier St
Distance between this listing and this school1.42 miles
Public District Grades 9-12
3
/10
Social Justice Leadership Academy at Esteban E. Torres High School
4211 Dozier St
Distance between this listing and this school1.42 miles
The neighbors living near this home have an average income of $36,552. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1006 S Record Ave
What is the listing price of this property?
The listing price of 1006 S Record Ave property is $3,500,000.
What type of property is this?
The property 1006 S Record Ave is a condo located in Los Angeles, California, 90023.
Is this property for sale now?
Active Listing: 1006 S Record Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1006 S Record Ave are: Eastman Avenue Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Robert Louis Stevenson Middle School: GreatSchools Rating 3/10Studio: GreatSchools Rating 4/10James A. Garfield Senior High School: GreatSchools Rating 6/10East Los Angeles Performing Arts Academy at Esteban E. Torres High School: GreatSchools Rating 2/10Social Justice Leadership Academy at Esteban E. Torres High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $8,528 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 1006 S Record Ave is 1990.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1006 S Record Ave in Los Angeles, CA and zip code 90023 in the The Eastside neighborhood. This home, which was built in 1990, sits on a 0.20 acre lot. It has been listed on Rocket Homes since March 14, 2024 and is currently priced at $3,500,000.
In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The number of homes for sale in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.
From Rocket Homes Real Estate and based on county public records data.