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Backup Offers

2028 E 3rd St, Los Angeles, CA, 90033

$1,595,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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2028 E 3rd St, Los Angeles$1,595,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage2 spaces
Year Built1925
FireplaceFamily Room
MLS #SB24016974
Lot Size0.14 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 2028 E 3rd St

Property will be delivered 100% Vacant by Close of Escrow! 8.8% Cap Rate! One of the best in Los Angeles County! 2028 E 3rd St is a meticulously remodeled 5 Unit Apartment in the heart of Los Angeles. Boasting an excellent unit mx with (2) 2-Bed/1-Bath, (2) 3-Bed/1-Bath and (1) 4-Bed/2-Bath units, each unit has been renovated with contemporary fixtures, new flooring, modern bathrooms, and in unit laundry hookups. This 4-Bed/2-Bath unit comes as a detached residence with private alley access and it's own two car garage. The offering comes with endless opportunity, highlighted by this garage that can be converted into an ADU (Buyer to Verify). This offering presents an investor the opportunity to acquire a fully tenant-ready Asset in Boyle Heights operating at a 8.80% Cap Rate and 8.16 GRM. Offered at only $316/Sq. Ft, this turn-key apartment is fit for any investor to add a cash cow to their apartment portfolio. Boyle Heights is a quickly growing neighborhood in Los Angeles adjacent to Downtown Los Angeles. A vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. With a close proximity to the train line stop and walking distance to Hollenbeck Park, and restaurants, bars and nightlife.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 729-1559
  • Listing Agent: Aaron Jacobson

Interior Features

Interior Information:

  • Fireplace: Family Room

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

School Info

Assigned Schools Information:

  • School of Communications, New Media and Technology at Roosevelt High School, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Hollenbeck Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Second Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: South of 1st, West of Soto

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,595,000

Tax Information:

  • Annual Amount: $4,220
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

2028 E 3rd St vs Los Angeles

89 DAYS ON ROCKET

+55 Days

$1,595,000

+$619K More

KEY TAKEAWAY

This property is $619K 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: #SB24016974

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 729-1559
  • Listing Agent: Aaron Jacobson

IDX 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: 4/28/2024, 12:55:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,220$274,705
2020$4,115$271,889
2019$4,006$266,559
2018$3,888$261,333
2017$3,888$256,210

History based on county public records data.

Payment Calculator

$8,028

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,848

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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

school-card-donut-1805259
6
/10

  • Second Street Elementary School

  • 1942 E 2nd St

  • 0.16 miles

  • Public District Grades KG-6

school-card-donut-1805260
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 7.97 miles

  • Public Magnet Grades KG-6

school-card-donut-1805261
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 23.13 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1805262
6
/10

  • Hollenbeck Middle School

  • 2510 E 6th St

  • 0.46 miles

  • Public Magnet Grades 6-8

school-card-donut-1805263
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.42 miles

  • Public District Grades 6-8

High School

school-card-donut-1805264
2
/10

  • School of Communications, New Media and Technology at Roosevelt High School

  • 456 S Mathews St

  • 0.43 miles

  • Public District Grades 9-12

school-card-donut-1805265
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 0.43 miles

  • Public Magnet Grades 9-12

school-card-donut-1805266
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 19.33 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,797. Residents of Los Angeles, CA typically earn less than $35k each year. The most common type of family is 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 2028 E 3rd St

What is the listing price of this property?

The listing price of 2028 E 3rd St property is $1,595,000.

What type of property is this?

The property 2028 E 3rd St is a condo located in Los Angeles, California, 90033.

Is this property for sale now?

Accepting Backup Offers: 2028 E 3rd St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 2028 E 3rd St are:
Second Street Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Hollenbeck Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
School of Communications, New Media and Technology at Roosevelt High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,220 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 2028 E 3rd St is 1925.

Rocket Homes›California›Los Angeles County›Los Angeles›90033›2028 E 3rd St

This home is located at 2028 E 3rd St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This home, which was built in 1925, sits on a 0.14 acre lot. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $1,595,000.

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. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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