We are pleased to present 2500 E 1st St, a mixed-use property situated in the heart of the culturally rich Boyle Heights district, renowned for its diverse community and bustling atmosphere. Built in 1964, the 8,578 square foot property features a standalone corner retail unit complemented by an 8-unit apartment complex at the rear. The apartment consists of three (3) 1-bedroom and five (5) 2-bedroom units. With current rents offering significant room for growth, savvy investors can capitalize on a approximately 62% upside potential in rental income as units become vacant. Spanning across 8,641 square feet of land, the property is commercially zoned with a tier 4 TOC bonus, permitting the development of 40 units or more through ED-1, further enhancing its investment appeal. Strategically positioned just one block away from the E Line Soto Station & adjacent Los Lirios Apartments which boasts 2,400 square feet of ground-floor commercial space, this property offers unparalleled convenience and accessibility. Furthermore, with a brand-new four-story, 51-unit affordable housing complex scheduled for construction on the same block as the subject property, the area is experiencing a surge in development activity, underscoring its status as a burgeoning investment hotspot. With its proximity to downtown Los Angeles and seamless access to public transportation, Boyle Heights offers residents and businesses alike an unparalleled urban lifestyle. With its rich cultural heritage, diverse community, and thriving commercial landscape, Boyle Heights presents a compelling investment opportunity in one of Los Angeles' most dynamic and sought-after neighborhoods.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Living Area: 8,578 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 14
Exterior Features
Parking Information:
Parking: Covered, One Space
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
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
Breed 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: From downtown LA, take US-101 S. Exit onto Soto St via Exit 2B. Turn left onto E 1st St. Property will be on the right hand side on the corner of 1st St & Matthews.
Price Information
Listing Price Info
Price Summary:
List Price: $1,500,000
Price Per SqFt: $175/SqFt
Tax Information:
Annual Amount: $4,142
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $513.5K more than the Median Sold Price and $457/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24384551
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Sevak Keshishian
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: 5/13/2024, 5:20:35 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
YEAR
PROP. TAX
ASSESSMENT
2021
$4,142
$230,147
2020
$4,050
$227,788
2019
$3,857
$223,322
2018
$3,750
$218,944
2017
$3,750
$214,652
History based on county public records data.
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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
4
/10
Breed Street Elementary School
2226 E 3rd St
Distance between this listing and this school0.26 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.34 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school23.20 miles
Public Magnet Grades KG-5
Middle School
6
/10
Hollenbeck Middle School
2510 E 6th St
Distance between this listing and this school0.49 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.54 miles
Public District Grades 6-8
High School
2
/10
School of Communications, New Media and Technology at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.43 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.43 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school19.66 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Breed Street Elementary School
2226 E 3rd St
Distance between this listing and this school0.26 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.34 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school23.20 miles
Public Magnet Grades KG-5
Assigned Schools
6
/10
Hollenbeck Middle School
2510 E 6th St
Distance between this listing and this school0.49 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school4.54 miles
Public District Grades 6-8
Nearby Schools
9
/10
Kipp Los Angeles College Preparatory
2810 Whittier Blvd
Distance between this listing and this school0.82 miles
Public Charter Grades 5-8
Assigned Schools
2
/10
School of Communications, New Media and Technology at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.43 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.43 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school19.66 miles
The neighbors living near this home have an average income of $22,313. Most Los Angeles, CA residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2500 E 1st St
What is the listing price of this property?
The listing price of 2500 E 1st St property is $1,500,000.
What type of property is this?
The property 2500 E 1st St is a house located in Los Angeles, California, 90033.
Is this property for sale now?
Active Listing: 2500 E 1st St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2500 E 1st St are: Breed Street Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Hollenbeck Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10School of Communications, New Media and Technology at Roosevelt High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel 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 $4,142 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 2500 E 1st St has 14 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 2500 E 1st St is 8,578 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2500 E 1st St is 1964.
This home is located at 2500 E 1st St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This 8,578 square foot home, which was built in 1964, sits on a 0.20 acre lot. Features: 14 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 27, 2024 and is currently priced at $1,500,000.
While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.