We are excited to present a prime investment opportunity with a beautifully maintained5-unit apartment building located at 203 S St Louis St in the rapidly developing neighborhood of Boyle Heights, Los Angeles. Situated near key attractions such as Dodger Stadium and Crypto Arena, this property is strategically positioned to benefit from the area's ongoing growth and revitalization. Spanning a total square footage of 3,976 on a 5,939 SF lot zonedLARD2, this asset offers significant potential for value appreciation. The property features a well-structured mix of units: one 3-bedroom,2-bath unit; two 2-bedroom, 1-bath units; and two 1-bedroom,1-bath units. Each unit is individually metered for gas and electricity, ensuring operational efficiency and streamlined management The property's excellent location provides easy access to public transportation, with bus and metro stations just a short walk away, enhancing its appeal to tenants and increasing occupancy potential. Given the ongoing developments in Boyle Heights and the surrounding areas, investors can expect robust rental demand and promising returns. This investment not only offers immediate cash flow potential but also the opportunity to capitalize on a burgeoning market poised for long-term growth. Don't miss your chance to secure a valuable asset in an increasingly desirable location.
Property Details
Property Features
Property Information:
Year Built: 1965
Stories: 2
Living Area: 3,976 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Derrick Vartanian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 9
Exterior Features
Parking Information:
Parking: Driveway, Uncovered
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: S of E 2nd St., N of E 3rd St. and E of S Cummings St. in the submarket of Boyle Heights. Close to some of the major Freeways in Los Angeles.
Price Information
Listing Price Info
Price Summary:
List Price: $1,100,000
Price Per SqFt: $277/SqFt
Tax Information:
Annual Amount: $6,298
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 $78.4K more than the Median Sold Price and $363/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: #24457625
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: Derrick Vartanian
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: 12/21/2024, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 21, 2003
Mar 21, 2003Home Sold
$340,000
Mar 31, 1993
Mar 31, 1993Home Sold
$290,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,298
$454,916
2020
$6,130
$450,253
2019
$6,020
$441,425
2018
$5,857
$432,771
2017
$5,857
$424,286
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.
$5,558
Per Month
Principal & Interest
$5,491
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
$3,364
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
2nd Street Elementary School
1942 E 2nd St
Distance between this listing and this school0.13 miles
Public District Grades KG-6
3
/10
Breed Street Elementary School
2226 E 3rd St
Distance between this listing and this school0.14 miles
Public District Grades KG-6
5
/10
Puente Charter
501 S Boyle Ave
Distance between this listing and this school0.36 miles
Public Charter Grades KG-3
Nearby Schools
3
/10
Extera Public
2226 E 3rd St
Distance between this listing and this school0.14 miles
Public Charter Grades KG-8
5
/10
Hollenbeck Middle School
2510 E 6th St
Distance between this listing and this school0.51 miles
Public District Grades 6-8
3
/10
Utah Street School
255 Gabriel Garcia Marquez St
Distance between this listing and this school0.69 miles
Public District Grades KG-8
Nearby Schools
5
/10
Theodore 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
2
/10
Boyle Heights Continuation
544 S Mathews St
Distance between this listing and this school0.48 miles
The neighbors living near this home have an average income of $27,797. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in married, with kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 203 S St Louis St
What is the listing price of this property?
The listing price of 203 S St Louis St property is $1,100,000.
What type of property is this?
The property 203 S St Louis St is a house located in Los Angeles, California, 90033.
Is this property for sale now?
Active Listing: 203 S St Louis St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $6,298 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 21, 2003 for $340,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 203 S St Louis St has 9 bedrooms and 6 bathrooms.
What is the square footage of this property?
The property 203 S St Louis St is 3,976 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 203 S St Louis St is 1965.
This home is located at 203 S St Louis St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This 3,976 square foot home, which was built in 1965, sits on a 0.14 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $1,100,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.