2 months on rocket

505 S Lorena St, Los Angeles, CA, 90063

$550,000

Home List Price

$6,531*

Closing Credit

2 Bedrooms
2 Full Baths
774 SqFt
$711/SqFt
House

Location

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505 S Lorena St, Los Angeles$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Year Built1906
HeatingWall Furnace
CoolingNone
BasementYes
FireplaceNone
ViewCity Lights
MLS #MB24216611
Lot Size0.09 Acres
StatusActive

About 505 S Lorena St

Situated near cultural landmarks such as El Pino, Mariachi Plaza, and 5 Puntos Market, the home is surrounded by the rich heritage of Los Angeles. It isclose to local amenities like Hollenbeck Park and various community centers, providing easy access to recreational activities and neighborhood events. Local schools include Lorena Street Elementary, Breed Street Elementary, and Hollenbeck Middle School, all of which are within close proximity. This property is well-positioned for those looking to live in Boyle Heights. This 2-bedroom, 1-bathroom home, built in 1906, is approximately 774 sq. ft. of living space on a 3,750 sq. ft. lot. It features a classic stucco exterior, raised foundation, and a composition shingle roof. This property includes a spacious backyard suitable for gardening or outdoor gatherings and is in a desireable zoning disctrict.

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 1906
  • Stories: 1
  • Living Area: 774 SqFt

Listing Office:

  • Office Name: EXCELLENCE RE REAL ESTATE
  • Office Phone: (626) 201-3939
  • Listing Agent: MANUEL AMAYA

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Laminate, Tile, Vinyl
  • Interior: All Bedrooms Down
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: 60FWY EXIT LORENA

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $711/SqFt

Tax Information:

  • Annual Amount: $2,945
  • 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

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

505 S Lorena St vs Los Angeles

63 DAYS ON ROCKET

+25 Days

$550,000

-$471.5K Less

$711/SqFt

+$71 More

KEY TAKEAWAY

This property is $471.5K less than the Median Sold Price and $71/SqFt more 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: #MB24216611

Listing Office:

  • Office Name: EXCELLENCE RE REAL ESTATE
  • Office Phone: (626) 201-3939
  • Listing Agent: MANUEL AMAYA

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: 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

Jul 30, 2021Home Sold
$399,000
Dec 17, 2003Home Sold
$185,000
Feb 03, 2003Home Sold
$128,000
Oct 23, 1998Home Sold
$105,000
Feb 11, 1998Home Sold
$62,909
Sep 28, 1989Home Sold
$114,318

Tax History

YEARPROP. TAXASSESSMENT
2021$2,945$242,986
2020$2,855$240,495
2019$2,821$235,781
2018$2,757$231,158
2017$2,757$226,626

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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.

Nearby Schools

school-card-donut-777695
6
/10

  • Kipp Promesa Preparatory

  • 207 S Dacotah St

  • 0.41 miles

  • Public Charter Grades KG-4

school-card-donut-777696
4
/10

  • Euclid Avenue Elementary School

  • 806 Euclid Ave

  • 0.46 miles

  • Public District Grades KG-5

school-card-donut-777697
4
/10

  • Extera Public School No. 2

  • 1015 S Lorena St

  • 0.52 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,547. Typical income of Los Angeles, CA residents is between $100k-200k 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 505 S Lorena St

What is the listing price of this property?

The listing price of 505 S Lorena St property is $550,000.

What type of property is this?

The property 505 S Lorena St is a house located in Los Angeles, California, 90063.

Is this property for sale now?

Active Listing: 505 S Lorena 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 $2,945 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 30, 2021 for $399,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 S Lorena St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 505 S Lorena St is 774 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 S Lorena St is 1906.

Rocket Homes›California›Los Angeles County›Los Angeles›90063›505 S Lorena St

This home is located at 505 S Lorena St in Los Angeles, CA and zip code 90063 in the Boyle Heights neighborhood. This 774 square foot home, which was built in 1906, sits on a 0.09 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $550,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. 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.

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