15 days on rocket

2500 E 1st St, Los Angeles, CA, 90033

$1,500,000

Home List Price

$10,000*

Closing Credit

14 Bedrooms
8 Baths
8,578 SqFt
$175/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

2500 E 1st St, Los Angeles$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingCovered, One Space
Year Built1964
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #24384551
Lot Size0.20 Acres
StatusActive

About 2500 E 1st St

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
House and calculator

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.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

2500 E 1st St vs Los Angeles

15 DAYS ON ROCKET

-19 Days

$1,500,000

+$513.5K More

$175/SqFt

-$457 Less

KEY TAKEAWAY

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

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: 5/12/2024, 3:20:36 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

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

Powered By

Rocket Mortgage

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

school-card-donut-10790907
4
/10

  • Breed Street Elementary School

  • 2226 E 3rd St

  • 0.26 miles

  • Public District Grades KG-6

school-card-donut-10790908
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 8.34 miles

  • Public Magnet Grades KG-6

school-card-donut-10790909
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 23.20 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-10790910
6
/10

  • Hollenbeck Middle School

  • 2510 E 6th St

  • 0.49 miles

  • Public Magnet Grades 6-8

school-card-donut-10790911
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.54 miles

  • Public District Grades 6-8

High School

school-card-donut-10790912
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-10790913
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-10790914
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 19.66 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 $22,313. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

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 4/10
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 $4,142 (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.

Rocket Homes›California›Los Angeles County›Los Angeles›90033›2500 E 1st St

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.

In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. Between March 2024 and April 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 14.9%. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

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

More Resources