NOT LISTED FOR SALE

106 E Avenue 37 Los Angeles, CA 90031

Estimated Value: $6,076,000

18 Beds
25 Baths
14,764 Sq Ft
$412/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $5,270,000 $357 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $36,668/month

23 Days on Market

About This Home

As of March 2022

The Heritage Square Portfolio features 3614-3618 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36, and is comprised of (22) residential units and (3) commercial spaces on 51,492 SF of land. 106-114 E. Avenue 37 & 103-117 E. Avenue 36 is comprised of (17) bungalow-style units sitting on two parcels totaling 38,583 SF of land. Please note, 13 of the 17 units are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is comprised of 3 commercial spaces and 5 residential units sitting on 12,433 SF of land zoned RAS3. This portfolio offering is a true value-add opportunity as current rents are approx. 61% below market compared to renovated units in the area. Additionally, the portfolio sits directly across from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.

Last Agent to Sell the Property

Max Berger

Compass License #02054048 Listed on: 10/11/2021

Compass

Last Buyer's Agent

Max Berger

Compass License #02054048 Listed on: 10/11/2021

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,502

Year Built

  • Built in 1924

Lot Details

  • 1.18 Acre Lot
  • Property is zoned LARD1.5, LASAR3

Interior Spaces

  • 14,764 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 25 Bathrooms

Parking

  • 17 Open Parking Spaces
  • 17 Parking Spaces

Community Details

  • 25 Units

Listing and Financial Details

  • Assessor Parcel Number 5446-027-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,502

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 14764
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 18
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 25.00
  • Price Per S Q F T: 369.14

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 17
  • Parking Garage: Uncovered
  • Total Parking: 17

Lot Info

  • Assessor Parcel Number: 5446-027-024
  • Lot Size Area: 51492

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.07
  • Number Of Units: 25
  • Total Annual Expense: 137297
  • Type Of Units: Bungalows
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Mar 10, 2022
Sold by
Wheatgrass Investments Llc
Bought by
Heritage Homey Llc
Seller's Agent
Max Berger
Compass
Buyer's Agent
Max Berger
Compass
List Price
$5,450,000
Sold Price
$5,270,000
Premium/Discount to List
-$180,000
-3.3%
Current Estimated Value
$6,076,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$806,000
Original Mortgage
$4,725,000
Outstanding Balance
$4,427,098
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2014
Sold by
Omega Iii Properties Llc
Bought by
Wheatgrass Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2005
Sold by
Omega
Bought by
Omega Iii Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heritage Homey Llc $5,270,000 Stewart Title Company
Wheatgrass Investments Llc $2,150,021 Old Republic Title Company
Omega Iii Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heritage Homey Llc $4,725,000
Previous Owner Wheatgrass Investments Llc $1,612,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2022 03/24/22 Sold $5,270,000 -3.3% $357 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $5,450,000 +1393.2% $369 / Sq Ft
10/15/2019 10/15/19 Sold $365,000 -3.7% $310 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $379,000 -- $322 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,502 $3,501,985 $2,451,390 $1,050,595
2024 $43,502 $3,433,320 $2,403,324 $1,029,996
2023 $42,685 $3,366,000 $2,356,200 $1,009,800
2022 $27,840 $2,191,327 $1,314,566 $876,761
2021 $27,480 $2,148,361 $1,288,791 $859,570
2020 $27,741 $2,126,334 $1,275,577 $850,757
2019 $26,703 $2,084,642 $1,250,566 $834,076
2018 $26,292 $2,043,768 $1,226,046 $817,722
2016 $25,078 $1,964,408 $1,178,438 $785,970
2015 $24,730 $1,934,901 $1,160,737 $774,164
2014 $5,059 $268,571 $156,659 $111,912
Source: Public Records

Agents Affiliated with this Home

  • Max Berger

    Seller's Agent in 2022

    Max Berger

    Compass

    (310) 953-4562

    1 in this area

    33 Total Sales

    Max Berger
    Section Image
  • Michelle Calkins

    Seller's Agent in 2019

    Michelle Calkins

    COLDWELL BANKER SKY RIDGE REALTY

    (909) 336-2131

    178 Total Sales

    Michelle Calkins
    Section Image

  • M

    Buyer's Agent in 2019

    MARGARET LONGWITH

    COLDWELL BANKER SKY RIDGE REALTY

    Section Image
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Map

Source: The MLS

MLS Number: 21-798702

The MLS

APN: 5446-027-024

California Los Angeles County Los Angeles 90031

106 E Avenue 37, Los Angeles, CA

This home is located at 106 E Avenue 37, Los Angeles, CA 90031 since 11 October 2021 and is currently priced at $6,076,000, approximately $411 per square foot. This property was built in 1924. 106 E Avenue 37 is a home located in Los Angeles County with nearby schools including Loreto Street Elementary School, Latona Avenue Elementary School, and Florence Nightingale Middle.

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