NOT LISTED FOR SALE

1416 3rd Ave Los Angeles, CA 90019

Arlington Heights Neighborhood
10 Beds
6 Baths
7,640 Sq Ft
9,920 Sq Ft Lot

Last Sold March 17, 2017

Last sale price $1,175,000 $154 Per Sq Ft

65 Days on Market

About This Home

As of March 2017

We are pleased to offer this 6-unit apartment complex, conveniently located in the heart of Mid Los Angeles- close to K-town, Mid City, USC and freeways. The main building includes 4 units with 2 beds and 1 bath each. These units have a living room, dining room and kitchen with a rear service porch. Adjacent to the dining room is a closet with a roll out bed into the dining area. The back duplex features 2 units with 1 bed and 1 bath each. Each of these units include a living room, dining room, and kitchen. There are 5 garages for vehicles. The property is subject to Los Angeles rent control statutes.

Last Agent to Sell the Property

Michelle Nishide

Compass License #01958495 Listed on: 12/06/2016

Compass

Last Buyer's Agent

Tadashi Kondo

Compass License #01438455

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 9,920 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 7,640 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 12
  • Assessor Parcel Number 5072036013

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • Other Expense $2,000
  • New Taxes Expense $16,225
  • Operating Expense $18,225
  • Gross Income $24,060
  • Net Operating Income $22,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5072036013
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 153.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 9920.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 24060.00
  • Gross Scheduled Income: 24060.00
  • Net Operating Income: 22060.00
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 2000.00
  • Other Expense: 2000.00
  • Rent Control: Yes
  • Total Expenses: 18225.00

Tax Info

  • New Taxes Expense: 16225.00
  • Tax Census Tract: 2181.20
  • Tax Lot: 12

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
03/17/2017 03/17/17 Sold $1,175,000 -9.5% $154 / Sq Ft
02/23/2017 02/23/17 Price Changed $1,298,000 0.0% $170 / Sq Ft
02/23/2017 02/23/17 For Sale $1,298,000 0.0% $170 / Sq Ft
12/06/2016 12/06/16 For Sale $1,298,000 -- $170 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michelle Nishide

    Seller's Agent in 2017

    Michelle Nishide

    Compass

    (310) 750-7525

    63 Total Sales

    Section Image

  • T

    Buyer's Agent in 2017

    Tadashi Kondo

    Compass

    (310) 567-8790

    136 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16758741

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90019 Arlington Heights

1416 3rd Ave, Los Angeles, CA

This home is located at 1416 3rd Ave, Los Angeles, CA 90019 since 06 December 2016. This property was built in 1911. 1416 3rd Ave is a home located in Los Angeles County with nearby schools including Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School, and Los Angeles Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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