NOT LISTED FOR SALE

1507 3rd Ave Los Angeles, CA 90019

Arlington Heights Neighborhood
9 Beds
8 Baths
4,301 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: November 7, 2017

Last sale price $1,375,000 $320 Per Sq Ft

106 Days on Market

About This Home

As of November 2017

GREAT OPPORTUNITY FOR INVESTMENT PROPERTY.FULLY TENANTS OCCUPIED. VERY WELL MAINTENANCE BUILDING BY OWNER.TITLE SHOW 7 UNIT APARTMENT BUT BUILDING & SAFE RECORD 6 UNIT. Two Single Unit are non-conforming unit. BUYER AND BUYER'S AGENT VERIFIED ALL INFORMATION.HIGH DEMAND RENTAL AREA.LONG TERM TENANT UP TO 30% RENT INCREASE POTENTIAL. DO NOT DISTURBED TENANTS. DRIVE BY ONLY SUBJECT TO INSPECTION AFTER ACCEPTED OFFER.Agent Remarks : BUYER AND BUYER'S AGENT TO DO THERE OWN INVESTIGATIONABOUT UNIT COUNT AND OTHER ASPECTS.

Last Agent to Sell the Property

Jae Choi

Ivy Realty Co. License #01273921 Listed on: 07/11/2017

Last Buyer's Agent

Jae Choi

Ivy Realty Co. License #01273921 Listed on: 07/11/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,004

Interior Spaces

  • 4,301 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport

Additional Features

  • 7,004 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5072-027-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

7,004 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4301
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 339.46

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Value: 269238
  • Assessed Land Value: 724874
  • Assessor Parcel Number: 5072-027-002
  • Geocode Override: No
  • Lot Size Area: 7004

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 14.10
  • Number Of Units: 8
  • Type Of Units: multi
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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 List to Sale Price per Sq Ft Prior Sale
11/07/2017 11/07/17 Sold $1,375,000 -5.8% $320 / Sq Ft
10/25/2017 10/25/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $1,459,999 +52.1% $339 / Sq Ft
02/25/2014 02/25/14 Sold $960,000 -1.0% $223 / Sq Ft View Prior Sale
02/25/2014 02/25/14 Pending -- -- --
12/02/2013 12/02/13 For Sale $970,000 -- $226 / Sq Ft
Source: The MLS

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 $24,195 $1,968,559 $1,312,373 $656,186
2024 $24,195 $1,929,961 $1,286,641 $643,320
2023 $23,739 $1,892,119 $1,261,413 $630,706
2022 $22,662 $1,855,020 $1,236,680 $618,340
2021 $22,378 $1,818,648 $1,212,432 $606,216
2019 $17,472 $1,403,040 $1,096,500 $306,540
2018 $17,333 $1,375,540 $1,075,000 $300,540
2017 $12,939 $1,013,993 $739,371 $274,622
2016 $12,626 $994,112 $724,874 $269,238
2015 $12,450 $979,180 $713,986 $265,194
2014 $4,463 $297,965 $153,459 $144,506
Source: Public Records

Agents Affiliated with this Home

  • Jae Choi

    Seller's Agent in 2017

    Jae Choi

    Ivy Realty Co.

    (213) 427-7764

    5 Total Sales

    Jae Choi
    Section Image
  • Grace Globus

    Seller's Agent in 2014

    Grace Globus

    Compass

    (310) 779-0058

    19 Total Sales

    Grace Globus
    Section Image

  • M

    Buyer's Agent in 2014

    Myung Shin

    RE/MAX

    6 Total Sales

    Myung Shin
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-250098

The MLS
California Los Angeles County Los Angeles 90019 Arlington Heights

1507 3rd Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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