Seller's Agent in 2022
Ty Courtney Wallace
Coldwell Banker Tri-Counties R
(909) 861-9835
1 in this area
263 Total Sales
2103 3rd Ave Los Angeles, CA 90018
Arlington Heights NeighborhoodEstimated Value: $1,012,000 - $1,099,000
8
Beds
4
Baths
3,804
Sq Ft
$277/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Private Yard
- Walk-In Closet
- Corner Lot
- No HOA
- Cooling System Mounted To A Wall/Window
About This Home
As of April 2022Arlington Heights 4 plex, ideally located appx 10 to 15 minutes to downtown Los Angeles. Each unit is a 2 bed 1 bath of appx 950 sf.. The total building is 3804 sf.. The interior condition is mostly original on each unit, upgrades have been done over the years to tub enclosures, and flooring. There are units 2103, 2105, 2107, and 2109. Units 2103 and 2019 are upstairs units and both have front and rear staircases. Each unit has a bedroom toward the back and a bedroom toward the front of the building. The upstairs units have their own private balconies accessed off of the front bedrooms facing 3rd Ave. Please make offers subject to interior inspection. Many interior photos were added on 12.20.21. Long time renters are paying $1000, $1,000, $1000, and $985 per unit per month. There are 4 detached garages with single doors and a concrete driveway for additional parking of another 4 plus cars. Front and rear fenced yards. The owner pays for the water bill which has been appx $850 to $1000 per month. Some units have double pane windows. There is only one water meter. The tenants pay electric and gas, individual meters are in place. The person that knew a lot about the property is no longer with us. Age of the electric and plumbing systems are unknown. Each tenant owns their own stove, refrigerator, washer and dryer. Take a look up third Ave and you will see the iconic Hollywood sign to the distant north. The property is part of the Rent Stabilization Ordinance.
Last Agent to Sell the Property
Coldwell Banker Tri-Counties R License #01016494 Listed on: 10/05/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,468
Year Built
- Built in 1914
Lot Details
- 7,000 Sq Ft Lot
- Two or More Common Walls
- Chain Link Fence
- Fence is in fair condition
- Corner Lot
- Rectangular Lot
- Level Lot
- Corners Of The Lot Have Been Marked
- Private Yard
Parking
- 4 Car Garage
- Parking Available
- Single Garage Door
- Driveway
Home Design
- Traditional Architecture
- Quadruplex
- Brick Foundation
- Raised Foundation
- Frame Construction
- Shingle Roof
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 3,804 Sq Ft Home
- 2-Story Property
- Living Room
Bedrooms and Bathrooms
- 8 Bedrooms
- Walk-In Closet
- 4 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Exterior Lighting
- Shed
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 1 / 17
- Tax Tract Number 12345
- Assessor Parcel Number 5060028001
- $568 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,000
- Water Sewer Expense $10,800
- Operating Expense $1,000
- Gross Income $47,820
- Net Operating Income $2,985
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 28, 2023
Sold by
Next Level Estates
Bought by
Mckizzie Reginald Keith
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$959,459
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$46,874
Purchase Details
Listed on
Oct 5, 2021
Closed on
Mar 1, 2022
Sold by
Bertha Fernandez
Bought by
Next Level Estates
Seller's Agent
Ty Courtney Wallace
Coldwell Banker Tri-Counties R
Buyer's Agent
Reginald Mckizzie
Palma Investments
List Price
$999,000
Sold Price
$950,000
Premium/Discount to List
-$49,000
-4.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.72%
Original Mortgage
$1,000,900
Interest Rate
4.72%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 11, 1994
Sold by
Robison Richard M
Bought by
Robison Mary Ann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mckizzie Reginald Keith | -- | Pacific Coast Title | |
| Next Level Estates | $950,000 | Chicago Title | |
| Robison Mary Ann | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mckizzie Reginald Keith | $980,000 | |
| Previous Owner | Fernandez Bertha | $1,000,900 | |
| Previous Owner | Next Level Estates | $1,000,900 | |
| Previous Owner | Fernandez Bertha | $1,000,900 | |
| Previous Owner | Next Level Estates | $1,000,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2022 04/12/22 | Sold | $950,000 | -4.9% | $250 / Sq Ft |
| 01/21/2022 01/21/22 | Pending | -- | -- | -- |
| 10/05/2021 10/05/21 | For Sale | $999,000 | -- | $263 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,468 | $1,008,780 | $703,800 | $304,980 |
| 2024 | $12,468 | $989,000 | $690,000 | $299,000 |
| 2023 | $12,229 | $969,000 | $581,400 | $387,600 |
| 2022 | $2,791 | $187,624 | $120,085 | $67,539 |
| 2021 | $2,734 | $183,946 | $117,731 | $66,215 |
| 2019 | $2,664 | $178,492 | $114,240 | $64,252 |
| 2018 | $2,559 | $174,993 | $112,000 | $62,993 |
| 2016 | $2,414 | $168,199 | $107,651 | $60,548 |
| 2015 | $2,385 | $165,673 | $106,034 | $59,639 |
| 2014 | $2,422 | $162,428 | $103,957 | $58,471 |
Source: Public Records
Agents Affiliated with this Home
-
Ty Courtney Wallace
-
Reginald Mckizzie
Buyer's Agent in 2022
Reginald Mckizzie
Palma Investments
(562) 209-6874
1 in this area
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR21221353
APN: 5060-028-001
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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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