NOT LISTED FOR SALE

3015 Virginia Rd Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,133,000 - $2,066,000

8 Beds
4 Baths
5,076 Sq Ft
$337/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $1,217,000 $240 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $10,658/month

9 Days on Market

About This Home

As of October 2018

Huge, classic 4plex in up-and-coming West Adams, walking distance to Expo Line. All huge 2 bedroom units (approx. 1200 sq ft each), with w/d hookups and garage parking. Building is in better than usual condition for 1920s 4plexes, due to partial rehab around 2011.2 units VACANT at closing (am forecasting $2400 / month)... move new tenants right in, or renovate for market-leading rents.True value-add opportunity... check market rents in the area for 2 beds and 3 beds... they're crazy high, because the neighborhood is a short drive to job centers in Culver City, Century City, Beverly Hills (to the west), Hollywood (to the north) and DTLA (to the east). *Note: All numbers in listing are approximate. Buyer / Buyer's broker to rely on own investigations. Listing broker is Manager of LLC which owns the property.

Last Agent to Sell the Property

Moses Kagan

Adaptive Realty, Inc. License #01864027 Listed on: 08/28/2018

Last Buyer's Agent

Moses Kagan

Adaptive Realty, Inc. License #01864027 Listed on: 08/28/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,838

Year Built

  • Built in 1930

Lot Details

  • 6,156

Parking

  • 4 Parking Spaces

Interior Spaces

  • 5,076 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,156 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5050-027-043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,838

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5076
  • Stories: 2
  • Year Built: 1930
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 236.41

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 155943
  • Assessed Land Value: 66740
  • Assessor Parcel Number: 5050-027-043
  • Geocode Override: No
  • Lot Size Area: 6156

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.80
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 25000
  • Type Of Units: Unfurnished
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Oct 29, 2018
Sold by
Adaptive Micro Llc
Bought by
Do Do Nick Con Ngoc Nick Con Ngoc and Do Kim Carey
Seller's Agent
Moses Kagan
Adaptive Realty, Inc.
Buyer's Agent
Moses Kagan
Adaptive Realty, Inc.
List Price
$1,200,000
Sold Price
$1,217,000
Premium/Discount to List
$17,000
1.42%
Current Estimated Value
$1,711,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$494,837
Avg. Annual Appreciation
4.91%
Original Mortgage
$717,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2018
Closed on
Oct 11, 2018
Sold by
Kim Charles
Bought by
Do Kim Carey
Seller's Agent
Moses Kagan
Adaptive Realty, Inc.
Buyer's Agent
Moses Kagan
Adaptive Realty, Inc.
List Price
$1,200,000
Sold Price
$1,217,000
Premium/Discount to List
$17,000
1.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2017
Closed on
Sep 22, 2017
Sold by
Torres Reaves Helena
Bought by
Adaptive Micro Llc
Seller's Agent
Zac Freehling
Keller Williams Beverly Hills
Buyer's Agent
Zac Freehling
Keller Williams Beverly Hills
List Price
$900,000
Sold Price
$935,000
Premium/Discount to List
$35,000
3.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.94%

Purchase Details

Closed on
Jun 30, 2017
Sold by
Torres Reaves Helena
Bought by
Torres Reaves Helena and Reaves Family Trust

Purchase Details

Closed on
Sep 23, 2009
Sold by
Reaves Asa Edwin
Bought by
Reaves Asa Edwin and Torres Reaves Helena

Purchase Details

Closed on
Jan 16, 2007
Sold by
Reaves Asa Edwin and Reaves Asa E
Bought by
Reaves Asa Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.11%
Mortgage Type
New Conventional
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
Do Do Nick Con Ngoc Nick Con Ngoc $1,217,000 First American Title Company
Do Kim Carey -- First American Title
Adaptive Micro Llc $935,000 First American Title Company
Torres Reaves Helena -- None Available
Reaves Asa Edwin -- None Available
Reaves Asa Edwin -- None Available
Reaves Asa Edwin -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Do Nick Con Ngoc $699,600
Closed Do Do Nick Con Ngoc Nick Con Ngoc $717,000
Previous Owner Reaves Asa Edwin $118,000
Previous Owner Reaves Asa Edwin $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold $1,217,000 +1.4% $240 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/28/2018 08/28/18 For Sale $1,200,000 +28.3% $236 / Sq Ft
10/04/2017 10/04/17 Sold $935,000 +3.9% $184 / Sq Ft
09/25/2017 09/25/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $900,000 -- $177 / 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 $16,838 $1,375,802 $1,115,517 $260,285
2024 $16,838 $1,348,827 $1,093,645 $255,182
2023 $16,521 $1,322,380 $1,072,201 $250,179
2022 $15,766 $1,296,452 $1,051,178 $245,274
2021 $15,551 $1,271,032 $1,030,567 $240,465
2020 $15,706 $1,242,080 $1,020,000 $222,080
2019 $14,899 $1,217,740 $1,000,000 $217,740
2018 $11,699 $935,740 $800,000 $135,740
2016 $3,042 $218,318 $65,432 $152,886
2015 $3,004 $215,040 $64,450 $150,590
2014 $3,042 $210,829 $63,188 $147,641
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Moses Kagan

    Adaptive Realty, Inc.

    (213) 330-2711

    2 Total Sales

    Moses Kagan
    Section Image
  • Zac Freehling

    Seller's Agent in 2017

    Zac Freehling

    Keller Williams Beverly Hills

    (310) 829-3939

    16 Total Sales

    Zac Freehling
    Section Image
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Map

Source: The MLS

MLS Number: 18-380242

The MLS

APN: 5050-027-043

California Los Angeles County Los Angeles 90016 West Adams

3015 Virginia Rd, Los Angeles, CA

This home is located at 3015 Virginia Rd, Los Angeles, CA 90016 since 28 August 2018 and is currently estimated at $1,711,837, approximately $337 per square foot. This property was built in 1930. 3015 Virginia Rd is a home located in Los Angeles County with nearby schools including Virginia Road Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

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The MLS © 2025 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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