NOT LISTED FOR SALE

3016 West Blvd Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,103,000 - $2,047,000

6 Beds
3 Baths
2,426 Sq Ft
$607/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $729,000 $300 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $9,790/month

10 Days on Market

About This Home

As of April 2019

Prime value-add or development opportunity in the West Adams area adjacent to Culver City. Take advantage of TOC density bonus to build a 6-unit apartment or condo building. Architectural plans started but not finished. This Development Project is a 6-Unit three-story apartment/condo building project in a great gentrifying West Adams area. This area is continuing to get better and grow. Plans consist of 6 X 2 beds + 2.5 bath units, each unit is around 1,520 sq ft. The estimated completed value is $4.2-$4.8 million when finished and it will be a NO RENT CONTROL building. The survey and soil report have been completed so you can start demolition right away. The projected rents vary from $3400-$4100 depending on each unit size. Alternatively, buyer can take advantage of the current buildings to renovate this duplex which consists of a 4-bedroom front house and a 2-bedroom back house. This Spanish-style property is located at 3016 West Blvd. and was built in 1926. Broker is principal.

Last Agent to Sell the Property

Pablo Cienfuegos

Pablo Cienfuegos License #01890537 Listed on: 04/02/2019

Last Buyer's Agent

Andrew Daggett

The Associates Realty Group License #01907058

The Associates Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,698

Year Built

  • Built in 1926

Lot Details

  • 7,772 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Automatic Gate

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5050-026-040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,698

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2426
  • Probate: No
  • Stories: 1
  • Year Built: 1926
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 329.35

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 135813
  • Assessed Land Value: 286479
  • Assessor Parcel Number: 5050-026-040
  • Geocode Override: No
  • Lot Size Area: 7772

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 0
  • Total Annual Expense: 5723.12
  • Type Of Units: Duplex
  • Vacancy Rate: Vacant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Interstellar Properties Llc
Bought by
Proper Holdings Llc
Total Days on Market
10
Current Estimated Value
$1,472,667

Purchase Details

Closed on
Oct 24, 2019
Sold by
Interstellar Properties Llc
Bought by
Proper Holdings Llc

Purchase Details

Listed on
Apr 2, 2019
Closed on
Apr 25, 2019
Sold by
Serfin Capital
Bought by
Interstellar Properties Llc
Seller's Agent
Pablo Cienfuegos
Pablo Cienfuegos
Buyer's Agent
Andrew Daggett
The Associates Realty Group
List Price
$799,000
Sold Price
$729,000
Premium/Discount to List
-$70,000
-8.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.65%
Original Mortgage
$713,221
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2013
Sold by
Platinum Equity Fund Llc
Bought by
Serfinm Capital and Rm Real Estate Asset Holdings

Purchase Details

Closed on
May 8, 2008
Sold by
Sequeira Hugo Vilchez
Bought by
Platinum Equity Fund Llc

Purchase Details

Closed on
Dec 15, 2007
Sold by
Vilchez Irene
Bought by
Vilchez Hugo

Purchase Details

Closed on
Dec 12, 2007
Sold by
Sequeira Irene Vilchez
Bought by
Sequeira Nixon Vilchez

Purchase Details

Closed on
Jul 12, 2005
Sold by
Vilchez Hugo and Sequeira Hugo Vilchez
Bought by
Vilchez Hugo and The Hugo Vilchez Living Trust
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
Proper Holdings Llc $850,000 Lawyers Title Insurance Co
Interstellar Properties Llc $729,000 Commonwealth Land Title Co
Serfinm Capital -- Commonwealth Land Title Ins
Platinum Equity Fund Llc -- None Available
Platinum Equity Fund Llc $120,000 None Available
Vilchez Hugo -- None Available
Sequeira Nixon Vilchez -- None Available
Vilchez Hugo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Proper Holdings Llc $1,312,500
Previous Owner Interstellar Properties Llc $713,221
Previous Owner Serfin Capital $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $729,000 -8.8% $300 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $799,000 -- $329 / 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
2024 $23,698 $1,909,842 $911,371 $998,471
2023 $11,099 $893,501 $893,501 $0
2022 $10,590 $875,982 $875,982 $0
2021 $10,452 $858,806 $858,806 $0
2020 $9,280 $743,580 $652,800 $90,780
2019 $5,516 $439,351 $298,052 $141,299
2018 $5,451 $430,737 $292,208 $138,529
2016 $5,197 $414,012 $280,862 $133,150
2015 $5,124 $407,794 $276,644 $131,150
2014 $5,154 $399,806 $271,225 $128,581
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Pablo Cienfuegos

    Pablo Cienfuegos

    Section Image

  • A

    Buyer's Agent in 2019

    Andrew Daggett

    The Associates Realty Group

    (714) 395-6656

    14 Total Sales

    Andrew Daggett
    Section Image
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Map

Source: The MLS

MLS Number: 19-450538

The MLS

APN: 5050-026-040

California Los Angeles County Los Angeles 90016 West Adams

3016 West Blvd, Los Angeles, CA

This home is located at 3016 West Blvd, Los Angeles, CA 90016 since 02 April 2019 and is currently estimated at $1,472,667, approximately $607 per square foot. This property was built in 1926. 3016 West Blvd 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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