NOT LISTED FOR SALE

3160 Warwick Ave Los Angeles, CA 90032

El Sereno Neighborhood
13 Beds
7 Baths
4,931 Sq Ft
7,983 Sq Ft Lot

Last Sold March 11, 2021

Last sale price $1,380,000 $280 Per Sq Ft

24 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • West Facing Home
  • Abraham Lincoln High School Rated A
  • Laundry Facilities
  • Wood Siding

About This Home

As of March 2021

We are pleased to present for sale 3160 Warwick Avenue, a 7-Unit multi-family apartment located in the El Sereno neighborhood of Los Angeles California. The property is a two story, garden style apartment building consisting of two separate structures. The main 2 story apartment structure consists of a desirable unit mix of all 2BR/1BA, and also located on this property is a single story separate 1BR house. The The buildings total 4,931 rentable square feet situated on an approximately 7,983 square foot corner lot. Built in1964, this apartment is being offered for the very first time on market within the past 20 years. The rents at this property are approximately 40% below market rates due to long term tenants. With updated market rents, the property has the potential to achieve a 7.07% CAP rate. This apartment building is conveniently located within 20 minutes to downtown Los Angeles, and within 2 miles of California State University Los Angeles

Last Agent to Sell the Property

David Lin

Colliers International Greater Los Angel License #01894476 Listed on: 11/09/2020

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,983 Sq Ft Lot
  • West Facing Home
  • Corner Lot

Home Design

  • Traditional Architecture
  • Split Level Home
  • Frame Construction
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,931 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Carpet
  • Oven or Range

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Parking

  • 9 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5220-009-012

Community Details

Overview

  • 2 Buildings
  • 7 Units

Additional Features

  • Laundry Facilities
  • Vacancy Allowance $2,601

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: No
  • Living Area: 4931
  • Lot Acreage: 0.1865
  • Price Per Unit: 197143.00
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Bedrooms: 13
  • Laundry: Community
  • Total Bathrooms: 7.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 279.86
  • Windows: Window Blinds

Exterior Features

  • Direction Faces: West
  • Construction: Frame, Stucco, Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Tile
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 9

Utilities

  • Water Heater: Gas
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 39.14
  • Assessed Improvement Value: 169470
  • Assessed Land Percent: 60.86
  • Assessed Land Value: 263507
  • Total Assessed Value: 432977
  • Assessor Parcel Number: 5220-009-012
  • Lot Location: Corner Lot
  • Lot Size Area: 7983

Rental Info

  • Total Actual Rent: 86712.00
  • Owner Pays: Water, Gardener
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.91
  • Gross Scheduled Income: 87711.00
  • Number Of Units: 7
  • Type Of Units: 2BR/1BA, 1BR
  • Vacancy Allow: 2601
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax New: 18311.00

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft
03/11/2021 03/11/21 Sold $1,380,000 0.0% $280 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $1,380,000 -- $280 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Lin

    Seller's Agent in 2021

    David Lin

    Colliers International Greater Los Angel

    (626) 257-8502

    1 in this area

    7 Total Sales

    David Lin
    Section Image

  • S

    Buyer's Agent in 2021

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 20-658652

The MLS
California Los Angeles County Los Angeles 90032 El Sereno

3160 Warwick Ave, Los Angeles, CA

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