NOT LISTED FOR SALE

3311 Smith St Los Angeles, CA 90031

Lincoln Heights Neighborhood
13 Beds
-- Bath
3,510 Sq Ft
0.42 Acres

Last Sold December 07, 2020

Last sale price $1,350,000 $385 Per Sq Ft

About This Home

As of December 2020

3311 - 3317 Smith St is an ideal "value-add" investment that offers a savvy Buyer the opportunity to add value two ways - through increasing rents and also by building 2-5 new units on the unused portion of the lot. Given the low average rents and ability to build 2-5 new units, the property offers a whopping 200%+ upside in rental income! (Rental upside depends on size of units built, finishes, and upgrades in existing 6 units -Buyer to investigate and run own financial analysis). Additionally, the property has low expenses c/o separate water meters and a great location with hillside views and more. Located 1/3 mile from Metro Gold Line Station at Heritage Square, and across from newly approved mixed use development on Pasadena Ave of 468 Units + 16,000 SF of retail. Full Marketing Package available upon request.

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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 Change Sq Ft Price
12/07/2020 12/07/20 Sold $1,350,000 -4.9% $385 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $1,420,000 -- $405 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dana Coronado

    Seller's Agent in 2020

    Dana Coronado

    Compass

    (310) 562-9630

    2 in this area

    38 Total Sales

    Dana Coronado
    Section Image

  • T

    Buyer's Agent in 2020

    Tiffany Yamamoto

    Century 21 Masters

    (626) 374-1829

    1 in this area

    8 Total Sales

    Tiffany Yamamoto
    Section Image
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Map

California Los Angeles County Los Angeles 90031 Lincoln Heights

3311 Smith St, Los Angeles, CA

This home is located at 3311 Smith St, Los Angeles, CA 90031. 3311 Smith St is a home located in Los Angeles County with nearby schools including Hillside Elementary, Florence Nightingale Middle, and Abraham Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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