NOT LISTED FOR SALE

3314 Chapman St Los Angeles, CA 90065

Glassell Park Neighborhood
10 Beds
5 Baths
4,460 Sq Ft
9,612 Sq Ft Lot

Last Sold November 17, 2017

Last sale price $975,000 $219 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Eagle Rock High School Rated A
  • Foothills
  • 5-minute walk to Juntos Family Park

About This Home

As of November 2017

Diamond in the Rough, this 5 unit multi-plex unit is the perfect investment for the savy, seasoned, new investor or for the one who wants to live in the front detached 2 bedroom 1 bath and rent out the other 4 units which are 2 bedrooms 1 bath each behind the front house. The front detached house is under rent control due to it being built in 1923. The 4 unit complex in the back is not under rent control and if you bring your handyman belt you can definitely do some work and get market value rents for these units. This property is centrally located to Glendale, Glassell Park, Eagle Rock, Dodger Stadium, Echo Park and many more iconic places in Los Angeles. Very quiet area, the tenants tell us and close to 5 and 2 Freeways. Priced to sell!!!!!

Last Agent to Sell the Property

Eric Franco

Harcourts Prime Properties License #01951747 Listed on: 09/08/2017

Harcourts Prime Properties

Last Buyer's Agent

Bret Lewis

Bret Lewis, Broker License #01872524

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 9,612 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Apartment
  • Cosmetic Repairs Needed

Interior Spaces

  • 4,460 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 3122
  • Assessor Parcel Number 5459009010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $1,308
  • Insurance Expense $2,929
  • Professional Management Expense $4,200
  • Trash Expense $3,318
  • Water Sewer Expense $4,912
  • New Taxes Expense $6,364
  • Operating Expense $23,111
  • Gross Income $53,400
  • Net Operating Income $33,199

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Other Phone Description: 9097172857
  • Other Phone Number: 9097172857
  • Price Per Unit: 180000
  • Professional Management Expense: 4200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4912.00
  • Zoning: LARD2
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5459009010
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 218.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3318.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9612.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1308.00
  • Gross Income: 53400.00
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 2929.00
  • Net Operating Income: 33199.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 20201.00
  • Rent Control: Yes
  • Total Actual Rent: 4450.00
  • Total Expenses: 23111.00

Tax Info

  • New Taxes Expense: 6364.00
  • Tax Census Tract: 1863.01
  • Tax Lot: 21
  • Tax Tract Number: 3122

Range of Values:

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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
11/17/2017 11/17/17 Sold $975,000 +8.5% $219 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $899,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Eric Franco

    Harcourts Prime Properties

    (714) 584-2700

    14 Total Sales

    Eric Franco
    Section Image

  • B

    Buyer's Agent in 2017

    Bret Lewis

    Bret Lewis, Broker

    (562) 726-2515

    61 Total Sales

    Bret Lewis
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17210611

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90065 Glassell Park

3314 Chapman St, Los Angeles, CA

This home is located at 3314 Chapman St, Los Angeles, CA 90065 since 08 September 2017. This property was built in 1923. 3314 Chapman St is a home located in Los Angeles County with nearby schools including Fletcher Drive Elementary School, Irving STEAM Magnet School, and Eagle Rock 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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