NOT LISTED FOR SALE

3422 E 3rd St Los Angeles, CA 90063

Boyle Heights Neighborhood

Estimated Value: $757,000 - $887,339

4 Beds
2 Baths
1,755 Sq Ft
$471/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2019

Last sale price $580,000 $330 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,158 / mo

Highlights

  • All Bedrooms Downstairs
  • 5-minute walk to Indiana
  • No HOA
  • Wood Flooring
  • Lawn
  • Neighborhood Views

About This Home

As of May 2019

Both duplexes are two bedroom and one bath. Back unit, larger two bedroom, to be delivered vacant. Both units were not updated. Property boasts a long driveway enough for three cars and a one car garage. Each unit is separately metered. There is enough space for a private yard for each individual unit. The property was sold and the mandatory retrofit requirements were made.

Last Agent to Sell the Property

Douglas Lee

COMPASS License #01463907 Listed on: 05/22/2019

COMPASS

Co-Listed By

Michael Torres

On The Move Realty License #01469202

Last Buyer's Agent

Michael Torres

On The Move Realty License #01469202

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,703 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Lot Sloped Down
  • Lawn
  • Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Cosmetic Repairs Needed
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,755 Sq Ft Home
  • Family Room
  • Wood Flooring
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 5
  • Assessor Parcel Number 5179013027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Fuel Expense $400
  • Insurance Expense $1,000
  • Trash Expense $450
  • Water Sewer Expense $450
  • New Taxes Expense $7,250
  • Operating Expense $11,350
  • Gross Income $38,819
  • Net Operating Income $27,469

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

7,703 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.74
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 450.00
  • Zoning: LAR2
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5179013027
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 330.48
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Laundry

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Microwave, Refrigerator, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 450.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down, Front Yard, Lawn
  • Lot Size Sq Ft: 7703.00
  • Lot Size Acres: 0.1768

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 1800.00
  • Fuel Expense: 400.00
  • Gross Income: 38819.40
  • Gross Operating Income: 38819.00
  • Gross Scheduled Income: 40020.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7703.0000 Square Feet
  • Net Operating Income: 27469.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 11350.00
  • Rent Control: Yes
  • Total Actual Rent: 1339.00
  • Total Expenses: 11350.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7250.00
  • Tax Census Tract: 2039.00
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Apr 30, 2019
Sold by
Bought by
Seller's Agent
Douglas Lee
COMPASS
Buyer's Agent
Michael Torres
On The Move Realty
List Price
$570,000
Sold Price
$580,000
Premium/Discount to List
$10,000
1.75%
Current Estimated Value
$826,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,335
Avg. Annual Appreciation
5.08%
Original Mortgage
$569,494
Outstanding Balance
$496,232
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$330,103

Purchase Details

Listed on
May 22, 2019
Closed on
Apr 16, 2019
Sold by
Bought by
Seller's Agent
Douglas Lee
COMPASS
Buyer's Agent
Michael Torres
On The Move Realty
List Price
$570,000
Sold Price
$580,000
Premium/Discount to List
$10,000
1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,494
Outstanding Balance
$496,232
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$330,103

Purchase Details

Closed on
Mar 24, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
$580,000 Chicago Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $569,494
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/23/2019 05/23/19 Sold $580,000 +1.8% $330 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $570,000 -- $325 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,030 $646,997 $452,899 $194,098
2024 $7,908 $634,312 $444,019 $190,293
2023 $7,757 $621,875 $435,313 $186,562
2022 $7,400 $609,682 $426,778 $182,904
2021 $7,305 $597,728 $418,410 $179,318
2020 $7,459 $591,600 $414,120 $177,480
2019 $898 $45,870 $25,021 $20,849
2018 $803 $44,972 $24,531 $20,441
2016 $750 $43,228 $23,579 $19,649
2015 $743 $42,579 $23,225 $19,354
2014 $761 $41,746 $22,771 $18,975
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Douglas Lee

    COMPASS

    (650) 279-1212

    2 in this area

    115 Total Sales

    Douglas Lee
    Section Image

  • M

    Seller Co-Listing Agent in 2019

    Michael Torres

    On The Move Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19084814

California Regional Multiple Listing Service (CRMLS)

APN: 5179-013-027

California Los Angeles County Los Angeles 90063 Boyle Heights

3422 E 3rd St, Los Angeles, CA

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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