H
Seller's Agent in 2022
H. HENRY GALLEGO
EXCELLENCE RE REAL ESTATE
(909) 590-8853
1 in this area
4 Total Sales
3501 E 3rd Place Los Angeles, CA 90063
Boyle Heights NeighborhoodEstimated Value: $987,488
8
Beds
4
Baths
2,747
Sq Ft
$359/Sq Ft
Est. Value
Highlights
- Detached Guest House
- 3-minute walk to Indiana
- Corner Lot
- Fireplace in Kitchen
- Contemporary Architecture
- No HOA
About This Home
As of June 2022PERFECT SETTING FOR OWNER/LANDLORD....This property consists of 3 units and one house on same lot. 3501 is a downstairs unit with 2 Bd and 1 Bath; 3501 1/2 is also a 2 Bd and 1 Bath; 3503 is converted to a studio with it's own kitchen, bathroom and separate sleeping area; it can also be converted back into an office since it is zoned as Office/Commercial/Residential. Around the corner, on the same lot, there is a standalone 3 Bd and 1 Bath house; the address is 326 S. Velasco St. This property is located one block from the DTLA and Gold Line system; 5 minutes from KECK Hospital; 10 minutes from downtown Los Angeles and two blocks from Freeways 60, 101, 5, 10, 110 and 710. It is close to parks, grocery stores, and local eateries; it is a very desirable location for tenants. Buyer will have to perform its due diligence, investigate property thoroughly and accept the property with its current rents, tenants. Subject to inspection.
Last Agent to Sell the Property
EXCELLENCE RE REAL ESTATE License #01153907 Listed on: 03/14/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,160
Year Built
- Built in 1961
Lot Details
- 5,079 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- No Landscaping
- Corner Lot
- Density is up to 1 Unit/Acre
Home Design
- Contemporary Architecture
- Major Repairs Completed
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,747 Sq Ft Home
- 2-Story Property
- Electric Fireplace
- Gas Fireplace
- Window Screens
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
- Gas Water Heater
- TV Antenna
Additional Features
- Detached Guest House
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection, water
- Legal Lot and Block 22 / F
- Tax Tract Number 2039
- Assessor Parcel Number 5179014055
- $469 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $56,055
- Net Operating Income $35,274
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2022
Closed on
May 20, 2022
Sold by
Delia Rodriguez
Bought by
Alvarado Eddie G
Seller's Agent
H. HENRY GALLEGO
EXCELLENCE RE REAL ESTATE
Buyer's Agent
Esmeralda Sandoval
New Venture Realty
List Price
$991,800
Sold Price
$940,000
Premium/Discount to List
-$51,800
-5.22%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,488
Avg. Annual Appreciation
1.38%
Original Mortgage
$657,000
Outstanding Balance
$624,414
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$361,977
Purchase Details
Closed on
Feb 5, 2003
Sold by
Avitia Gilberto
Bought by
Rodriguez Delia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.89%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 12, 2001
Sold by
Diaz Lupe M and The Lupe M Diaz Living Trust
Bought by
Rodriguez Delia and Avitia Gilberto
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7.09%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alvarado Eddie G | $940,000 | New Title Company Name | |
| Rodriguez Delia | -- | First American Title Co | |
| Rodriguez Delia | $225,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alvarado Eddie G | $657,000 | |
| Previous Owner | Rodriguez Delia | $220,000 | |
| Previous Owner | Rodriguez Delia | $213,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/29/2022 06/29/22 | Sold | $940,000 | -5.2% | $342 / Sq Ft |
| 03/14/2022 03/14/22 | For Sale | $991,800 | -- | $361 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $12,230 | $997,534 | $636,724 | $360,810 |
| 2024 | $12,230 | $977,976 | $624,240 | $353,736 |
| 2023 | $11,997 | $958,800 | $612,000 | $346,800 |
| 2022 | $4,224 | $320,367 | $106,784 | $213,583 |
| 2021 | $4,160 | $314,087 | $104,691 | $209,396 |
| 2020 | $4,195 | $310,867 | $103,618 | $207,249 |
| 2019 | $4,043 | $304,773 | $101,587 | $203,186 |
| 2018 | $3,917 | $298,798 | $99,596 | $199,202 |
| 2016 | $3,721 | $287,198 | $95,730 | $191,468 |
| 2015 | $3,670 | $282,885 | $94,293 | $188,592 |
| 2014 | $3,689 | $277,344 | $92,446 | $184,898 |
Source: Public Records
Agents Affiliated with this Home
-
H. HENRY GALLEGO
-
Esmeralda Sandoval
E
Buyer's Agent in 2022
Esmeralda Sandoval
New Venture Realty
(951) 394-3170
1 in this area
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22049933
APN: 5179-014-055
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