NOT LISTED FOR SALE

3520 Clarington Ave Los Angeles, CA 90034

Palms Neighborhood

Estimated Value: $1,825,000 - $2,411,000

9 Beds
10 Baths
4,388 Sq Ft
$471/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $1,650,000 $376 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $13,089/month

78 Days on Market

About This Home

As of September 2020

Huge Price Reduction! 5 units in prime Palms. The property consists of one (1) three-bedroom +three-bath, three (3) two-bedroom + one-bath and one (1) bachelor unit. There is no soft story retrofitting required. Great owners unit for potential owner/user. The building is approximately 4,388 square feet sitting on a lot of approximately 5,053 square feet and was built in 1963. This is a great opportunity to own and easily manage a well maintained property with potential upside value. Conveniently located on the Westside of Los Angeles in a high demand area. .Close to the neighboring communities of Culver City, Marina Del Rey, Playa Del Rey,Venice and Santa Monica. Laundry is leased with annual income of $400. There are currently 2 vacant units.

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 06/05/2020

Michael Anthony Salerno

Last Buyer's Agent

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 06/05/2020

Michael Anthony Salerno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,938

Year Built

  • Built in 1963

Lot Details

  • 5,038 Sq Ft Lot
  • Lot Dimensions are 44x114

Interior Spaces

  • 4,388 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Community Details

  • 5 Units
  • Vacancy Allowance $6,552

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 4313-009-046

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,938

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4388
  • Lot Acreage: 0.1157
  • Lot Dimensions: 44x114
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 386.28

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 41.67
  • Assessed Improvement Value: 528122
  • Assessed Land Percent: 58.33
  • Assessed Land Value: 739371
  • Total Assessed Value: 1267493
  • Assessor Parcel Number: 4313-009-046
  • Geocode Override: No
  • Lot Size Area: 5038

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.30
  • Number Of Units: 5
  • Total Annual Expense: 48479
  • Type Of Units: Flat
  • Vacancy Allow: 6552
  • Vacancy Rate: yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2021
Sold by
Shlanger Avi
Bought by
Mulyce Llc
Current Estimated Value
$2,066,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,404,000
Outstanding Balance
$1,276,671
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$671,412

Purchase Details

Closed on
Mar 12, 2021
Sold by
Shlanger Avi
Bought by
Mulyce Llc

Purchase Details

Listed on
Jun 5, 2020
Closed on
Sep 21, 2020
Sold by
Mishkind Sally and The Robert S Webb Trust
Bought by
Shlanger Avi
Seller's Agent
Michael Salerno
Michael Anthony Salerno
Buyer's Agent
Michael Salerno
Michael Anthony Salerno
List Price
$2,100,000
Sold Price
$1,650,000
Premium/Discount to List
-$450,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%

Purchase Details

Closed on
Jan 16, 2014
Sold by
Fehmel Terry M
Bought by
Webb Robert S and The Robert S Webb Trust

Purchase Details

Closed on
May 29, 2007
Sold by
T Agee Llc
Bought by
Fehmel Terry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2006
Sold by
Recasens Marta and Recasens Jaime F
Bought by
Agee Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Mulyce Llc -- Old Republic Title Company
Mulyce Llc -- North American Title
Shlanger Avi $1,650,000 North American Title Company
Webb Robert S $1,200,000 Ticor Title
Fehmel Terry M $1,399,090 North American Title Co
T Agee Llc -- North American Title Co
Agee Tim -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulyce Llc $1,404,000
Previous Owner Fehmel Terry M $1,040,000
Previous Owner Agee Tim $760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2020 09/23/20 Sold $1,650,000 -2.7% $376 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/20/2020 08/20/20 Price Changed $1,695,000 -15.0% $386 / Sq Ft
08/03/2020 08/03/20 Price Changed $1,995,000 -5.0% $455 / Sq Ft
06/05/2020 06/05/20 For Sale $2,100,000 -- $479 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $21,938 $1,786,012 $1,082,432 $703,580
2024 $21,938 $1,750,993 $1,061,208 $689,785
2023 $21,525 $1,716,660 $1,040,400 $676,260
2022 $20,547 $1,683,000 $1,020,000 $663,000
2021 $20,286 $1,650,000 $1,000,000 $650,000
2020 $17,033 $1,345,411 $784,625 $560,786
2019 $16,376 $1,319,038 $769,241 $549,797
2018 $16,268 $1,293,182 $754,158 $539,024
2016 $15,504 $1,242,641 $724,874 $517,767
2015 $15,284 $1,223,976 $713,986 $509,990
2014 $19,359 $1,529,014 $1,092,935 $436,079
Source: Public Records

Agents Affiliated with this Home

  • Michael Salerno

    Seller's Agent in 2020

    Michael Salerno

    Michael Anthony Salerno

    (310) 202-9166

    5 in this area

    32 Total Sales

    Michael Salerno
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Map

Source: The MLS

MLS Number: 20-587956

The MLS

APN: 4313-009-046

California Los Angeles County Los Angeles 90034 Palms

3520 Clarington Ave, Los Angeles, CA

This home is located at 3520 Clarington Ave, Los Angeles, CA 90034 since 05 June 2020 and is currently estimated at $2,066,885, approximately $471 per square foot. This property was built in 1963. 3520 Clarington Ave is a home located in Los Angeles County with nearby schools including Palms Elementary School, Palms Middle School, and Alexander Hamilton Senior High School.

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