NOT LISTED FOR SALE

3570 Eagle Rock Blvd Los Angeles, CA 90065

Glassell Park Neighborhood

Estimated Value: $1,374,000 - $1,804,000

11 Beds
7 Baths
4,302 Sq Ft
$383/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $1,500,000 $349 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,486/month

101 Days on Market

Highlights

  • Gated Parking
  • Tandem Parking
  • Laundry Room
  • Eagle Rock High School Rated A

About This Home

As of October 2022

We are pleased to present for sale this extremely rare multi-family building in prime Glassell Park that will be delivered 100% VACANT. First time offered for sale since it's construction in the 60's, 3570 Eagle Rock Blvd is strategically located on one of the city's main thoroughfares and minutes to boutique shops, cafe's, restaurants, bars, and entertainment. The subject is currently operating as a (5) unit building built in 1964/1965. The property boasts a strong unit mix of (1) 2 Bedroom & 1.5 Bath Town-Home Unit, (2) 1 Bedroom & 1 Bathroom Units, (1) 2 Bedroom & 1 Bathroom Unit, and (1) 5 Bedroom & 3 Bath Unit and after renovations, will boast a Cap Rate of 7.90% & Cash-on-Cash Return of 10.40% with 30% down. A total square footage of 4,302 SF, situated on a lot size of 7,850 SF with (6) tandem parking spaces & (2) Garage Spaces & (1) Laundry Room and Zoned RD1.5-1-CDO. The property is conveniently nestled between LA's most eclectic neighborhoods of Eagle Rock, Highland Park, Atwater Village, Glendale, Frogtown and minutes to Silver Lake and Echo Park. Disclosure: Property is operating as a 5 Unit Building. ZIMAS indicates 4 Units total. There are total of 2 gas meters & 3 electric meters. The Certificate of Occupancy Shows as 3 Units. Listing agents and broker do not make any representations to the legal count of units. Buyer to conduct any/all due diligence including but not limited to the legal unit count, square footage, lot square footage, zoning, market rents, and the ability to construct an ADU.

Last Agent to Sell the Property

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 07/05/2022

Remax Commercial and Investment Realty

Co-Listed By

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570

Last Buyer's Agent

Sang Nam

One Plus Investment License #01733095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,982

Year Built

  • Built in 1965

Lot Details

  • 7,850

Home Design

  • 4,302 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Parking Spaces
  • Tandem Parking
  • Driveway
  • Gated Parking
  • Uncovered Parking

Additional Features

  • Laundry Room
  • 7,850 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 5457-027-027

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,982

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4302
  • Lot Acreage: 0.1802
  • Year Built: 1965
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 11
  • Laundry: In Unit, Laundry Area
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 380.75

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car, Gated, Tandem, Driveway, Uncovered
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 76.59
  • Assessed Improvement Value: 103935
  • Assessed Land Percent: 23.41
  • Assessed Land Value: 31768
  • Total Assessed Value: 135703
  • Assessor Parcel Number: 5457-027-027
  • Lot Size Area: 7850

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 9.41
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 39318
  • Type Of Units: Investment
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2023
Sold by
3570 Eagle Rock Llc
Bought by
Han Jeong Wook and Park Young Yi
Current Estimated Value
$1,646,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,081,955
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$564,927

Purchase Details

Listed on
Jul 5, 2022
Closed on
Oct 14, 2022
Sold by
Naples Carolyn F
Bought by
3570 Eagle Rock Llc
Seller's Agent
Eric Dilanian
Remax Commercial and Investment Realty
Buyer's Agent
Sang Nam
One Plus Investment
List Price
$1,800,000
Sold Price
$1,500,000
Premium/Discount to List
-$300,000
-16.67%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.31%

Purchase Details

Listed on
Jul 5, 2022
Closed on
Aug 23, 2022
Sold by
Naples Dana
Bought by
Naples Michael L
Seller's Agent
Eric Dilanian
Remax Commercial and Investment Realty
Buyer's Agent
Sang Nam
One Plus Investment
List Price
$1,800,000
Sold Price
$1,500,000
Premium/Discount to List
-$300,000
-16.67%
Views
10
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Han Jeong Wook -- Provident Title Company
3570 Eagle Rock Llc $1,500,000 Chicago Title
Naples Michael L -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Han Jeong Wook $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $1,500,000 -8.4% $349 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
09/28/2022 09/28/22 Price Changed $1,638,000 -9.0% $381 / Sq Ft
09/12/2022 09/12/22 For Sale $1,800,000 0.0% $418 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $1,800,000 -- $418 / 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 $18,982 $1,570,800 $1,101,600 $469,200
2024 $18,982 $1,530,000 $1,071,000 $459,000
2023 $18,618 $1,500,000 $1,050,000 $450,000
2022 $2,231 $138,416 $32,403 $106,013
2021 $2,098 $135,703 $31,768 $103,935
2020 $2,107 $134,313 $31,443 $102,870
2019 $2,044 $131,680 $30,827 $100,853
2018 $1,904 $129,099 $30,223 $98,876
2016 $1,771 $124,088 $29,050 $95,038
2015 $1,749 $122,225 $28,614 $93,611
2014 $1,782 $119,832 $28,054 $91,778
Source: Public Records

Agents Affiliated with this Home

  • Eric Dilanian

    Seller's Agent in 2022

    Eric Dilanian

    RE/MAX

    (213) 233-4379

    6 in this area

    42 Total Sales

    Eric Dilanian
    Section Image
  • Shant Sherbetdjian

    Seller Co-Listing Agent in 2022

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    1 in this area

    56 Total Sales

    Shant Sherbetdjian
    Section Image

  • S

    Buyer's Agent in 2022

    Sang Nam

    One Plus Investment

    (213) 478-0988

    1 in this area

    3 Total Sales

    Sang Nam
    Section Image
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Map

Source: The MLS

MLS Number: 22-175073

The MLS

APN: 5457-027-027

California Los Angeles County Los Angeles 90065 Glassell Park

3570 Eagle Rock Blvd, Los Angeles, CA

This home is located at 3570 Eagle Rock Blvd, Los Angeles, CA 90065 since 05 July 2022 and is currently estimated at $1,646,881, approximately $382 per square foot. This property was built in 1965. 3570 Eagle Rock Blvd 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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