NOT LISTED FOR SALE

3715 E 3rd St Los Angeles, CA 90063

Estimated Value: $778,000 - $881,000

4 Beds
2 Baths
1,377 Sq Ft
$598/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $460,000 $334 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,934/month

14 Days on Market

Highlights

  • Property is near public transit
  • 5-minute walk to Indiana
  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • Cooling System Mounted To A Wall/Window
  • No Heating

About This Home

As of March 2017

No Rent Control. Live in one rent the other. Sharp two detached houses on a lot. Pride of ownership. Room for multiple vehicle parking on lot. Fenced yard. Steps to Metrolink. Convenient access to freeways and downtown LA. Front unit has small room used as third bedroom.

Last Agent to Sell the Property

Mike Berge

BERGE COMPANY License #00889827 Listed on: 12/21/2016

Co-Listed By

Thomas O Berge

BERGE COMPANY License #00167110

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,501

Year Built

  • Built in 1904

Lot Details

  • 5,830 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Interior Spaces

  • 1,377 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 22 / 29
  • Assessor Parcel Number 5232017021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $900
  • Insurance Expense $700
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $7,500
  • Operating Expense $12,000
  • Gross Income $14,400
  • Net Operating Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,501

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1000.00
  • Zoning: LCC3*
  • Property Type: Residential Income
  • Parcel Number: 5232017021
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Price Per Square Foot: 334.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 1000.00
  • Water Source: Other
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Near Public Transit
  • Lot Size Sq Ft: 5830.00
  • Lot Size Acres: 0.1338

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 900.00
  • Gross Income: 14400.00
  • Gross Scheduled Income: 14400.00
  • Insurance Expense: 700.00
  • Lot Size Area: 5830.0000 Square Feet
  • Net Operating Income: 2400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 12000.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Block: 29
  • Tax Census Tract: 5311.01
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2016
Closed on
Jan 5, 2017
Sold by
Ceja Pablo and Ceja Esperanza
Bought by
Licea Maria and Licea Stephanie
Seller's Agent
Mike Berge
BERGE COMPANY
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%
Current Estimated Value
$823,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,369
Avg. Annual Appreciation
6.95%
Original Mortgage
$451,668
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 1998
Sold by
Bankers Trust Company Of California Na
Bought by
Ceja Pablo and Ceja Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,479
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 17, 1998
Sold by
Share Alan and Southern Pacific Secured Asset
Bought by
Southern Pacific Secured Assets Corp Mtg

Purchase Details

Closed on
Oct 15, 1993
Sold by
Sloan Victor L
Bought by
Share Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
6.74%
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
Licea Maria $460,000 None Available
Ceja Pablo $137,000 Fidelity National Title Ins
Southern Pacific Secured Assets Corp Mtg $96,700 Fidelity National Title Ins
Share Alan $130,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Licea Maria $451,668
Previous Owner Ceja Pablo $134,479
Previous Owner Share Alan $78,000
Closed Share Alan $45,483
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $460,000 -7.8% $334 / Sq Ft
01/04/2017 01/04/17 Pending -- -- --
12/21/2016 12/21/16 For Sale $499,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,501 $533,862 $320,318 $213,544
2024 $7,501 $523,395 $314,038 $209,357
2023 $7,208 $513,133 $307,881 $205,252
2022 $6,881 $503,073 $301,845 $201,228
2021 $6,804 $493,210 $295,927 $197,283
2020 $6,854 $488,154 $292,893 $195,261
2019 $6,603 $478,583 $287,150 $191,433
2018 $6,478 $469,200 $281,520 $187,680
2016 $3,674 $241,011 $144,608 $96,403
2015 $3,621 $237,391 $142,436 $94,955
2014 $3,625 $232,741 $139,646 $93,095
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mike Berge

    BERGE COMPANY

    (626) 282-1149

    8 Total Sales

    Mike Berge
    Section Image

  • T

    Seller Co-Listing Agent in 2017

    Thomas O Berge

    BERGE COMPANY

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16765913

California Regional Multiple Listing Service (CRMLS)

APN: 5232-017-021

California Los Angeles County Los Angeles 90063

3715 E 3rd St, Los Angeles, CA

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