Armando Arenas
GEORGE MICHAEL REALTY
(562) 454-0391
43 Total Sales
4 in East Los Angeles
$265K - $631K Price Range
3723 E 5th St Los Angeles, CA 90063
East Los Angeles AreaEstimated Value: $1,295,000 - $1,430,000
6
Beds
4
Baths
4,288
Sq Ft
$324/Sq Ft
Est. Value
Highlights
- Gated Parking
- Main Floor Bedroom
- No HOA
- Property is near public transit
- Spanish Architecture
- Double Oven
About This Home
As of August 2024What has been a family compound and cherished sanctuary for several decades now comes to market as your opportunity to own a 4-unit property in East Los Angeles. Located at 3723 East 5th Street in Los Angeles (90063) this property is ripe with opportunity. One of the most compelling features of this opportunity is its exceptional unit mix. At the heart of the apartment complex is “the owner’s unit.” The owner’s unit is a 4-bedroom, 3-bathroom unit designed to accommodate the dynamic needs of a busy household. Yet, another opportunity with the owner’s unit is the possibility of splitting this home into two units. The existing floopland should be easy to convert into a 3 bed, 1 3/4 bath owner’s unit and a 1 bedroom, 1 bathroom attached ADU. In addition to “the owner’s unit” there are an additional three units that are 2 bedrooms and 1 bathroom each. Since this property has been used as a family compound for many years 3723 East 5th Street will be delivered with the owner’s unit and a two bedroom, one bath unit vacant at the close of escrow. The versatile floorplan along with two units delivered vacant at the close of escrow make’s it clear that 3723 East 5th Street is offering you the ability to immediately generate market rent regardless of whether you live in one and rent the others or just have it be a stand-alone income opportunity. While I am speaking of income opportunities 3723 East 5th Street has a four car garage that will be delivered vacant as well. This is another area of the property where you may be able to generate additional income by renting the individual parking spots. Whether 3723 East 5th Street will be your family compound or an addition to your real estate portfolio I invite you to come and see all that this property has to offer you!
Last Agent to Sell the Property
RE/MAX INNOVATIONS Brokerage Phone: 626-825-4863 License #01279689 Listed on: 06/20/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 6,892 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- Block Wall Fence
- Brick Fence
- Chain Link Fence
- Fence is in good condition
- Rectangular Lot
- Paved or Partially Paved Lot
- Front Yard
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Electric Vehicle Home Charger
- Parking Available
- Two Garage Doors
- Garage Door Opener
- Driveway
- Gated Parking
Home Design
- Quadruplex
- Spanish Architecture
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Raised Foundation
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 4,288 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Window Screens
- Family Room
- Storage
Kitchen
- Double Oven
- Built-In Range
- Dishwasher
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Home Security
- Window Bars
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- Grab Bar In Bathroom
- No Interior Steps
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Overhead Utilities
- Natural Gas Connected
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, telephone
- Tax Lot 18
- Tax Tract Number 531
- Assessor Parcel Number 5238003022
- $1,345 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 2 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $600
- Gardener Expense $1,200
- Insurance Expense $1,700
- Trash Expense $960
- Water Sewer Expense $840
- Operating Expense $5,300
- Gross Income $43,200
- Net Operating Income $37,700
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
Jun 20, 2024
Closed on
Aug 12, 2024
Sold by
Bought by
Seller's Agent
Giuseppe Napoli
RE/MAX INNOVATIONS
Buyer's Agent
Rudy Vazquez
Coldwell Banker Envision
List Price
$1,350,000
Sold Price
$1,350,000
Views
6
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
$38,565
Avg. Annual Appreciation
1.45%
Original Mortgage
$1,300,000
Outstanding Balance
$1,274,828
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$113,737
Purchase Details
Closed on
Apr 28, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 14, 2014
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Los Angeles, CA
-
Armando Arenas
-
Emma Perez
Emma Perez
Responds QuicklyCentury 21 Cornerstone
(747) 223-6382
82 Total Sales
3 in East Los Angeles
$610K - $805K Price Range
-
Pedro Torres Jr.
Pedro Torres Jr.
First Class Platinum Brokers
(562) 392-3404
121 Total Sales
3 in East Los Angeles
$555K - $965K Price Range
-
Peggy Lim
Peggy Lim
Real Brokerage Technologies
(626) 889-5586
87 Total Sales
1 in East Los Angeles
$810,000 Price
-
Jared Nuñez
Jared Nuñez
Ambiance Realty
(562) 568-7742
146 Total Sales
1 in East Los Angeles
$1,205,000 Price
-
Liz Gonzalez
Liz Gonzalez
T.N.G. Real Estate Consultants
(562) 352-2867
50 Total Sales
2 in East Los Angeles
$510K - $2.8M Price Range
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 |
|---|---|---|---|
| $1,350,000 | Wfg National Title | ||
| -- | Old Republic Title | ||
| -- | Old Republic Title | ||
| -- | None Available |
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 | $1,300,000 | ||
| Previous Owner | $175,000 | ||
| Previous Owner | $190,000 |
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 |
|---|---|---|---|---|
| 08/19/2024 08/19/24 | Sold | $1,350,000 | 0.0% | $315 / Sq Ft |
| 07/03/2024 07/03/24 | Pending | -- | -- | -- |
| 06/20/2024 06/20/24 | For Sale | $1,350,000 | -- | $315 / 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 | $18,109 | $1,350,000 | $555,000 | $795,000 |
| 2024 | $5,778 | $377,136 | $20,397 | $356,739 |
| 2023 | $5,412 | $349,393 | $19,998 | $329,395 |
| 2022 | $4,238 | $218,672 | $19,606 | $199,066 |
| 2021 | $4,174 | $214,385 | $19,222 | $195,163 |
| 2020 | $4,189 | $212,187 | $19,025 | $193,162 |
| 2019 | $4,073 | $208,027 | $18,652 | $189,375 |
| 2018 | $3,794 | $203,949 | $18,287 | $185,662 |
| 2016 | $3,621 | $196,031 | $17,578 | $178,453 |
| 2015 | $3,574 | $193,087 | $17,314 | $175,773 |
| 2014 | $3,583 | $189,305 | $16,975 | $172,330 |
Source: Public Records
Agents Affiliated with this Home
-
Giuseppe Napoli
Seller's Agent in 2024
Giuseppe Napoli
RE/MAX
(626) 825-4863
78 Total Sales
-
Rudy Vazquez
Buyer's Agent in 2024
Rudy Vazquez
Coldwell Banker Envision
(213) 503-1708
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24105424
APN: 5238-003-022
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 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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