NOT LISTED FOR SALE

3727 E Olympic Blvd Los Angeles, CA 90023

Boyle Heights Neighborhood

Estimated Value: $840,847

4 Beds
4 Baths
3,508 Sq Ft
$240/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $523,000 $149 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,036/month

24 Days on Market

About This Home

As of October 2016

Excellent Investment Opportunity! 15 minutes from USC, lots of potential for future growth. This is a Mix-use 4 Unit Residential Families and One Street-Front Retail. Separate electric and gas meters. Each unit have separate washer/dryer hook-up.*Buyer to verify units and sq.ft.*

Last Agent to Sell the Property

Danny Hy

Pinnacle Real Estate Group License #01917877 Listed on: 09/09/2016

Pinnacle Real Estate Group

Last Buyer's Agent

Charles Lee

Dynasty Enterprise Group License #01363144

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 4,353 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,508 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 159
  • Tax Tract Number 941
  • Assessor Parcel Number 5191004001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 4 Leased Units
  • Electric Expense $860
  • Insurance Expense $1,080
  • Trash Expense $680
  • Water Sewer Expense $2,960
  • Net Operating Income $43,672

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2960.00
  • Property Type: Residential Income
  • Parcel Number: 5191004001
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 149.09

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 680.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4353.00
  • Price Per Lot Square Foot: 126.35

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 860.00
  • Gross Scheduled Income: 49272.00
  • Insurance Expense: 1080.00
  • Net Operating Income: 43672.00
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 5600.00
  • Rent Control: No
  • Total Actual Rent: 4096.00

Tax Info

  • Tax Lot: 159
  • Tax Tract Number: 941
  • Tax Annual Amount: 1.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2024
Sold by
Teracomm Inc
Bought by
Guangming Real Estate Investments Llc
Current Estimated Value
$840,847

Purchase Details

Listed on
Sep 9, 2016
Closed on
Oct 18, 2016
Sold by
First B5 Llc
Bought by
Teracomm Inc
Seller's Agent
Danny Hy
Pinnacle Real Estate Group
Buyer's Agent
Charles Lee
Dynasty Enterprise Group
List Price
$550,000
Sold Price
$523,000
Premium/Discount to List
-$27,000
-4.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%

Purchase Details

Closed on
Jan 26, 2015
Sold by
Hung Che Buy and Hung Wun Ha
Bought by
First B5 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 18, 1996
Sold by
Hung Che B and Hung Wun H
Bought by
Hung Che Buy and Hung Wun Ha
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Guangming Real Estate Investments Llc -- None Listed On Document
Teracomm Inc $523,000 Ticor Title Co
First B5 Llc $410,000 Ticor Title Company
Hung Che Buy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner First B5 Llc $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2016 10/20/16 Sold $523,000 -4.9% $149 / Sq Ft
09/09/2016 09/09/16 For Sale $550,000 -- $157 / 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 $7,726 $1,122,000 $612,000 $510,000
2024 $7,726 $595,082 $443,752 $151,330
2023 $7,585 $583,414 $435,051 $148,363
2022 $7,246 $571,975 $426,521 $145,454
2021 $7,143 $560,760 $418,158 $142,602
2020 $7,208 $555,011 $413,871 $141,140
2019 $6,937 $544,129 $405,756 $138,373
2018 $6,827 $533,460 $397,800 $135,660
2016 $6,803 $538,082 $269,041 $269,041
2015 $4,952 $382,680 $191,340 $191,340
2014 $4,975 $375,184 $187,592 $187,592
Source: Public Records

Agents Affiliated with this Home

  • Danny Hy

    Seller's Agent in 2016

    Danny Hy

    Pinnacle Real Estate Group

    (626) 831-2709

    55 Total Sales

    Danny Hy
    Section Image
  • Charles Lee

    Buyer's Agent in 2016

    Charles Lee

    Dynasty Enterprise Group

    (949) 232-0828

    7 Total Sales

    Charles Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16199114

California Regional Multiple Listing Service (CRMLS)

APN: 5191-004-001

California Los Angeles County Los Angeles 90023 Boyle Heights

3727 E Olympic Blvd, Los Angeles, CA

Not Listed for Sale

MultiFamily

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