NOT LISTED FOR SALE

3727 S La Salle Ave Los Angeles, CA 90018

Exposition Park Neighborhood

Estimated Value: $992,000 - $1,283,000

8 Beds
3 Baths
2,221 Sq Ft
$531/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $1,215,000 $547 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,696/month

68 Days on Market

Highlights

  • Ceiling Fan
  • 6 Car Garage
  • 1-Story Property

About This Home

As of August 2022

Price improvement. Looking for a cash flow positive property in LA? Here it is! This legal triplex is zoned R2 on huge 7400+sqft lot for future development potential. Total of 8BD + 3BA. Remodeled in 2016. Gross Income $89,310. Actual expenses (gardener $720, insurance $3817, HCIDLA $320, plus annual taxes) $19,377. NOI $69,933. GRM 13.44. Cap Rate 5.80%. Unit #3733 (3BD+1BA) rented at $2350/month. Unit #3727 rented at $2472/month (2BD+1BA) may be delivered vacant. Unit #3735 rented at $2420.50/month (3BD+1BA). Garage rented for additional $200/month. Tenants pay all utilities. Super low expenses. Close to Expo Line, USC and West Adams. This will not last!

Last Agent to Sell the Property

Andrew Watkins

Century 21 Masters License #01478668 Listed on: 04/20/2022

Century 21 Masters

Last Buyer's Agent

Feven Belay

License #01899406

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,336

Year Built

  • Built in 1922

Lot Details

  • 7,437

Interior Spaces

  • 2,221 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Car Garage
  • 6 Open Parking Spaces
  • 2 Carport Spaces
  • Driveway

Additional Features

  • 7,437 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water, trash collection
  • The owner pays for gardener
  • Assessor Parcel Number 5041-033-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,336

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Price improvement. Looking for a cash flow positive property in LA? Here it is! This legal triplex is zoned R2 on huge 7400+sqft lot for future development potential. Total of 8BD + 3BA. Remodeled in 2016. Gross Income $89,310. Actual expenses (gardener $720, insurance $3817, HCIDLA $320, plus annual taxes) $19,377. NOI $69,933. GRM 13.44. Cap Rate 5.80%. Unit #3733 (3BD+1BA) can be delivered vacant or with rental applications at $2350/month. Unit #3727 rented at $2472/month (2BD+1BA) may also be delivered vacant. Unit #3735 rented at $2420.50/month (3BD+1BA). Garage rented for additional $200/month - will be delivered vacant upon sale. Tenants pay all utilities. Super low expenses. Close to Expo Line, USC and West Adams. This will not last!
  • Building Permit: Yes
  • Living Area: 2221
  • Lot Acreage: 0.1707
  • Probate: No
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 3.00
  • Equipment: Garbage Disposal, Dishwasher, Refrigerator, Range/Oven, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 540.30

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Carport Spaces: 2
  • Other Spaces: 6
  • Garage Structures: 1
  • Parking Garage: Driveway, Carport, Garage
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 29.63
  • Assessed Improvement Value: 210235
  • Assessed Land Percent: 70.37
  • Assessed Land Value: 499309
  • Total Assessed Value: 709544
  • Assessor Parcel Number: 5041-033-022
  • Lot Size Area: 7437

Rental Info

  • Garage Rental Rate: 200
  • Owner Pays: Gardener
  • Tenant Pays: Cable TV, Electricity, Gas, Water, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.44
  • Number Of Units: 3
  • Total Annual Expense: 19377
  • Type Of Units: 3
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2022
Closed on
Jul 29, 2022
Sold by
Highbury Holdings Llc
Bought by
Jenkins Michael
Seller's Agent
Andrew Watkins
Century 21 Masters
Buyer's Agent
Feven Belay
List Price
$1,199,999
Sold Price
$1,215,000
Premium/Discount to List
$15,001
1.25%
Total Days on Market
68
Current Estimated Value
$1,180,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,839
Avg. Annual Appreciation
-0.64%
Original Mortgage
$972,000
Outstanding Balance
$934,802
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$256,247

Purchase Details

Closed on
Apr 23, 2018
Sold by
Dogtown Investments Llc
Bought by
Highbury Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2018
Sold by
Dogtown Investments Llc
Bought by
Highbury Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2016
Sold by
Kelso Llc
Bought by
Dogtown Investments Llc

Purchase Details

Closed on
Apr 7, 2016
Sold by
Gibson James Mark and Gibson Evelyn Porter
Bought by
Kelso Llc
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
Jenkins Michael $1,215,000 Endpoint Title
Highbury Holdings Llc -- Bnt Title Company Of Califor
Highbury Holdings Llc -- None Available
Dogtown Investments Llc $250,000 Lawyers Title
Kelso Llc $250,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jenkins Michael $972,000
Previous Owner Highbury Holdings Llc $700,000
Previous Owner Highbury Holdings Llc $700,000
Closed Jenkins Michael $121,378
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $1,215,000 +1.3% $547 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/15/2022 06/15/22 Price Changed $1,199,999 0.0% $540 / Sq Ft
06/15/2022 06/15/22 For Sale $1,199,999 -4.8% $540 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/06/2022 05/06/22 Price Changed $1,260,000 -6.7% $567 / Sq Ft
04/20/2022 04/20/22 For Sale $1,350,000 -- $608 / 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 $15,336 $1,264,086 $832,320 $431,766
2024 $15,336 $1,239,300 $816,000 $423,300
2023 $15,045 $1,215,000 $800,000 $415,000
2022 $8,906 $723,734 $509,295 $214,439
2021 $8,789 $709,544 $499,309 $210,235
2020 $8,876 $702,270 $494,190 $208,080
2019 $6,056 $477,543 $286,526 $191,017
2018 $5,952 $468,180 $280,908 $187,272
2016 $954 $53,292 $25,726 $27,566
2015 $945 $52,492 $25,340 $27,152
2014 $972 $51,465 $24,844 $26,621
Source: Public Records

Agents Affiliated with this Home

  • Andrew Watkins

    Seller's Agent in 2022

    Andrew Watkins

    Century 21 Masters

    (310) 383-6239

    1 in this area

    57 Total Sales

    Andrew Watkins
    Section Image

  • F

    Buyer's Agent in 2022

    Feven Belay

    (310) 447-4724

    1 in this area

    15 Total Sales

    Feven Belay
    Section Image
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Map

Source: The MLS

MLS Number: 22-142107

The MLS

APN: 5041-033-022

California Los Angeles County Los Angeles 90018 Exposition Park

3727 S La Salle Ave, Los Angeles, CA

This home is located at 3727 S La Salle Ave, Los Angeles, CA 90018 since 20 April 2022 and is currently estimated at $1,180,161, approximately $531 per square foot. This property was built in 1922. 3727 S La Salle Ave is a home located in Los Angeles County with nearby schools including Birdielee V. Bright Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

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