1111 3Rd Ave, Los Angeles, CA 90019
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1111 3Rd Ave Los Angeles, CA 90019

$2,400,000
  • 9 Beds
  • 9 Baths
  • 4,262 Sq.Ft.
For Sale
$2,400,000 Get Pre-Qualified

Map preview of 1111 3Rd Ave, Los Angeles, CA 90019

Property Overview: 1111 3Rd Ave Los Angeles, CA has 9 bedrooms, 9 bathrooms, 4,262 living square feet and 7,916 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This exquisitely renovated duplex, located on a picturesque palm tree-lined street in Country Club Park, would make the Great Gatsby proud. Lovingly and painstakingly restored to its Roaring '20s glory, over a million dollars and countless hours of sweat equity have been invested by the owners to bring this property back to life. Every inch of this home has been meticulously refurbished.The front yard boasts extensive cast-in-place concrete walls and steps, complemented by lush landscaping. Restored original oversized wooden entry doors lead to the home within. The expansive living room features a carefully restored Batchelder fireplace and wedding cake molding. Bathrooms and kitchens were taken down to the studs and updated with copper plumbing and comprehensive electrical rewiring and were renovated with the best of materials appropriate for the period. Numerous windows were either meticulously repaired or new ones were custom-made to match the original. Three sets of nine-pane glass French doors, stripped of paint and refinished, grace the living, dining, and office areas. Each floor's primary suite includes new construction, featuring a primary bathroom suite and closet addition. There is also a second suite on each floor. The chimney was rebuilt.An additional finished attic of approximately 484 square feet is not included in the assessor's figure and offers endless possibilities with split-system air conditioning and wood floors. The roof deck provides stunning views of Los Angeles and the Hollywood sign. The property also includes separate updated water, gas, and electrical meters, as well as a basement with a modernized furnace.An automatic custom wrought iron gate leads to a private backyard oasis, surrounded by mature trees and a blue stone patio with additional lush landscaping. A slate-style tile roof connects to copper rain gutters and downspouts. This HPOZ award-winning property boasts an impressive Walk Score of 83. Most importantly, owning this beautifully updated jewel box offers invaluable peace of mind for the privileged landlord.

Listed by David Lao | BRE #00991605 | Berkshire Hathaway HomeServices California Properties
Co-listed by Pei Chang | BRE #01324106 | Berkshire Hathaway HomeServices California Properties
Last checked: 56 seconds ago | Last updated: June 7th, 2024 | Source CRMLS | DOM: 34
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Home details

Lot Sq. Ft
7,916
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24395939
City
Los Angeles
County
Los Angeles
Time on Site
38 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,517
  • Total Rent: $5,517
  • Pro Forma/Market Rent: $5,517
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,872
  • Total Rent: $4,872
  • Pro Forma/Market Rent: $4,872
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20
  • Gross Scheduled Income: --
  • Net Operating Income: $100,294
  • Gross Operating Income: $119,784
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $8,875
  • Insurance: $1,126
  • Maintenance: $9,489

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Property Details for 1111 3Rd Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Wood, Tile
  • Attic, Basement, Entry, Office, Living Room, Two Primaries
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Gas Range, Range Hood
Interior Features
  • 2 Staircases, Crown Molding
  • Levels: Two
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: French Doors
Exterior Features
Exterior Information
  • Roof: Slate
  • Rain Gutters
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Porte-Cochere, Concrete, Garage Door Opener
Lot Information
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights, Landmark
  • Total # of Units: 2
  • Parcel Number: 5081015001
  • Year Built Source: Assessor
  • Architectural Style: French
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled, Additions/Alterations
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Country Club Park
  • Directions: On 3rd between W. Olympic Blvd and W. Pico Blvd. Two blocks west of Arlington Ave.
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Sale History for 1111 3Rd Ave

Last leased for $4,500 on June 26th, 2018
  • May, 2024

  • May 25, 2024

    Date

    Active

    CRMLS: 24395939

    $2,400,000

    Price

  • June, 2018

  • Jun 29, 2018

    Date

    Leased

    CRMLS: 18356794

    $4,500

    Price

  • Jun 20, 2018

    Date

    Active

    CRMLS: 18356794

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    For the most discriminating client.13 month meticulous, obsessive restoration of an extraordinary 1923 English style duplex. Downstairs unit, with 3 bedroom/3 bath in 2200 sqft of perfection, with all new systems, new central heat/AC, new bathrooms and a new kitchen. Stunning Batchelder fireplace and wedding cake moulding in the large comfortable living room. Formal Dining Room. Wonderful kitchen with new GE Café Appliances. Quiet, serene Master Suite with new bathroom and 2 walk-in closets with shelving system. Lovely window treatment. Outside, your own 2-Car Garage with plenty of storage, and a tree-shaded patio for outdoor entertaining.You will fall hard for this breathtaking home. There is absolutely nothing on the market like this.

  • May, 2017

  • May 5, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,230,000

    Price

  • August, 2016

  • Aug 26, 2016

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

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Tax History for 1111 3Rd Ave

Assessed Value (2020): $1,394,720
Year Land Value Improved Value Assessed Value
2020 $912,638 $482,082 $1,394,720

Home Value Compared to the Market

This property vs the competition

1111 3Rd Ave is listed 94.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $563.12 per/sqft which puts the price per square foot 27.34% lower than the median price per square foot for the city of Los Angeles.

About 1111 3Rd Ave

Detailed summary of property

1111 3Rd Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 9 bedrooms, 9 bathrooms, roughly 4,262 living square feet, and sits on an approximately 7,916 square foot lot. 1111 3Rd Ave was first listed on ArdentRealEstateGroup.com on May 26, 2024. The homeowner is currently asking $2,400,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 94.17% higher than the median priced home. Local competing homes currently for sale include 838 S Gramercy Pl, 2422 Venice Blvd and 1630 S Gramercy Pl. While the average home in Los Angeles, CA is selling in 99 days, 1111 3Rd Ave has a days on market of 34 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1111 3Rd Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1111 3Rd Ave

Public county record property details
Beds
7
Baths
6
Year built
1923
Sq. Ft.
4,262
Lot Size
7,915
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21,A
APN
5081-015-001

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
79
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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Related Resources to 1111 3Rd Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.