1507 3Rd Ave Los Angeles, CA 90019

$1,800,000 Sold Price as of 09/05/2019

8 Beds
8 Baths
4,301 Sq.Ft.

Off Market

$1,800,000 Sold Price as of 09/05/2019 Refinance Your Mortgage

Map preview of 1507 3Rd Ave, Los Angeles, CA 90019

Property Overview: 1507 3Rd Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,301 living square feet and 7,004 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1507 3Rd Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1507 3Rd Ave

Last sold for $1,800,000 on September 5th, 2019

September, 2019
Sep 5, 2019

Date

Sold (Public Records)

Public Records

$1,800,000

Price
June, 2019
Jun 21, 2019

Date

Canceled

CRMLS: 19450524

$1,850,000

Price
May 22, 2019

Date

Price Change

CRMLS: 19450524

$1,850,000

Price
Apr 16, 2019

Date

Price Change

CRMLS: 19450524

$2,000,000

Price
Apr 2, 2019

Date

Active

CRMLS: 19450524

$2,100,000

Price
Listing provided courtesy of CRMLS

I am pleased to offer for sale an eight-unit (seven plus one non-conforming) apartment community located at 1507 3rd Avenue. Consisting of one building on a 7,004 square foot parcel, the property comprises entirely of two studios, four one-bedroom units, and two two-bedroom units. Current Ownership has extensively renovated five of the eight units at the property including adding stainless appliances, new flooring and upgraded kitchens and bathrooms. Additionally, the common area has been improved with new exterior paint and landscaping upgrades. Due to its 1960 construction, the property is subject to Los Angeles rent control statutes. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the additional three units and achieve superior future returns moving forward make 1507 3rd Avenue and excellent acquisition opportunity.

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November, 2017
Nov 8, 2017

Date

Sold

CRMLS: 17250098

$1,375,000

Price
Oct 28, 2017

Date

Pending

CRMLS: 17250098

$1,459,999

Price
Jul 11, 2017

Date

Active

CRMLS: 17250098

$1,459,999

Price
Listing provided courtesy of CRMLS

GREAT OPPORTUNITY FOR INVESTMENT PROPERTY.FULLY TENANTS OCCUPIED. VERY WELL MAINTENANCE BUILDING BY OWNER.TITLE SHOW 7 UNIT APARTMENT BUT BUILDING & SAFE RECORD 6 UNIT. Two Single Unit are non-conforming unit. BUYER AND BUYER'S AGENT VERIFIED ALL INFORMATION.HIGH DEMAND RENTAL AREA.LONG TERM TENANT UP TO 30% RENT INCREASE POTENTIAL. DO NOT DISTURBED TENANTS. DRIVE BY ONLY SUBJECT TO INSPECTION AFTER ACCEPTED OFFER.Agent Remarks : BUYER AND BUYER'S AGENT TO DO THERE OWN INVESTIGATIONABOUT UNIT COUNT AND OTHER ASPECTS.

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November, 2017
Nov 7, 2017

Date

Sold (Public Records)

Public Records

$1,375,000

Price

Tax History for 1507 3Rd Ave

Assessed Value (2020): $1,800,540

Year	Land Value	Improved Value	Assessed Value
2020	$1,200,000	$600,540	$1,800,540

About 1507 3Rd Ave

Detailed summary of property

1507 3Rd Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90019 and last sold on September 5, 2019 for $1,800,000. This property has 8 bedrooms, 8 bathrooms, roughly 4,301 living square feet, and sits on an approximately 7,004 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 60.71% higher than the current median priced home. 1507 3Rd Ave was last sold on September 5, 2019 for $1,800,000. Local nearby listings include 1023 S Wilton Pl, 1023 S Wilton Pl and 1722 Crenshaw Blvd. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 1507 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 1507 3Rd Ave

Public county record property details

Beds: 8
Baths: 8
Year built: 1960
Sq. Ft.: 4,301
Lot Size: 7,004
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 5072-027-002

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

$1,459,000

Median List Price/Sq.Ft.

$707

Median Sold Price

$1,277,500

Median Sold Price/Sq.Ft.

$715

Total Inventory

Median Sale to List Price %

98.65%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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