2018 E 3Rd St, Los Angeles, CA 90033
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2018 E 3Rd St Los Angeles, CA 90033

$1,400,000 Sold Price as of 09/09/2022
  • 9 Beds
  • 7 Baths
  • 5,574 Sq.Ft.
Sold
$1,400,000 Sold Price as of 09/09/2022 Refinance Your Mortgage

Map preview of 2018 E 3Rd St, Los Angeles, CA 90033

Property Overview: 2018 E 3Rd St Los Angeles, CA has 9 bedrooms, 7 bathrooms, 5,574 living square feet and 6,303 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investment Highlights • Prime 7-unit Value-Add opportunity located in Boyle Heights near retail corridors on East Cesar E. Chavez Avenue and Soto Street in very close proximity to the 5, 10, 60, and 101 Freeways. • Strong scheduled CAP Rate of Approx. 5% with significant rental upside. (Call for Details) • Located in a culturally vibrant pocket of Boyle Heights just minutes from the Arts District near new apartment developments within 90033. • No units have been extensively upgraded. (Value-Add potential to be realized through renovations). Property Highlights • Desirable unit mix of 5 1B/1B units and 2 2B/1B units. • All units have an in-unit laundry hookup. • No units have been extensively upgraded. (Value-Add potential to be realized through renovations). • Separately metered for gas and electricity. • Potential to add one gated surface parking space. (Buyer to Verify)

Listed by Evan Monroe | BRE #02135116 | GIG Real Estate Inc.
Last checked: 8 minutes ago | Last updated: September 9th, 2022 | Source CRMLS | DOM: 133

Home details

Lot Sq. Ft
6,303
HOA Dues
$0/mo
Year built
1904
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
AR22032824
City
Los Angeles
County
Los Angeles
Time on Site
768 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.99%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $105,696
  • Net Operating Income: $72,176
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $31,877
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2018 E 3Rd St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5183012023
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just north of 4th Street near the 5 Freeway on-ramp, 3 blocks west of Soto Street.
Neighborhood Information
  • Community Features: Park, Urban
View more facts & features

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Sale History for 2018 E 3Rd St

Last sold for $1,400,000 on September 9th, 2022
  • September, 2022

  • Sep 9, 2022

    Date

    Sold

    CRMLS: AR22032824

    $1,400,000

    Price

  • Feb 18, 2022

    Date

    Active

    CRMLS: AR22032824

    $1,580,000

    Price

  • November, 2018

  • Nov 20, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2018 E 3Rd St

Assessed Value (2020): $64,731
Year Land Value Improved Value Assessed Value
2020 $25,307 $39,424 $64,731

Home Value Compared to the Market

This property vs the competition

2018 E 3Rd St sold on September 9, 2022 for 40.91% higher than the current median sold price for the city of Los Angeles which is $1,029,000. The median sold price per/sqft for Los Angeles is $742 and this home is sold at $260.14 per/sqft which puts the price per square foot 64.94% lower than the current median sale per square foot for the city of Los Angeles.

About 2018 E 3Rd St

Detailed summary of property

2018 E 3Rd St is a mixed use that recently sold in Los Angeles, CA 90033. This mixed use property offered 9 bedrooms, 7 bathrooms, roughly 5,574 living square feet, and sits on an approximately 6,303 square foot lot. 2018 E 3Rd St was first listed on ArdentRealEstateGroup.com on February 19, 2022. The homeowner sold the property for $1,400,000. Home in Los Angeles are selling for a median price of $1,029,000 and a median price per square foot of $742. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 40.91% higher than the current median priced home. Local homes that are currently for sale include 2752 W 15th St, 7014 S Vermont Ave and 726 W 76th St. While the average home in Los Angeles, CA is selling in 100 days, 2018 E 3Rd St has a days on market of 133 days. There are currently 3287 homes for sale in the Los Angeles real estate market and 2252 of them are single family homes while 954 of them are condos and 78 are townhomes. For more information on this home for sale at 2018 E 3Rd St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2018 E 3Rd St

Public county record property details
Beds
3
Baths
6
Year built
1904
Sq. Ft.
5,574
Lot Size
6,303
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5183-012-023

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$675,000
Median List Price/Sq.Ft.
$536
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$369
Total Inventory
8
Median Sale to List Price %
101.08%
Avg Days on Market
27
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (50%)

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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.