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2330 W 3Rd St, Los Angeles, CA 90057
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2330 W 3Rd St Los Angeles, CA 90057

$2,990,000
  • 12 Beds
  • 12 Baths
  • 8,262 Sq.Ft.
For Sale
$2,990,000 Get Pre-Qualified
Map preview of 2330 W 3Rd St, Los Angeles, CA 90057

Property Overview: 2330 W 3Rd St Los Angeles, CA has 12 bedrooms, 12 bathrooms, 8,262 living square feet and 11,725 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: We are pleased to present 2330 W 3rd Street, an architectural awardwinningmixed use creative space opportunity in the heart of Westlake, one ofLos Angeles' fastest growing neighborhoods. This rare trophy Mid-Century assetconsists of ten commercial suites and one large 2 bedroom penthouse. This iconic glass, brick, and stucco Mid-Centurybuilding wraps around a beautifully landscaped centralcourtyard. Every creative suite is unique and boastrare features such as floor to ceiling glass windows,open beamed ceilings, their own private bathrooms,and brick wood-burning fireplaces. The 8,262 squarefoot building sits on 11,721 square feet of land zonedLAC2, allowing for a variety of commercial, residential,or mixed uses. With approximately 100 feet of frontagealong 3rd street, 2330 W 3rd Street presents itself asone of the most recognizable architectural buildings inWestlake with excellent visibility, lush palm trees, andconvenient ingress and egress. Westlake, located right outside Downtown'semployment hub, is a bustling neighborhood with arapidly gentrifying demographic. Westlake is adjacentto other notable neighborhoods, including Echo Park,Pico Union, Downtown and Koreatown. The subjectproperty's location is ideal as it is walking distanceto thousands of jobs, transportation options andretail and dining amenities. The demand for apartmentunits continues to increase, seen by the majordevelopments in the area such as the MacArthur ParkMetro Apartments (proposed 665 units), Lake onWilshire (proposed 478 units) and Wilco (152 unitsunder construction) among many others in closeproximity to 229 South Westlake Avenue.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap
Co-listed by Glen Scher | BRE #01962976 | Marcus & Millichap
Last checked: 9 minutes ago | Last updated: January 26th, 2024 | Source CRMLS | DOM: 84
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Home details

Lot Sq. Ft
11,725
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24349269
City
Los Angeles
County
Los Angeles
Time on Site
102 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,224
  • Total Rent: $9,790
  • Pro Forma/Market Rent: $10,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.73%
  • Gross Rent Multiplier: 9.99
  • Gross Scheduled Income: --
  • Net Operating Income: $201,491
  • Gross Operating Income: $299,291
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2330 W 3Rd St

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Property Details for 2330 W 3Rd St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
Property Information
  • Total # of Units: 11
  • Parcel Number: 5154035015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: W 3rd & S Park View
View more facts & features

Local Los Angeles Agent

Sale History for 2330 W 3Rd St

Last leased for $1,080 on April 26th, 2024

  • April, 2024

  • Apr 26, 2024

    Date

    Leased

    CRMLS: BB24052343

    $1,080

    Price

  • Mar 14, 2024

    Date

    Active

    CRMLS: BB24052343

    $1,080

    Price

  • Listing provided courtesy of CRMLS

    Welcome to the Mid-Century architectural creative oasis WH Hillier. A huge window brings natural light into your new photo studio, creative space, showroom, music production studio, or simply gorgeous office! Original brick fireplace adds depth of character to the space. Spacious bathroom with extra storage space. Front of building unit provides easy access. Outside, feel completely enveloped in the communal courtyard with mature vegetation, trees, and fountains surrounded by the brick and beam architecture from 1951. Perfect for lunch breaks, coffee chats, and the type of mingling that sparks the next creative breakthrough for your business. Convenient access to the 110 and 101 freeways as well as Downtown Los Angeles. Plenty of street parking.

  • March, 2024

  • Mar 13, 2024

    Date

    Active

    CRMLS: BB24051495

    $3,360

    Price

  • Listing provided courtesy of CRMLS

    LIVE/WORK IN HISTORIC ARCHITECTURE! Welcome to the Penthouse Suite at the Mid-Century architectural creative oasis at the WH Hillier. A highly unique opportunity to rent the only live/work space in the building with open beam ceilings, architectural windows, original built in cabinetry, fireplace, and expansive views. 4 bedroom/flex spaces, for multiple co-workers, and one office perfect for production or your edit bay or master bedroom. Entertain clients and guests in the open kitchen, and cozy up to an original brick fireplace. There are very few true live/work spaces that present the ability to be creative in your home. Outside, feel completely enveloped in the communal courtyard with mature vegetation, trees, and fountains surrounded by the brick and beam architecture from 1951. Convenient access to the 110 and 101 freeways as well as Downtown Los Angeles. Plenty of entertainment and restaurants off of Sunset Boulevard in Silverlake and Echo Park. Assigned gated off-street parking space included. Furnishings available at extra cost. No laundry in building. No laundry hookups currently in space, but owner open to modification for washer/dryer.

  • January, 2024

  • Jan 18, 2024

    Date

    Active

    CRMLS: 24349269

    $2,990,000

    Price

  • January, 2017

  • Jan 20, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

  • November, 2014

  • Nov 19, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2330 W 3Rd St

Assessed Value (2020): $2,016,294
Year Land Value Improved Value Assessed Value
2020 $1,538,751 $477,543 $2,016,294

Home Value Compared to the Market

This property vs the competition

2330 W 3Rd St is listed 141.91% 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 $773 and this home is listed at $361.9 per/sqft which puts the price per square foot 53.18% lower than the median price per square foot for the city of Los Angeles.

About 2330 W 3Rd St

Detailed summary of property

2330 W 3Rd St is a multi family located in Los Angeles, CA 90057 and is currently for sale. This multi family property offers 12 bedrooms, 12 bathrooms, roughly 8,262 living square feet, and sits on an approximately 11,725 square foot lot. 2330 W 3Rd St was first listed on ArdentRealEstateGroup.com on January 18, 2024. The homeowner is currently asking $2,990,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 141.91% higher than the median priced home. Local competing homes currently for sale include 743 N Occidental Blvd, 639 Robinson St and 907 Glendale Blvd. While the average home in Los Angeles, CA is selling in 96 days, 2330 W 3Rd St has a days on market of 84 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 2330 W 3Rd St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2330 W 3Rd St

Public county record property details
Beds
--
Baths
--
Year built
1951
Sq. Ft.
8,262
Lot Size
11,721
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
15,16
APN
5154-035-015

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$550,000
Median List Price/Sq.Ft.
$538
Median Sold Price
$850,000
Median Sold Price/Sq.Ft.
$647
Total Inventory
15
Median Sale to List Price %
96.82%
Avg Days on Market
51
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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.

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