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2422 E 3Rd St, Los Angeles, CA 90033
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2422 E 3Rd St Los Angeles, CA 90033

$950,000 Sold Price as of 04/10/2019
  • 9 Beds
  • 6 Baths
  • 4,200 Sq.Ft.
Sold
$950,000 Sold Price as of 04/10/2019 Refinance Your Mortgage
Map preview of 2422 E 3Rd St, Los Angeles, CA 90033

Property Overview: 2422 E 3Rd St Los Angeles, CA has 9 bedrooms, 6 bathrooms, 4,200 living square feet and 6,230 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This low maintenance 4,200 SF 6-Unit Multi-Family Apartment Building in the Boyle Heights neighborhood of East Los Angeles is located on 6,230 SF R1.5 zoned TOC Tier 3 lot. The property consists of a total of 6 units. The ground floor has 3 units consisting of (2) 1+1 units and (1) 2+1 unit. The second floor consists of (2) 1+1 units and(1) 3+1 unit. Two of the 1+1 units are currently vacant. All other tenants are currently on a month to month tenancy.The property is also located 0.2 miles (5 min walk) from the SOTO GOLD LINE METRO STATION connecting you to Union Station in Downtown LA (only 4 stops away) and Pasadena area. This area is considered a WALKER'S PARADISE with a score of 90. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking to purchase a low maintenance multi-family property in a growing area within walking distance to public transportation, parks, schools & shopping

Listed by David Yashar | BRE #01102638 | Keller Williams Realty Westsid
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,230
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19442864
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,052
  • Total Rent: $1,052
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $962
  • Total Rent: $962
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,228
  • Total Rent: $1,228
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.7
  • Gross Scheduled Income: --
  • Net Operating Income: $24,192
  • Gross Operating Income: $51,285
  • Improvements Total: $441,660
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2422 E 3Rd St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5180004023
Location / Neighborhood
Location Information
  • Directions: One block north of intersection of 4th and Soto, right on 3rd St located on your right hand side.
View more facts & features

Local Los Angeles Agent

Sale History for 2422 E 3Rd St

Last sold for $950,000 on April 10th, 2019

  • April, 2019

  • Apr 10, 2019

    Date

    Sold

    CRMLS: 19442864

    $950,000

    Price

  • Apr 6, 2019

    Date

    Pending

    CRMLS: 19442864

    $1,195,000

    Price

  • Mar 12, 2019

    Date

    Active

    CRMLS: 19442864

    $1,195,000

    Price

  • April, 2019

  • Apr 10, 2019

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

  • August, 2017

  • Aug 6, 2017

    Date

    Sold

    CRMLS: DW16764261

    $830,000

    Price

  • Jun 2, 2017

    Date

    Pending

    CRMLS: DW16764261

    $949,999

    Price

  • May 5, 2017

    Date

    Active

    CRMLS: DW16764261

    $949,999

    Price

  • Feb 16, 2017

    Date

    Expired

    CRMLS: DW16764261

    $949,999

    Price

  • Jan 19, 2017

    Date

    Price Change

    CRMLS: DW16764261

    $949,999

    Price

  • Dec 20, 2016

    Date

    Price Change

    CRMLS: DW16764261

    $1,048,000

    Price

  • Dec 16, 2016

    Date

    Active

    CRMLS: DW16764261

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    a gorgeous 6 unit property , super low maintenance , great mix and updated pluming . one 3 bedroom , 1 two bedroom and 4 one bedrooms located in a great area of East LA , close to boyle heights

  • July, 2017

  • Jul 31, 2017

    Date

    Sold (Public Records)

    Public Records

    $930,000

    Price

Show More

Tax History for 2422 E 3Rd St

Assessed Value (2020): $969,000
Year Land Value Improved Value Assessed Value
2020 $583,440 $385,560 $969,000

Home Value Compared to the Market

This property vs the competition

2422 E 3Rd St sold on April 10, 2019 for 0.42% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $284.52 per/sqft which puts the price per square foot 62.31% lower than the current median sale per square foot for the city of Los Angeles.

About 2422 E 3Rd St

Detailed summary of property

2422 E 3Rd St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 4,200 living square feet, and sits on an approximately 6,230 square foot lot. 2422 E 3Rd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $950,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.42% higher than the current median priced home. Local homes that are currently for sale include 673 N Boyle Ave, 2530 Ganahl St and 3035 Winter St. While the average home in Los Angeles, CA is selling in 94 days, 2422 E 3Rd St has a days on market of 25 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 2422 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 2422 E 3Rd St

Public county record property details
Beds
9
Baths
6
Year built
1957
Sq. Ft.
4,200
Lot Size
6,230
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5180-004-023

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
$778,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
12
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), 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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