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2550 3Rd Ave, Los Angeles, CA 90018
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2550 3Rd Ave Los Angeles, CA 90018

$865,000 Sold Price as of 03/15/2023
  • 4 Beds
  • 4 Baths
  • 3,212 Sq.Ft.
Sold
$865,000 Sold Price as of 03/15/2023 Refinance Your Mortgage
Map preview of 2550 3Rd Ave, Los Angeles, CA 90018

Property Overview: 2550 3Rd Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,212 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Spacious townhouse style units, with large dining areas and central air conditioning. One unit faces W. Adams Blvd and the other faces 3rd Ave. Each unit has 2 bedrooms upstairs along with an additional sun room/ office adjacent to one of the bedrooms. Both units have direct access to a lovely walled in patio area. In addition, there is a large seperate walled in yard area to the north of the driveway and garage which you enter from 3rd Ave, perhaps this is the spot for an ADU to be built. Please note zoning is LAR3. Buyer to confirm any building plans with City of Los Angeles. This property provides unique opportunities for owner occupants and investors alike.

Listed by (Edy) Edythe Roberts | BRE #00878626 | Compass
Last checked: 3 minutes ago | Last updated: March 17th, 2023 | Source CRMLS | DOM: 241

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22162347
City
Los Angeles
County
Los Angeles
Time on Site
835 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,860
  • Total Rent: $1,860
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: --
  • Net Operating Income: $25,159
  • Gross Operating Income: $45,602
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2550 3Rd Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Interior Features
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard, Back Yard, Lawn, Yard
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5059027008
  • Year Built Source: Assessor
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From the 10 freeway head south on Arlington and turn right onto Adams, property will be on your right at the corner of Adams and 3rd. 3rd St is East of Crenshaw and just West of Arlington
View more facts & features

Local Los Angeles Agent

Sale History for 2550 3Rd Ave

Last sold for $865,000 on March 15th, 2023

  • March, 2023

  • Mar 15, 2023

    Date

    Sold

    CRMLS: 22162347

    $865,000

    Price

  • Jun 6, 2022

    Date

    Active

    CRMLS: 22162347

    $1,025,800

    Price

Tax History for 2550 3Rd Ave

Assessed Value (2020): $310,421
Year Land Value Improved Value Assessed Value
2020 $202,104 $108,317 $310,421

Home Value Compared to the Market

This property vs the competition

2550 3Rd Ave sold on March 15, 2023 for 22.77% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $269.3 per/sqft which puts the price per square foot 62.8% lower than the current median sale per square foot for the city of Los Angeles.

About 2550 3Rd Ave

Detailed summary of property

2550 3Rd Ave is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,212 living square feet, and sits on an approximately 7,501 square foot lot. 2550 3Rd Ave was first listed on ArdentRealEstateGroup.com on June 7, 2022. The homeowner sold the property for $865,000. Home 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 22.77% lower than the current median priced home. Local homes that are currently for sale include 1814 W 39th St, 3773 S La Salle Ave and 1722 Leighton Ave. While the average home in Los Angeles, CA is selling in 106 days, 2550 3Rd Ave has a days on market of 241 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2550 3Rd Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2550 3Rd Ave

Public county record property details
Beds
5
Baths
3
Year built
1921
Sq. Ft.
3,212
Lot Size
7,500
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5059-027-008

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

Thinking of Selling?

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(714) 706-1823

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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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