Search
2843 West Blvd, Los Angeles, CA 90016
View Photos

2843 West Blvd Los Angeles, CA 90016

$1,520,000 Sold Price as of 08/29/2019
  • 8 Beds
  • 4 Baths
  • 5,922 Sq.Ft.
Sold
$1,520,000 Sold Price as of 08/29/2019 Refinance Your Mortgage
Map preview of 2843 West Blvd, Los Angeles, CA 90016

Property Overview: 2843 West Blvd Los Angeles, CA has 8 bedrooms, 4 bathrooms, 5,922 living square feet and 9,341 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A bargain on several levels! Very large lot, with plenty of upside income as rents have been held artificially low by current owner. Current CAP rate is 4.75%, even at current low income levels. Units are very large for the area, with high ceilings. 3 double garages for extra income and parking. Essentials such as plumbing and roof, etc... have been renewed and in good shape. Inquire as to details. On another level, this is also a great redevelopment opportunity. Located in TOC-03 area by LA planning dept. means up to 18 low income units can be built or around 11 regular units- based on lot size. Buyer to verify. All units are identical in size at about 1,480 square feet.

Listed by Thomas Vallarino | BRE #01240710 | Cal State Realty Services
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
9,341
HOA Dues
$0/mo
Year built
1927
Garage
6 Car
Property Type:
Fourplex
Status
Sold
MLS#
SB19063365
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,749
  • Total Rent: $1,749
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,344
  • Total Rent: $1,344
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.75%
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $108,516
  • Net Operating Income: $84,166
  • Gross Operating Income: --
  • # of Rented Garages: 3
  • Garage Rental Rate: $250
  • Garage Rental Income: $750
Annual Expense Breakdown
  • Total Operating Expense: $24,350
  • Licenses: $275
  • New Taxes: $20,625
  • Trash: $0
  • Gardener: $100
  • Insurance: $2,450
  • Maintenance: $900

Property Details for 2843 West Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Interior Features
  • 2 Staircases, Copper Plumbing Full, High Ceilings
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Assigned, Concrete, Garage Faces Rear, Garage - Two Door
Lot Information
  • Lot Features: Level with Street, Level, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5050011017
  • Year Built Source: Estimated
  • Foundation Details: Pillar/Post/Pier
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Adams and West Blvd, South of I-10 Freeway. Between South La Brea and Crenshaw, south of Adams
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2843 West Blvd

Last sold for $1,520,000 on August 30th, 2019

  • September, 2019

  • Sep 1, 2019

    Date

    Sold

    CRMLS: SB19063365

    $1,520,000

    Price

  • May 14, 2019

    Date

    Active Under Contract

    CRMLS: SB19063365

    $1,650,000

    Price

  • Mar 21, 2019

    Date

    Active

    CRMLS: SB19063365

    $1,650,000

    Price

  • August, 2019

  • Aug 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,520,000

    Price

  • August, 2019

  • Aug 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2843 West Blvd

Assessed Value (2020): $1,520,000
Year Land Value Improved Value Assessed Value
2020 $1,200,000 $320,000 $1,520,000

Home Value Compared to the Market

This property vs the competition

2843 West Blvd sold on August 29, 2019 for 38.66% 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 $278.62 per/sqft which puts the price per square foot 63.1% lower than the current median sale per square foot for the city of Los Angeles.

About 2843 West Blvd

Detailed summary of property

2843 West Blvd is a fourplex that recently sold in Los Angeles, CA 90016. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 5,922 living square feet, and sits on an approximately 9,341 square foot lot. 2843 West Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,520,000. 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 38.66% higher than the current median priced home. Local homes that are currently for sale include 1814 S Sycamore Ave, 1637 S Highland Ave and 1504 S Mansfield Ave. While the average home in Los Angeles, CA is selling in 94 days, 2843 West Blvd has a days on market of 53 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 2843 West Blvd Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2843 West Blvd

Public county record property details
Beds
8
Baths
4
Year built
1929
Sq. Ft.
5,922
Lot Size
9,341
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
480
APN
5050-011-017

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2843 West Blvd

Nearby Homes for Sale

3809 W 30th St, Los Angeles, CA 90016
$1,350,000
13 Beds
10 Baths
5213 Sq.Ft.
3809 W 30th St
Los Angeles, CA 90016
2818 S Bronson Ave, Los Angeles, CA 90018
$1,525,000
15 Beds
12 Baths
4754 Sq.Ft.
2818 S Bronson Ave
Los Angeles, CA 90018
2546 S Bronson Ave, Los Angeles, CA 90018
$1,250,000
5 Beds
4 Baths
3207 Sq.Ft.
2546 S Bronson Ave
Los Angeles, CA 90018
2546 S Bronson Ave, Los Angeles, CA 90018
$1,250,000
5 Beds
4 Baths
3207 Sq.Ft.
2546 S Bronson Ave
Los Angeles, CA 90018
2954 S Norton Ave, Los Angeles, CA 90018
$1,548,000
18 Beds
9 Baths
3340 Sq.Ft.
2954 S Norton Ave
Los Angeles, CA 90018
2314 Crenshaw Blvd, Los Angeles, CA 90016
$1,500,000
20 Beds
10 Baths
5184 Sq.Ft.
2314 Crenshaw Blvd
Los Angeles, CA 90016
4723 Pickford St, Los Angeles, CA 90019
$1,497,000
4 Beds
4 Baths
2476 Sq.Ft.
4723 Pickford St
Los Angeles, CA 90019
2622 S Orange Dr, Los Angeles, CA 90016
$1,595,000
9 Beds
5 Baths
3764 Sq.Ft.
2622 S Orange Dr
Los Angeles, CA 90016
Open Sun 2pm-4pm
4526 St Elmo Dr, Los Angeles, CA 90019
$1,795,000
8 Beds
7 Baths
3620 Sq.Ft.
4526 St Elmo Dr
Los Angeles, CA 90019
2747 S Mansfield Ave, Los Angeles, CA 90016
$1,395,000
4 Beds
4 Baths
2630 Sq.Ft.
2747 S Mansfield Ave
Los Angeles, CA 90016
3044 Edgehill Dr, Los Angeles, CA 90018
$1,640,000
8 Beds
8 Baths
7574 Sq.Ft.
3044 Edgehill Dr
Los Angeles, CA 90018
2720 S Sycamore Ave, Los Angeles, CA 90016
$1,300,000
8 Beds
5 Baths
2600 Sq.Ft.
2720 S Sycamore Ave
Los Angeles, CA 90016

Recently Sold Homes Near 2843 West Blvd

2824 Hillcrest Dr, Los Angeles, CA 90016
$1,200,000 Last Sold Price
8 Beds
4 Baths
5548 Sq.Ft.
2824 Hillcrest Dr
Los Angeles, CA 90016
2818 Hillcrest Dr, Los Angeles, CA 90016
$1,315,000 Last Sold Price
20 Beds
10 Baths
5548 Sq.Ft.
2818 Hillcrest Dr
Los Angeles, CA 90016
2853 Buckingham Rd, Los Angeles, CA 90016
$1,570,000 Last Sold Price
8 Beds
4 Baths
5207 Sq.Ft.
2853 Buckingham Rd
Los Angeles, CA 90016
2836 Buckingham Rd, Los Angeles, CA 90016
$970,000 Last Sold Price
7 Beds
6 Baths
2540 Sq.Ft.
2836 Buckingham Rd
Los Angeles, CA 90016

Related Resources to 2843 West Blvd

New Listings in 90016
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote