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2848 Virginia Rd, Los Angeles, CA 90016
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2848 Virginia Rd Los Angeles, CA 90016

$3,240,000 Sold Price as of 05/04/2024
  • 16 Beds
  • 16 Baths
  • 6,348 Sq.Ft.
Sold
$3,240,000 Sold Price as of 05/04/2024 Refinance Your Mortgage
Map preview of 2848 Virginia Rd, Los Angeles, CA 90016

Property Overview: 2848 Virginia Rd Los Angeles, CA has 16 bedrooms, 16 bathrooms, 6,348 living square feet and 5,234 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Sold before processing.

Listed by Elizabeth Maddox | BRE #01921425 | Myunits.com Inc.
Co-listed by Ian Maddox | BRE #02030205 | Myunits.com Inc.
Last checked: 6 minutes ago | Last updated: May 5th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,234
HOA Dues
$0/mo
Year built
2024
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
BB24090156
City
Los Angeles
County
Los Angeles
Time on Site
5 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: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $219,600
  • Net Operating Income: $167,597
  • Gross Operating Income: $210,816
  • Vacancy Allowance: $8,784
Annual Expense Breakdown
  • Total Operating Expense: $43,219
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $37,879
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,539
  • Maintenance: $1,600
  • Water/Sewer: $0

Property Details for 2848 Virginia Rd

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Landscaped, Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 5050014027
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located on Virginia, South of Adams Blvd.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2848 Virginia Rd

Last sold for $3,240,000 on May 4th, 2024

  • May, 2024

  • May 4, 2024

    Date

    Active

    CRMLS: BB24090156

    $3,240,000

    Price

  • May 4, 2024

    Date

    Sold

    CRMLS: BB24090156

    $3,240,000

    Price

  • March, 2022

  • Mar 16, 2022

    Date

    Sold

    CRMLS: PW22007278

    $850,000

    Price

  • Jan 13, 2022

    Date

    Active

    CRMLS: PW22007278

    $829,999

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this 2 bed, 1 bath home in Los Angeles centrally located between West Adams, Crenshaw and Jefferson. Roof was replaced 2 years ago and one of the bedrooms has been recently remodeled. Includes a 1 car detached garage and gazebo in the backyard. Zoned LARD 1.5, great opportunity to add and ADU! Three blocks from the Expo Line and 3 miles from USC, L.A. Memorial Coliseum and Banc of California Stadium, you do not want to miss out on this prime location!

  • August, 2001

  • Aug 15, 2001

    Date

    Sold (Public Records)

    Public Records

    $135,000

    Price

Show More

Tax History for 2848 Virginia Rd

Assessed Value (2020): $194,500
Year Land Value Improved Value Assessed Value
2020 $135,073 $59,427 $194,500

Home Value Compared to the Market

This property vs the competition

2848 Virginia Rd sold on May 4, 2024 for 172.27% 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 $510.4 per/sqft which puts the price per square foot 32.4% lower than the current median sale per square foot for the city of Los Angeles.

About 2848 Virginia Rd

Detailed summary of property

2848 Virginia Rd is a fourplex that recently sold in Los Angeles, CA 90016. This fourplex offered 16 bedrooms, 16 bathrooms, roughly 6,348 living square feet, and sits on an approximately 5,234 square foot lot. 2848 Virginia Rd was first listed on ArdentRealEstateGroup.com on May 5, 2024. The homeowner sold the property for $3,240,000. 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 172.27% higher than the current median priced home. Local homes that are currently for sale include 4180 Garthwaite Ave, 930 S Mansfield Ave and 1532 S Wilton Pl. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 2848 Virginia Rd 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 2848 Virginia Rd

Public county record property details
Beds
2
Baths
1
Year built
1923
Sq. Ft.
996
Lot Size
5,233
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
245
APN
5050-014-027

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
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
75
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?

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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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