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2934 Somerset Dr, Los Angeles, CA 90016
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2934 Somerset Dr Los Angeles, CA 90016

$1,650,000 Sold Price as of 02/08/2021
  • 7 Beds
  • 5 Baths
  • 3,124 Sq.Ft.
Sold
$1,650,000 Sold Price as of 02/08/2021 Refinance Your Mortgage
Map preview of 2934 Somerset Dr, Los Angeles, CA 90016

Property Overview: 2934 Somerset Dr Los Angeles, CA has 7 bedrooms, 5 bathrooms, 3,124 living square feet and 5,032 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Picture perfect Modern Spanish home in the heart of West Adams is an entertainers dream! Spacious Home + Detached 2 units (Unit + fully permitted ADU). Beautiful arabesque saltillo tile line the porch leading up to the custom hand made door. Vaulted ceilings in entryway, white oak flooring throughout, multiple windows throughout provide plenty of natural lighting and charm. The modern kitchen features semi-custom made kitchen cabinets + double waterfall Calcutta countertops + Bertazzoni appliances. Two master suites: one downstairs + additional master suite upstairs in the newly built 495 sq ft 2nd floor. Luxurious large master bath features dual vanity + soaking tub and stand up shower which leads into the dreamy oversized walk in closet. Private balcony off master + large roof top deck with 360 views of all of LA. Rear detached building is a top/bottom duplex (each 2 bed 1 bath) making it perfect for a rental, studio, office, or Airbnb. Each unit has its own electrical meter + individual washer/dryer hookups inside. Improvements include new foundation in front home, electrical wiring & 3 meter panel upgrade, plumbing, waste lines, drywall, insulation, windows, roofing water heaters and much more! Minutes to Mizlala, Alta Adams, Highly Likely, Adams Coffee, La Brea/Jefferson expo line - DTLA - Santa Monica. Projected rents: Front=$5500, unit 2=$2500, unit 3=$2500

Listed by MATTHEW SALIB | BRE #01886422 | CAL AMERICAN HOMES AND REALTY
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
5,032
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
CV21004913
City
Los Angeles
County
Los Angeles
Time on Site
1214 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.67%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $126,000
  • Net Operating Income: $93,639
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $32,361
  • Electric: $4,800
  • Gas/Fuel: $2,400
  • New Taxes: $18,561
  • Trash: $2,400
  • Insurance: $1,800
  • Water/Sewer: $2,400

Virtual Tour

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Property Details for 2934 Somerset Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Inside, Stackable
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Art Studio, Bonus Room, Great Room, Main Floor Master Bedroom, Multi-Level Bedroom, Two Masters, Walk-In Closet
Interior Features
  • 2 Staircases, Balcony, High Ceilings, Recessed Lighting
  • Levels: Two
Exterior Features
Exterior Information
  • Other Structures: Guest House Detached
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway - Combination
Lot Information
  • Lot Features: Landscaped, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Mountain(s), Neighborhood, Panoramic
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5050019025
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Somerset and 29th st.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 2934 Somerset Dr

Last leased for $2,300 on March 9th, 2021

  • March, 2021

  • Mar 12, 2021

    Date

    Leased

    CRMLS: 21689046

    $2,300

    Price

  • Feb 17, 2021

    Date

    Price Change

    CRMLS: 21689046

    $2,300

    Price

  • Feb 9, 2021

    Date

    Active

    CRMLS: 21689046

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    RENT INCENTIVE: $400 OFF FIRST MONTHS RENT. Brand new, ultra modern, Spanish style 2 bedroom/1 bathroom upper unit apartment in the heart of West Adams. Beautiful, never before rented, fully upgraded unit with plenty of street parking. Dont miss this one! About the space: Open concept living area with charming private balcony, gorgeous sun-filled Spanish tiled kitchen with all new stainless steel appliances (even a dishwasher!), remodeled bathroom featuring colorful geometric tiles and dual master sinks. Plenty of natural light with private staircase and covered entryway. New hardwood floors throughout and Central Heating / Air Conditioning - perfect for those summer months! 2 bedrooms, great for roommates or a couple. Use one as an office ideal for those looking for a Work From Home upgrade! Unit features en-suite laundry hookups for stackable washer and dryer (or use the laundry room for extra storage). Amazing location: Walking distance to Johnnys West Adams, Highly Likely Cafe, Reparations Club Bookstore and everything else Jefferson Park / West Adams has to offer. A Must See! No expense was spared in this brand new building. Very private, secure and unique apartment - the spacious Spanish style property is only shared with 2 other units. No shared walls! Call today for a showing!

  • February, 2021

  • Feb 12, 2021

    Date

    Sold

    CRMLS: CV21004913

    $1,650,000

    Price

  • Jan 14, 2021

    Date

    Pending

    CRMLS: CV21004913

    $1,649,900

    Price

  • Jan 9, 2021

    Date

    Active

    CRMLS: CV21004913

    $1,649,900

    Price

  • February, 2021

  • Feb 12, 2021

    Date

    Sold

    CRMLS: CV21004411

    $1,650,000

    Price

  • Jan 14, 2021

    Date

    Pending

    CRMLS: CV21004411

    $1,649,900

    Price

  • Jan 9, 2021

    Date

    Active

    CRMLS: CV21004411

    $1,649,900

    Price

  • Listing provided courtesy of CRMLS

  • February, 2021

  • Feb 9, 2021

    Date

    Expired

    CRMLS: 21683780

    $2,400

    Price

  • Feb 9, 2021

    Date

    Hold

    CRMLS: 21683780

    $2,400

    Price

  • Feb 2, 2021

    Date

    Price Change

    CRMLS: 21683780

    $2,400

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: 21683780

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    Brand new, ultra modern, Spanish style 2 bedroom/1 bathroom upper unit apartment in the heart of West Adams. Beautiful, never before rented, fully upgraded unit. Dont miss this one! About the space: Open concept living area with charming private balcony, gorgeous sun-filled Spanish tiled kitchen with all new stainless steel appliances (even a dishwasher!), remodeled bathroom featuring colorful geometric tiles and dual master sinks. Plenty of natural light with private staircase and covered entryway. New hardwood floors throughout and Central Heating / Air Conditioning - perfect for those summer months! 2 bedrooms, great for roommates or a couple. Use one as an office ideal for those looking for a Work From Home upgrade! Unit features en-suite laundry hookups for stackable washer and dryer (or use the laundry room for extra storage). Amazing location: Walking distance to Johnnys West Adams, Highly Likely Cafe, Reparations Club Bookstore and everything else Jefferson Park / West Adams has to offer. A Must See! No expense was spared in this brand new building. Very private, secure and unique apartment - the spacious Spanish style property is only shared with 2 other units. No shared walls! Lots of potential with all the amenities you can imagine in the heart of one of LAs most up and coming neighborhoods. Call today for a showing!

  • February, 2021

  • Feb 8, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,650,000

    Price

  • February, 2021

  • Feb 3, 2021

    Date

    Leased

    CRMLS: 21683274

    $4,500

    Price

  • Feb 3, 2021

    Date

    Expired

    CRMLS: 21683274

    $4,500

    Price

  • Jan 27, 2021

    Date

    Hold

    CRMLS: 21683274

    $4,500

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: 21683274

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Modern Spanish home in the heart of West Adams has been remodeled top to bottom with roof top views and off street parking. The spacious home has 3 bedrooms and 3 full baths. Vaulted ceilings in entryway, white oak flooring throughout, multiple windows throughout provide plenty of natural lighting. The modern kitchen features semi-custom made kitchen cabinets + double waterfall Calcutta countertops + Bertazzoni appliances. Two master suites: one downstairs + additional master suite upstairs in the newly built 495 sqft 2nd floor. Luxurious large master bath features dual vanity + soaking tub and stand up shower which leads into the dreamy oversized walk in closet. Private balcony large roof top deck with 360 views of all of LA. (Rear detached building is a fully remodeled duplex)

  • February, 2020

  • Feb 7, 2020

    Date

    Sold

    CRMLS: 19521822

    $676,000

    Price

  • Nov 20, 2019

    Date

    Pending

    CRMLS: 19521822

    $650,000

    Price

  • Nov 13, 2019

    Date

    Active

    CRMLS: 19521822

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    This is two units on a lot, major fixer, located in the Mid City area within blocks to the Metro Expo line and the future Crenshaw line. The property consists of a 3 bedroom and one bathroom front house, and a 2 bedroom and 1 bathroom unit over a two car and a one car garage in the rear. Both units have not been updated and are in need of work. The front house has settling foundation problems with uneven interior floor level. The interior of the front house has character with arched vaulted ceiling in the living room and a formal dining room. The kitchen has a breakfast area and a separate laundry room. The property has been issued a Notice and Order to Comply from the LA Housing & Community Investment Department. The majority of the work has been completed, but not removed. Buyer to be responsible for the completion of the work and the removal of the citation. Rear unit is rented at a very low rent to a long term tenant, and will be shown with an offer.

  • February, 2020

  • Feb 6, 2020

    Date

    Sold (Public Records)

    Public Records

    $676,000

    Price

Show More

Tax History for 2934 Somerset Dr

Assessed Value (2020): $195,991
Year Land Value Improved Value Assessed Value
2020 $127,749 $68,242 $195,991

Home Value Compared to the Market

This property vs the competition

2934 Somerset Dr sold on February 8, 2021 for 38.65% 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 $528.14 per/sqft which puts the price per square foot 30.05% lower than the current median sale per square foot for the city of Los Angeles.

About 2934 Somerset Dr

Detailed summary of property

2934 Somerset Dr is a triplex that recently sold in Los Angeles, CA 90016. This triplex offered 7 bedrooms, 5 bathrooms, roughly 3,124 living square feet, and sits on an approximately 5,032 square foot lot. 2934 Somerset Dr was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,650,000. 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 38.65% higher than the current median priced home. Local homes that are currently for sale include 1717 Crenshaw Blvd, 1722 Crenshaw Blvd and 2747 S Mansfield Ave. While the average home in Los Angeles, CA is selling in 92 days, 2934 Somerset Dr has a days on market of 3 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2934 Somerset Dr 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 2934 Somerset Dr

Public county record property details
Beds
5
Baths
2
Year built
1948
Sq. Ft.
1,828
Lot Size
5,031
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
137,138
APN
5050-019-025

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?

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(714) 706-1823

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Recently Sold Homes Near 2934 Somerset Dr

2847 Somerset Dr, Los Angeles, CA 90016
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2961 Somerset Dr, Los Angeles, CA 90016
$1,222,000 Last Sold Price
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2961 Somerset Dr
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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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