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3016 Shrine Pl, Los Angeles, CA 90007
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3016 Shrine Pl Los Angeles, CA 90007

$3,450,000 Sold Price as of 02/01/2024
  • 10 Beds
  • 10 Baths
  • 4,493 Sq.Ft.
Sold
$3,450,000 Sold Price as of 02/01/2024 Refinance Your Mortgage
Map preview of 3016 Shrine Pl, Los Angeles, CA 90007

Property Overview: 3016 Shrine Pl Los Angeles, CA has 10 bedrooms, 10 bathrooms, 4,493 living square feet and 7,485 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: EXCELLENT INVESTMENT OPPORTUNITY! PRIME USC STUDENT HOUSING! We are proud to present 3016 Shrine Pl. a 10 unit apartment building located in one of the most desirable locations around USC. The property is just steps away from the USC main campus. "The Place" is a 4,493 Sq. Ft. building on a 7,485 Sq. Ft. lot zoned LAR3. The unit mix is all 1 Bedroom + 1 Bathroom units. The property was fully renovated in 2010 and has been meticulously cared for since. There is room for up to 10 parking spots on-site as well as an on-site laundry room. In addition to the proximity to campus. "The Place" is a short distance to the USC Village, Shrine Auditorium, and a plethora of retail options along Figueroa St. Opportunities in this pocket of USC do not come up often, make your offer today! DRIVE BY ONLY! DO NOT DISTURB TENANTS!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 4 minutes ago | Last updated: February 1st, 2024 | Source CRMLS | DOM: 65

Home details

Lot Sq. Ft
7,485
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23321853
City
Los Angeles
County
Los Angeles
Time on Site
339 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $22,000
  • Pro Forma/Market Rent: $27,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 12.85
  • Gross Scheduled Income: --
  • Net Operating Income: $191,989
  • Gross Operating Income: $272,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3016 Shrine Pl

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 10
  • Parcel Number: 5123010018
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Please use Google Maps. Property is next the University of Southern California.
View more facts & features

Local Los Angeles Agent

Sale History for 3016 Shrine Pl

Last sold for $3,450,000 on February 1st, 2024

  • February, 2024

  • Feb 1, 2024

    Date

    Sold

    CRMLS: 23321853

    $3,450,000

    Price

  • Oct 16, 2023

    Date

    Active

    CRMLS: 23321853

    $4,400,000

    Price

  • September, 2005

  • Sep 12, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2003

  • Sep 30, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3016 Shrine Pl

Assessed Value (2020): $945,289
Year Land Value Improved Value Assessed Value
2020 $588,745 $356,544 $945,289

Home Value Compared to the Market

This property vs the competition

3016 Shrine Pl sold on February 1, 2024 for 212.5% higher 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 $778.99 per/sqft which puts the price per square foot 7.6% higher than the current median sale per square foot for the city of Los Angeles.

About 3016 Shrine Pl

Detailed summary of property

3016 Shrine Pl is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 4,493 living square feet, and sits on an approximately 7,485 square foot lot. 3016 Shrine Pl was first listed on ArdentRealEstateGroup.com on October 16, 2023. The homeowner sold the property for $3,450,000. 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 212.5% higher than the current median priced home. Local homes that are currently for sale include 1229 S Kingsley Dr, 1242 S Harvard Blvd and 756 S New Hampshire Ave. While the average home in Los Angeles, CA is selling in 106 days, 3016 Shrine Pl has a days on market of 65 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 3016 Shrine Pl Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3016 Shrine Pl

Public county record property details
Beds
10
Baths
10
Year built
1961
Sq. Ft.
4,493
Lot Size
7,484
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3-5
APN
5123-010-018

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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