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3016 West Blvd, Los Angeles, CA 90016
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3016 West Blvd Los Angeles, CA 90016

$729,000 Sold Price as of 04/30/2019
  • 6 Beds
  • 3 Baths
  • 2,426 Sq.Ft.
Sold
$729,000 Sold Price as of 04/30/2019 Refinance Your Mortgage
Map preview of 3016 West Blvd, Los Angeles, CA 90016

Property Overview: 3016 West Blvd Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,426 living square feet and 7,772 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime value-add or development opportunity in the West Adams area adjacent to Culver City. Take advantage of TOC density bonus to build a 6-unit apartment or condo building. Architectural plans started but not finished. This Development Project is a 6-Unit three-story apartment/condo building project in a great gentrifying West Adams area. This area is continuing to get better and grow. Plans consist of 6 X 2 beds + 2.5 bath units, each unit is around 1,520 sq ft. The estimated completed value is $4.2-$4.8 million when finished and it will be a NO RENT CONTROL building. The survey and soil report have been completed so you can start demolition right away. The projected rents vary from $3400-$4100 depending on each unit size. Alternatively, buyer can take advantage of the current buildings to renovate this duplex which consists of a 4-bedroom front house and a 2-bedroom back house. This Spanish-style property is located at 3016 West Blvd. and was built in 1926. Broker is principal.

Listed by Pablo Cienfuegos | BRE #01890537 | Pablo Cienfuegos
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
7,772
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19450538
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Improvements Total: $135,813
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3016 West Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Auto Driveway Gate
Lot Information
  • Lot Size Source: See Remarks
Property Information
  • Total # of Units: 2
  • Parcel Number: 5050026040
Location / Neighborhood
Location Information
  • Directions: South of 10 Freeway adjacent to Culver City.
View more facts & features

Local Los Angeles Agent

Sale History for 3016 West Blvd

Last sold on October 13th, 2020

  • October, 2020

  • Oct 13, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2019

  • May 1, 2019

    Date

    Sold

    CRMLS: 19450538

    $729,000

    Price

  • Apr 13, 2019

    Date

    Pending

    CRMLS: 19450538

    $799,000

    Price

  • Apr 2, 2019

    Date

    Active

    CRMLS: 19450538

    $799,000

    Price

  • April, 2019

  • Apr 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $729,000

    Price

  • January, 2017

  • Jan 1, 2017

    Date

    Expired

    CRMLS: 16118864

    $580,000

    Price

  • Jul 5, 2016

    Date

    Price Change

    CRMLS: 16118864

    $580,000

    Price

  • May 25, 2016

    Date

    Price Change

    CRMLS: 16118864

    $625,000

    Price

  • Apr 25, 2016

    Date

    Price Change

    CRMLS: 16118864

    $670,000

    Price

  • Listing provided courtesy of CRMLS

    **PROPERTY FOR SALE** Development opportunity or use as income property. DO NOT DISTURB TENANTS!! Property is also being sold with or without tenants. Tenant's lease has expired and is now month-to-month. Tenant is paying $3,000/month total for both units. Email agent for more info. Property sold AS IS. Submit your offers!!! Showing only with an accepted offer!

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Tax History for 3016 West Blvd

Assessed Value (2020): $743,580
Year Land Value Improved Value Assessed Value
2020 $652,800 $90,780 $743,580

Home Value Compared to the Market

This property vs the competition

3016 West Blvd sold on April 30, 2019 for 32.86% lower 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 $329.35 per/sqft which puts the price per square foot 56.38% lower than the current median sale per square foot for the city of Los Angeles.

About 3016 West Blvd

Detailed summary of property

3016 West Blvd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,426 living square feet, and sits on an approximately 7,772 square foot lot. 3016 West Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $729,000. 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 32.86% lower than the current median priced home. Local homes that are currently for sale include 1235 W 39th St, 2001 Cambridge St and 5166 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 94 days, 3016 West Blvd has a days on market of 10 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 3016 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 3016 West Blvd

Public county record property details
Beds
6
Baths
2
Year built
1926
Sq. Ft.
2,426
Lot Size
7,771
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
436
APN
5050-026-040

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%)

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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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