3023 Obama Blvd, Los Angeles, CA 90018
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3023 Obama Blvd Los Angeles, CA 90018

$949,000
  • 5 Beds
  • 2 Baths
  • 1,709 Sq.Ft.
For Sale
$949,000 Get Pre-Qualified

Map preview of 3023 Obama Blvd, Los Angeles, CA 90018

Property Overview: 3023 Obama Blvd Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,709 living square feet and 7,493 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Fantastic investment or development opportunity situated in the City of Los Angeles. The property, currently configured as a duplex, boasts zoning classification RD2 on an expansive 7,491 Sq.Ft lot with alley access, qualifying for TOC Tier 3. This prime location offers flexibility for various developments, including the addition of ADUs, multi-unit construction, or even ED-1 development. The unit at 3023 Obama presents two bedrooms, while 3025 offers three bedrooms alongside a garage, each showcasing unique charm and generous living spaces. Additionally, the property features an expansive backyard and a lengthy driveway, enhancing its desirability. This adaptable investment affords the option of residing in one unit while leasing out the other, presenting a multitude of opportunities. Strategically positioned just minutes away from prominent landmarks such as USC, Exposition Park, BMO Stadium (LAFC), Natural History Museum, California Science Center, DTLA, SoFi Stadium, Crypto Center, shopping centers, and major freeways, this property boasts a highly sought-after location in the heart of Los Angeles. Seize the opportunity to acquire this exceptional property, with both units currently occupied by tenants and no plans for vacancy upon transfer.

Listed by Levon Arzumanyan | BRE #01836944 | The Agency - Studio City
Last checked: 10 minutes ago | Last updated: July 3rd, 2024 | Source CRMLS | DOM: 12
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,493
HOA Dues
$0/mo
Year built
1944
Garage
1 Car
Property Type:
Duplex
Status
Active
MLS#
GD24134607
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,488
  • Total Rent: $1,488
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,772
  • Total Rent: $2,772
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $51,120
  • Net Operating Income: $47,304
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,816
  • Electric: $2,000
  • Gas/Fuel: $0
  • Trash: $500
  • Insurance: $1,200
  • Water/Sewer: $2,000

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Property Details for 3023 Obama Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5044011014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: south of exposition
Neighborhood Information
  • Community Features: Sidewalks
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Sale History for 3023 Obama Blvd

Last sold for $419,000 on February 17th, 2015
  • July, 2024

  • Jul 2, 2024

    Date

    Active

    CRMLS: GD24134607

    $949,000

    Price

  • July, 2024

  • Jul 1, 2024

    Date

    Expired

    CRMLS: GD24083319

    $949,000

    Price

  • Apr 25, 2024

    Date

    Active

    CRMLS: GD24083319

    $949,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2015

  • Feb 17, 2015

    Date

    Sold (Public Records)

    Public Records

    $419,000

    Price

  • April, 2001

  • Apr 30, 2001

    Date

    Sold (Public Records)

    Public Records

    $234,000

    Price

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Tax History for 3023 Obama Blvd

Assessed Value (2020): $460,450
Year Land Value Improved Value Assessed Value
2020 $321,987 $138,463 $460,450

Home Value Compared to the Market

This property vs the competition

3023 Obama Blvd is listed 20.92% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $555.3 per/sqft which puts the price per square foot 28.16% lower than the median price per square foot for the city of Los Angeles.

About 3023 Obama Blvd

Detailed summary of property

3023 Obama Blvd is a duplex located in Los Angeles, CA 90018 and is currently for sale. This duplex offers 5 bedrooms, 2 bathrooms, roughly 1,709 living square feet, and sits on an approximately 7,493 square foot lot. 3023 Obama Blvd was first listed on ArdentRealEstateGroup.com on July 2, 2024. The homeowner is currently asking $949,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 20.92% lower than the median priced home. Local competing homes currently for sale include 2722 W 43rd Pl, 2000 7th Ave and 4707 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 101 days, 3023 Obama Blvd has a days on market of 12 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 3023 Obama Blvd Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3023 Obama Blvd

Public county record property details
Beds
5
Baths
2
Year built
1944
Sq. Ft.
1,709
Lot Size
7,490
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5044-011-014

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$995,500
Median List Price/Sq.Ft.
$701
Median Sold Price
$960,000
Median Sold Price/Sq.Ft.
$576
Total Inventory
53
Median Sale to List Price %
98.46%
Avg Days on Market
40
Loan Type
Conventional (0%), FHA (0%), VA (8.33%), Cash (33.33%), Other (0%)

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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.