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3034 Virginia Rd, Los Angeles, CA 90016
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3034 Virginia Rd Los Angeles, CA 90016

$770,000 Sold Price as of 05/09/2019
  • 4 Beds
  • 4 Baths
  • 2,740 Sq.Ft.
Sold
$770,000 Sold Price as of 05/09/2019 Refinance Your Mortgage
Map preview of 3034 Virginia Rd, Los Angeles, CA 90016

Property Overview: 3034 Virginia Rd Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,740 living square feet and 6,147 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price Aggressively Modified and ready to go!! For the first time in decades, major development projects are underway in this particular area of Los Angeles. Railway transportation, new restaurants, grocery stores, boutique shops and new businesses are all slated for development in the West Adams / Jefferson Park area. Centrally located to just about everything happening in the Los Angeles area. 5 to 10 minutes from Downtown LA and approximately 15 mins from the highly anticipated and most prominant NFL Stadium that's currently under construction. The 4 units consist of all spacious 1 bedroom units that are all occupied and will be sold as such. Aggressively priced for the local area. Please see showing remarks for the showing schedule.

Listed by Roderick McDaniel | BRE #01088374 | HUNTINGTON BROWNE
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
6,147
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19425038
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $892
  • Total Rent: $892
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 7.73
  • Gross Scheduled Income: $3,842
  • Net Operating Income: $40,824
  • Gross Operating Income: $46,104
  • Improvements Total: $100,132
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $108
  • Insurance: $100
  • Water/Sewer: $290

Property Details for 3034 Virginia Rd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 4
  • Parcel Number: 5050028047
Location / Neighborhood
Location Information
  • Directions: North of Jefferson / West of Crenshaw
View more facts & features

Local Los Angeles Agent

Sale History for 3034 Virginia Rd

Last sold for $355,000 on June 25th, 2020

  • June, 2020

  • Jun 25, 2020

    Date

    Sold (Public Records)

    Public Records

    $355,000

    Price

  • May, 2020

  • May 29, 2020

    Date

    Sold (Public Records)

    Public Records

    $385,000

    Price

  • May, 2019

  • May 21, 2019

    Date

    Sold

    CRMLS: 19425038

    $770,000

    Price

  • Mar 25, 2019

    Date

    Active Under Contract

    CRMLS: 19425038

    $799,000

    Price

  • Mar 17, 2019

    Date

    Price Change

    CRMLS: 19425038

    $799,000

    Price

  • Jan 17, 2019

    Date

    Active

    CRMLS: 19425038

    $869,000

    Price

Show More

Tax History for 3034 Virginia Rd

Assessed Value (2020): $785,400
Year Land Value Improved Value Assessed Value
2020 $581,400 $204,000 $785,400

Home Value Compared to the Market

This property vs the competition

3034 Virginia Rd sold on May 9, 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 $291.61 per/sqft which puts the price per square foot 61.38% lower than the current median sale per square foot for the city of Los Angeles.

About 3034 Virginia Rd

Detailed summary of property

3034 Virginia Rd is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,740 living square feet, and sits on an approximately 6,147 square foot lot. 3034 Virginia Rd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $770,000. 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 1552 W Vernon Ave, 5965 West Blvd and 1235 W 39th St. While the average home in Los Angeles, CA is selling in 92 days, 3034 Virginia Rd has a days on market of 66 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 3034 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 3034 Virginia Rd

Public county record property details
Beds
4
Baths
4
Year built
1940
Sq. Ft.
2,740
Lot Size
6,146
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
289
APN
5050-028-047

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
78
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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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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