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3043 Hollister Ave, Los Angeles, CA 90032
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3043 Hollister Ave Los Angeles, CA 90032

$1,385,000 Sold Price as of 05/13/2020
  • 12 Beds
  • 6 Baths
  • -- Sq.Ft.
Sold
$1,385,000 Sold Price as of 05/13/2020 Refinance Your Mortgage
Map preview of 3043 Hollister Ave, Los Angeles, CA 90032

Property Overview: 3043 Hollister Ave Los Angeles, CA has 12 bedrooms, 6 bathrooms, -- living square feet and 7,514 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Thirty 43 Apartments is a six-unit multifamily property located at 3043 Hollister Avenue in the heart of the El Sereno sub-market of Los Angeles. Situated between Downtown Los Angeles and South Pasadena, the El Sereno neighborhood is undergoing rapid growth and urbanization as older stock apartment buildings are being renovated and upgraded to appeal to the Millennials seeking affordable housing alternatives. New construction homes, fourplexes, retail and entertainment options are transforming this once sleepy-bedroom community into a vibrant city-like location. Built in 1964 and sitting on approximately 7,500 square feet of land, the 4,772 square foot property enjoys a unit mix of all 2-Bedroom/1 Bath units which are individually metered for both gas and electric. The property is located on a quiet residential street, with mostly single-family homes, providing a cozy neighborhood-like feel with abundant street-parking for guests.

Listed by Peter Strauss | BRE #01335696 | Iconic Investments
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
7,514
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20551336
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,556
  • Total Rent: $9,340
  • Pro Forma/Market Rent: $12,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.7
  • Gross Scheduled Income: --
  • Net Operating Income: $74,573
  • Gross Operating Income: $112,080
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3043 Hollister Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5220013023
Location / Neighborhood
Location Information
  • Directions: Prime El Sereno - Located on a residential street.
View more facts & features

Local Los Angeles Agent

Sale History for 3043 Hollister Ave

Last sold for $1,385,000 on May 13th, 2020

  • May, 2020

  • May 15, 2020

    Date

    Sold

    CRMLS: 20551336

    $1,385,000

    Price

  • Mar 10, 2020

    Date

    Active Under Contract

    CRMLS: 20551336

    $1,535,000

    Price

  • Feb 6, 2020

    Date

    Active

    CRMLS: 20551336

    $1,535,000

    Price

  • May, 2020

  • May 13, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,385,000

    Price

  • June, 2018

  • Jun 27, 2018

    Date

    Sold

    CRMLS: CV18075311

    $1,200,000

    Price

  • Apr 20, 2018

    Date

    Pending

    CRMLS: CV18075311

    $1,200,000

    Price

  • Apr 9, 2018

    Date

    Active

    CRMLS: CV18075311

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to exclusively offer for sale this pride of ownership investment just adjacent to the city of Alhambra. The subject property consists of six residential units of which are all 2 Bedroom/1 Bath. Tenants enjoy onsite laundry facility and parking. Currently offered at a 13.42 GRM and 5.02% CAP Rate, a new investor can take advantage of an already strong rental market capitalizing on market rents and significantly increasing the overall cash-on cash return. (One unit will be delivered vacant at the close of escrow)

  • June, 2018

  • Jun 26, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

Show More

Tax History for 3043 Hollister Ave

Assessed Value (2020): $1,248,480
Year Land Value Improved Value Assessed Value
2020 $873,936 $374,544 $1,248,480

Home Value Compared to the Market

This property vs the competition

3043 Hollister Ave sold on May 13, 2020 for 37.05% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 3043 Hollister Ave

Detailed summary of property

3043 Hollister Ave is a multi family that recently sold in Los Angeles, CA 90032. This multi family property offered 12 bedrooms, 6 bathrooms, roughly -- living square feet, and sits on an approximately 7,514 square foot lot. 3043 Hollister Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,385,000. 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 37.05% higher than the current median priced home. Local homes that are currently for sale include 2737 Pomeroy Ave, 1914 Thomas St and 225 N Avenue 57. While the average home in Los Angeles, CA is selling in 106 days, 3043 Hollister Ave has a days on market of 34 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 3043 Hollister Ave Los Angeles, CA 90032 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3043 Hollister Ave

Public county record property details
Beds
18
Baths
6
Year built
1964
Sq. Ft.
4,772
Lot Size
7,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5220-013-023

The source for these homes facts are from public records.

90032 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,900
Median List Price/Sq.Ft.
$633
Median Sold Price
$765,000
Median Sold Price/Sq.Ft.
$711
Total Inventory
58
Median Sale to List Price %
109.44%
Avg Days on Market
22
Loan Type
Conventional (25%), FHA (0%), VA (0%), Cash (16.67%), Other (25%)

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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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