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3103 8Th Ave, Los Angeles, CA 90018
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3103 8Th Ave Los Angeles, CA 90018

$855,000 Sold Price as of 08/13/2021
  • 3 Beds
  • 3 Baths
  • 1,560 Sq.Ft.
Sold
$855,000 Sold Price as of 08/13/2021 Refinance Your Mortgage
Map preview of 3103 8Th Ave, Los Angeles, CA 90018

Property Overview: 3103 8Th Ave Los Angeles, CA has 3 bedrooms, 3 bathrooms, 1,560 living square feet and 5,603 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the burgeoning Jefferson Park section of Los Angeles, this rare 3-unit is perfect for an end-user or value-add buyer. All units are currently occupied with a monthly rent roll of $4,622. The property also features a 3-car covered garage and a gated fence. Current rents are collectively 15% below market value. Dubbed as the soul of the city because of its strong sense of community among its residents, Jefferson Park is an historic gem of a neighborhood. Situated right off the Santa Monica highway, residents can easily access any part of the city in minutes. One of the standout features of Jefferson Park is its gorgeous historic homes. The area is a mix of Edwardian, Art Deco, and Craftsman bungalow homes from the turn of the century.

Listed by Trevor Nelson | BRE #01495150 | Trevor Carl Nelson
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
5,603
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21713090
City
Los Angeles
County
Los Angeles
Time on Site
1144 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $1,768
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,204
  • Total Rent: $1,204
  • Pro Forma/Market Rent: $1,204
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $25,536
  • Gross Operating Income: $53,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3103 8Th Ave

Interior Features
Heating Information
  • Has Heating
  • Baseboard
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Ceiling Fan(s)
  • Security Features: Gated Community
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 3
  • Parcel Number: 5051036018
Location / Neighborhood
Location Information
  • Directions: Take the Santa Monica Fwy (I-10) to Exit 9 for Crenshaw Blvd, then turn right on S Crenshaw Blvd, then turn left on W Jefferson Blvd, and finally, turn left on 8th Avenue to 3103 8th Avenue, Los Angeles, CA 90018.
View more facts & features

Local Los Angeles Agent

Sale History for 3103 8Th Ave

Last sold for $855,000 on August 13th, 2021

  • September, 2021

  • Sep 8, 2021

    Date

    Sold

    CRMLS: 21713090

    $855,000

    Price

  • Jul 8, 2021

    Date

    Active Under Contract

    CRMLS: 21713090

    $875,000

    Price

  • Apr 1, 2021

    Date

    Active

    CRMLS: 21713090

    $875,000

    Price

  • September, 2019

  • Sep 4, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2019

  • Jun 20, 2019

    Date

    Sold

    CRMLS: 19442396

    $775,000

    Price

  • May 6, 2019

    Date

    Active Under Contract

    CRMLS: 19442396

    $799,000

    Price

  • Apr 26, 2019

    Date

    Active

    CRMLS: 19442396

    $799,000

    Price

  • Apr 8, 2019

    Date

    Active Under Contract

    CRMLS: 19442396

    $799,000

    Price

  • Mar 29, 2019

    Date

    Price Change

    CRMLS: 19442396

    $799,000

    Price

  • Mar 11, 2019

    Date

    Active

    CRMLS: 19442396

    $829,000

    Price

  • Listing provided courtesy of CRMLS

    Prime investment opportunity situated within the flourishing Jefferson Park community. Three free-standing bungalows (no shared walls) consisting of one 2 bedroom/1 bath and two renovated 1 bedroom/1 bath units. Upgrades include new flooring throughout both 1-bedroom units & renovated kitchens with stainless steel appliances+new cabinets and countertops. Super central location on palm-tree lined 8th Avenue--just blocks away from the Metro Expo Line & numerous new trendy restaurants/coffee shops. Excellent return on investment with current rents totaling nearly $4k/mo.

  • June, 2019

  • Jun 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $775,000

    Price

  • August, 2017

  • Aug 2, 2017

    Date

    Sold

    CRMLS: 17200262

    $702,000

    Price

  • Aug 1, 2017

    Date

    Pending

    CRMLS: 17200262

    $769,000

    Price

  • Jun 15, 2017

    Date

    Active Under Contract

    CRMLS: 17200262

    $769,000

    Price

  • Jun 7, 2017

    Date

    Expired

    CRMLS: 17200262

    $769,000

    Price

  • May 16, 2017

    Date

    Price Change

    CRMLS: 17200262

    $769,000

    Price

  • Feb 7, 2017

    Date

    Active

    CRMLS: 17200262

    $789,000

    Price

  • Listing provided courtesy of CRMLS

    MOTIVATED SELLER! ALL REASONABLE OFFERS CONSIDERED. ALREADY FETCHING TOP MARKET RENT IN NICELY UPDATED 1BD. A MONEY SPINNER WITH UPSIDE BOTH IN CAP AND EQUITY. Great three-unit opportunity in up-and-coming Jefferson Park. Classic LA bungalow, breezy interior configurations. Three detached units with upside in rents and value. Both one bedroom units have been recently upgraded with wood floors, new countertops, new cabinets, new kitchen appliances. Gated tandem parking. Perfect owner occupy. Laundry on site!

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Tax History for 3103 8Th Ave

Assessed Value (2020): $790,500
Year Land Value Improved Value Assessed Value
2020 $663,000 $127,500 $790,500

Home Value Compared to the Market

This property vs the competition

3103 8Th Ave sold on August 13, 2021 for 26.47% 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 $560.9 per/sqft which puts the price per square foot 25.71% lower than the current median sale per square foot for the city of Los Angeles.

About 3103 8Th Ave

Detailed summary of property

3103 8Th Ave is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,560 living square feet, and sits on an approximately 5,603 square foot lot. 3103 8Th Ave was first listed on ArdentRealEstateGroup.com on April 1, 2021. The homeowner sold the property for $855,000. 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 26.47% lower than the current median priced home. Local homes that are currently for sale include 1362 W 37th Dr, 2524 S Sycamore Ave and 1286 W 39th Pl. While the average home in Los Angeles, CA is selling in 92 days, 3103 8Th Ave has a days on market of 50 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 3103 8Th Ave 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 3103 8Th Ave

Public county record property details
Beds
3
Baths
3
Year built
1925
Sq. Ft.
1,560
Lot Size
5,602
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5051-036-018

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
$949,000
Median List Price/Sq.Ft.
$684
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
53
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

Thinking of Selling?

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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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