View Photos

3124 Rowena Ave Los Angeles, CA 90027

$3,100,000 Sold Price as of 09/16/2019

12 Beds
10 Baths
8,428 Sq.Ft.

Sold

$3,100,000 Sold Price as of 09/16/2019 Refinance Your Mortgage

Map preview of 3124 Rowena Ave, Los Angeles, CA 90027

Property Overview: 3124 Rowena Ave Los Angeles, CA has 12 bedrooms, 10 bathrooms, 8,428 living square feet and 8,222 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a ten-unit multifamily property located at 3124 Rowena Avenue in Los Feliz, California. The property is situated just west of Hyperion Avenue and north of Griffith Park Boulevard.In addition, residents of this property enjoy many benefits, including close proximity to the trendy Los Feliz Village. The property is well maintained and offers plenty of tuck-under parking. The large units come equipped with a balcony in a majority of the units. Rowena Avenue is considered to be one of the best streets in the submarket. Additionally, the property is across the street from the Rowena Reservoir. The property is separately metered for gas and electric.The property offers an investor a well maintained asset with huge rental upside potential in a prime rental pocket. Offers are subject to overbid and court confirmation. Please contact agent for more details.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap

Last checked: 5 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft: 8,222
HOA Dues: $0/mo
Year built: 1973
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19502348
City: Los Angeles
County: Los Angeles
Time on Site: 1207 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,095
Total Rent: $2,095
Pro Forma/Market Rent: $2,200

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,502
Total Rent: $1,502
Pro Forma/Market Rent: $2,200

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,027
Total Rent: $1,027
Pro Forma/Market Rent: $2,200

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,441
Total Rent: $1,441
Pro Forma/Market Rent: $2,200

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,475
Total Rent: $1,475
Pro Forma/Market Rent: $3,200

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,040
Total Rent: $1,040
Pro Forma/Market Rent: $2,200

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,095
Total Rent: $2,095
Pro Forma/Market Rent: $2,200

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,195
Total Rent: $2,195
Pro Forma/Market Rent: $2,200

Unit Breakdown 9

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,414
Total Rent: $1,414
Pro Forma/Market Rent: $3,200

Unit Breakdown 10

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,295
Total Rent: $2,295
Pro Forma/Market Rent: $2,200

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.99%
Gross Rent Multiplier: 15.58
Gross Scheduled Income: --
Net Operating Income: $123,694
Gross Operating Income: $198,965
Improvements Total: $565,462

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3124 Rowena Ave

Interior Features

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Parking Space

Property Information

Total # of Units: 10
Parcel Number: 5433027022

Location / Neighborhood

Location Information

Directions: The property is situated just west of Hyperion Avenue and north of Griffith Park Boulevard.

View more facts & features

Local Los Angeles Agent

Sale History for 3124 Rowena Ave

Last sold for $3,100,000 on September 16th, 2019

September, 2019
Sep 20, 2019

Date

Sold

CRMLS: 19502348

$3,100,000

Price
Aug 30, 2019

Date

Pending

CRMLS: 19502348

$3,100,000

Price
Aug 21, 2019

Date

Active

CRMLS: 19502348

$3,100,000

Price
September, 2019
Sep 11, 2019

Date

Sold (Public Records)

Public Records

$3,100,000

Price
July, 2017
Jul 6, 2017

Date

Sold (Public Records)

Public Records

$2,725,000

Price

Tax History for 3124 Rowena Ave

Assessed Value (2020): $3,101,000

Year	Land Value	Improved Value	Assessed Value
2020	$2,000,000	$1,101,000	$3,101,000

Home Value Compared to the Market

This property vs the competition

3124 Rowena Ave sold on September 16, 2019 for 160.5% higher 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 $367.82 per/sqft which puts the price per square foot 51.28% lower than the current median sale per square foot for the city of Los Angeles.

About 3124 Rowena Ave

Detailed summary of property

3124 Rowena Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 12 bedrooms, 10 bathrooms, roughly 8,428 living square feet, and sits on an approximately 8,222 square foot lot. 3124 Rowena Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,100,000. 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 160.5% higher than the current median priced home. Local homes that are currently for sale include 1425 N Normandie Ave, 3522 Bellevue Ave and 1214 N Kingsley Dr. While the average home in Los Angeles, CA is selling in 96 days, 3124 Rowena Ave has a days on market of 8 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 3124 Rowena Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3124 Rowena Ave

Public county record property details

Beds: 12
Baths: 12
Year built: 1973
Sq. Ft.: 8,428
Lot Size: 8,222
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 23
APN: 5433-027-022

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,399,000

Median List Price/Sq.Ft.

$989

Median Sold Price

$1,785,930

Median Sold Price/Sq.Ft.

$941

Total Inventory

Median Sale to List Price %

99.49%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 3124 Rowena Ave

Nearby Homes for Sale

Recently Sold Homes Near 3124 Rowena Ave

2900 Griffith Park Blvd, Los Angeles, CA 90027

$1,400,000 Last Sold Price

3 Beds

3 Baths

2106 Sq.Ft.

2900 Griffith Park Blvd
Los Angeles, CA 90027

$1,933,000 Last Sold Price

2 Beds

2 Baths

1528 Sq.Ft.

3153 Ettrick St
Los Angeles, CA 90027

2807 St George St, Los Angeles, CA 90027

$5,450,000 Last Sold Price

20 Beds

16 Baths

13612 Sq.Ft.

2807 St George St
Los Angeles, CA 90027

$3,240,000 Last Sold Price

72 Beds

72 Baths

-- Sq.Ft.

3827 Evans St
Los Angeles, CA 90027

Related Resources to 3124 Rowena Ave

New Listings in 90027

Popular Zip Codes

Popular Cities

Other Los Angeles Resources

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.