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3202 Minneapolis St, Los Angeles, CA 90039
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3202 Minneapolis St Los Angeles, CA 90039

$1,485,000 Sold Price as of 09/02/2022
  • 3 Beds
  • 3 Baths
  • 1,600 Sq.Ft.
Sold
$1,485,000 Sold Price as of 09/02/2022 Refinance Your Mortgage
Map preview of 3202 Minneapolis St, Los Angeles, CA 90039

Property Overview: 3202 Minneapolis St Los Angeles, CA has 3 bedrooms, 3 bathrooms, 1,600 living square feet and 5,404 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Class "A" triplex in prime Atwater Village. This stand alone home with detached single-story Duplex presents a rare opportunity for an Owner/User or Investor. Upgraded and well-maintained, each duplex unit features granite and marble counter tops, stainless appliances, auto-closing cabinets, high end fixtures, tile bathroom and private washer/dryer. With only one common wall, each unit also has a large fenced outdoor space, individual water heater, and is separately metered for gas and electricity. The detached garage offers 1 inside and 1 outside parking space per unit. Option to convert garage to Accessible Dwelling Unit (ADU) may be possible. Buyer must verify.The detached home is currently under renovation and ready for paint, fixtures, and finishes. The Seller will complete the house with luxury modern finishes or deliver in "Vanilla Shell" condition. This is a rare opportunity for an Owner/User or family member to live on property OR for an Investor to lease the freshly renovated home at a record high rental rate. This is an extremely rare offering where 2 of the 3 units are at near market rent and the detached home is delivered vacant. Seller has moved out of state and can no longer manage the asset.

Listed by Thomas Maloof | BRE #01856553 | Mr MGM Inc.
Last checked: 5 minutes ago | Last updated: September 9th, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
5,404
HOA Dues
$0/mo
Year built
1952
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
22176075
City
Los Angeles
County
Los Angeles
Time on Site
786 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 5
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.35%
  • Gross Rent Multiplier: 15.67
  • Gross Scheduled Income: --
  • Net Operating Income: $64,636
  • Gross Operating Income: $92,372
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3202 Minneapolis St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Room Information
  • Flooring: Wood, Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Interior Features
  • Ceiling Fan(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 3
  • Parcel Number: 5436020044
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Northeast corner property on Minneapolis Street and Larga Ave
View more facts & features

Local Los Angeles Agent

Sale History for 3202 Minneapolis St

Last sold for $1,485,000 on September 2nd, 2022

  • September, 2022

  • Sep 2, 2022

    Date

    Sold

    CRMLS: 22176075

    $1,485,000

    Price

  • Jul 11, 2022

    Date

    Active

    CRMLS: 22176075

    $1,485,000

    Price

  • February, 2021

  • Feb 13, 2021

    Date

    Leased

    CRMLS: 21685120

    $2,495

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: 21685120

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    One bedroom, one bathroom stunning duplex available now with large and private side yard!!! This dreamy home has been completely updated from top to bottom, every inch of the home was taken down to the studs and brought back to life, while still keeping the old charm and bursting at the seams with gorgeous updates. This house may be small but it is mighty with all the bells and whistles. Wood floors run throughout making this home feel warm, inviting, and chic. You will absolutely fall in love with the stylish kitchen complete with updated cupboards, farmhouse sink, stove, fridge, and dishwasher. The bedroom features ample closet space and plenty of room to stretch out. The bathroom features luxe Mediterranean style tiles, we can't get enough of those tiles, right! Pets will be considered with additional deposit, $500/dog, $300/ cat. One year lease. First months rent, security deposit and pet deposit due at lease signing. Tenant to pay gas, electric, and sanitation (trash).

  • January, 2021

  • Jan 7, 2021

    Date

    Expired

    CRMLS: 20600876

    $1,275,000

    Price

  • Oct 1, 2020

    Date

    Withdrawn

    CRMLS: 20600876

    $1,275,000

    Price

  • Sep 11, 2020

    Date

    Active Under Contract

    CRMLS: 20600876

    $1,275,000

    Price

  • Aug 25, 2020

    Date

    Price Change

    CRMLS: 20600876

    $1,275,000

    Price

  • Aug 6, 2020

    Date

    Active

    CRMLS: 20600876

    $1,295,000

    Price

  • Jul 20, 2020

    Date

    Active Under Contract

    CRMLS: 20600876

    $1,295,000

    Price

  • Jul 7, 2020

    Date

    Active

    CRMLS: 20600876

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    Fabulous triplex located in the heart of Atwater Village! 3202/3204 are an attached duplex, both sides have recently been fully renovated with gorgeous detailing. Both units feature beautiful, on trend, new kitchens and bathrooms with hard wood flooring running throughout. The duplex units are fully equipped with all the appliances necessary to make for a happy tenant; stove, fridge and an in-unit stackable washer/dryer. Each unit has its own unique and private outdoor space. A two-car garage is currently associated with the owner's unit but can easily be divided so that each half of the duplex has a one car garage. The third unit in the triplex is 3212 and is a free standing home, 1/1 with a fantastic bonus room, that showcases gorgeous vintage charm, a dedicated one car garage and lovely fruit trees.. Much of the plumbing and electrical has been updated, new roofing, new paint, gorgeous landscaping, many updates!

  • January, 2018

  • Jan 12, 2018

    Date

    Sold (Public Records)

    Public Records

    $940,000

    Price

  • December, 2015

  • Dec 7, 2015

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

  • October, 2015

  • Oct 13, 2015

    Date

    Price Change

    CRMLS: 15949929

    $775,000

    Price

  • Listing provided courtesy of CRMLS

    This is a great opportunity to purchase an excellent investment property in a great Atwater Village location. Situated on a large lot in a quiet neighborhood, the property consists of three units that feel more like small individual homes than apartments. The property consists of two buildings and two detached garages. One of the buildings includes a freestanding one-bedroom, one-bathroom unit plus den/office. The other building has two side-by-side, one-bedroom units. Each unit features its own private outdoor patio and garden area. The units are fully occupied and have tremendous upside potential in rents. This is an incredible investment opportunity and may also be well-suited for an owner/user or developer.

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Tax History for 3202 Minneapolis St

Assessed Value (2020): $977,976
Year Land Value Improved Value Assessed Value
2020 $546,210 $431,766 $977,976

Home Value Compared to the Market

This property vs the competition

3202 Minneapolis St sold on September 2, 2022 for 32.59% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $928.13 per/sqft which puts the price per square foot 28.19% higher than the current median sale per square foot for the city of Los Angeles.

About 3202 Minneapolis St

Detailed summary of property

3202 Minneapolis St is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,600 living square feet, and sits on an approximately 5,404 square foot lot. 3202 Minneapolis St was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,485,000. 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 32.59% higher than the current median priced home. Local homes that are currently for sale include 2160 Lake Shore Ave, 2241 Ewing St and 1922 Lake Shore Ave. While the average home in Los Angeles, CA is selling in 106 days, 3202 Minneapolis St has a days on market of 23 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 3202 Minneapolis St Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3202 Minneapolis St

Public county record property details
Beds
3
Baths
3
Year built
1952
Sq. Ft.
1,600
Lot Size
5,403
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5436-020-044

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,650,000
Median List Price/Sq.Ft.
$942
Median Sold Price
$1,059,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
58
Median Sale to List Price %
96.36%
Avg Days on Market
19
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (30.77%)

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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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