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3252 Overland Ave, Los Angeles, CA 90034
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3252 Overland Ave Los Angeles, CA 90034

$10,200,000 Sold Price as of 02/14/2023
  • 41 Beds
  • 38 Baths
  • 25,971 Sq.Ft.
Sold
$10,200,000 Sold Price as of 02/14/2023 Refinance Your Mortgage
Map preview of 3252 Overland Ave, Los Angeles, CA 90034

Property Overview: 3252 Overland Ave Los Angeles, CA has 41 bedrooms, 38 bathrooms, 25,971 living square feet and 23,309 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present for sale a generational opportunity to acquire 32 units at 3252 Overland Avenue. Ideally located in the heart of LA's vibrant Westside, this pride of ownership property is available to be purchased for the first time in decades. Ownership has made significant capital improvements to many aspects of the building which make this an ideal value-add opportunity requiring little of the new owner outside of unit renovations. The property features an ideal unit mix consisting of (3) studios, (17) 1+1, (4) 1+1+den, (2) 2+1, and (6) 2+2. Each of these floor plans are large and flooded with natural light. This mid-century gem has a one-of-a kind facade and features a beautiful courtyard area complete with a sparkling pool. Select units have been finished with laminate wood flooring, upgraded cabinetry, and granite countertops. The building offers its residents a secure intercom entry, air conditioned units, balconies, an on-site laundry room, and ample secure parking. Ownership has completed all seismic soft story parking retrofit work. Within walking distance of high-end dining, nightlife, and an abundance of recreational activities, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Listed by Robert Renshaw | BRE #01332831 | REMAX COMMERCIAL & INVESTMENT REALTY
Co-listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 16 minutes ago | Last updated: February 14th, 2023 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
23,309
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22218541
City
Los Angeles
County
Los Angeles
Time on Site
542 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 32
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,157
  • Total Rent: $12,944
  • Pro Forma/Market Rent: $19,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $4,699
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $6,801
  • Pro Forma/Market Rent: $10,000
Unit Breakdown 4
  • # of Units: 17
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,761
  • Total Rent: $29,938
  • Pro Forma/Market Rent: $38,250
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,314
  • Total Rent: $3,942
  • Pro Forma/Market Rent: $5,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: 14.6
  • Gross Scheduled Income: --
  • Net Operating Income: $454,029
  • Gross Operating Income: $715,768
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3252 Overland Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 39
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 32
  • Parcel Number: 4314025040
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Overland just north of Rose
View more facts & features

Local Los Angeles Agent

Sale History for 3252 Overland Ave

Last sold for $10,200,000 on February 14th, 2023

  • February, 2023

  • Feb 14, 2023

    Date

    Sold

    CRMLS: 22218541

    $10,200,000

    Price

  • Nov 15, 2022

    Date

    Active

    CRMLS: 22218541

    $10,850,000

    Price

  • February, 2020

  • Feb 28, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3252 Overland Ave

Assessed Value (2020): $935,028
Year Land Value Improved Value Assessed Value
2020 $196,140 $738,888 $935,028

Home Value Compared to the Market

This property vs the competition

3252 Overland Ave sold on February 14, 2023 for 769.75% 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 $398.52 per/sqft which puts the price per square foot 47.22% lower than the current median sale per square foot for the city of Los Angeles.

About 3252 Overland Ave

Detailed summary of property

3252 Overland Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 41 bedrooms, 38 bathrooms, roughly 25,971 living square feet, and sits on an approximately 23,309 square foot lot. 3252 Overland Ave was first listed on ArdentRealEstateGroup.com on November 15, 2022. The homeowner sold the property for $10,200,000. 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 769.75% higher than the current median priced home. Local homes that are currently for sale include 2041 N Vermont Ave, 155 S Oak Knoll Ave and 1728 N Sierra Bonita Ave. While the average home in Los Angeles, CA is selling in 93 days, 3252 Overland Ave has a days on market of 31 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3252 Overland Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3252 Overland Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
25,971
Lot Size
23,309
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
--
APN
4314-025-040

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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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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