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3255 Larga Ave Los Angeles, CA 90039

$1,750,000 Sold Price as of 08/16/2019

10 Beds
7 Baths
4,844 Sq.Ft.

Sold

$1,750,000 Sold Price as of 08/16/2019 Refinance Your Mortgage

Map preview of 3255 Larga Ave, Los Angeles, CA 90039

Property Overview: 3255 Larga Ave Los Angeles, CA has 10 bedrooms, 7 bathrooms, 4,844 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presenting a very rare opportunity to own a true trophy property in the heart of Atwater Village. Consisting of 6 units, this 1930 Spanish style building exudes tons of character and charm. Immediately upon walking onto the property you are transformed to a bygone era full of exquisite details including gorgeous arched picture windows, high ceilings, built ins, and much more. There are 2 buildings on the property. The front building has three units including a large, two story owners unit with 3 bed 1.5 bath as well as large living and formal dining room. The other two units are both single story, one a 1 bed the other a 2 bed unit. The rear building has a 2 bedroom unit over the 3 large garages with plenty of windows and natural light, and two other 1 bed 1 bath units. There is also an on site laundry facility with coin operated machines. Pro Forma Cap 8% and GRM 10.54.

Listed by John Anthony Christopher | BRE #01416388 | Coldwell Banker Residential Br

Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 82

Home details

Lot Sq. Ft: 6,750
HOA Dues: $0/mo
Year built: 1930
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19501976
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,307
Total Rent: $2,307
Pro Forma/Market Rent: $3,500

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $913
Total Rent: $913
Pro Forma/Market Rent: $2,800

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,102
Total Rent: $1,102
Pro Forma/Market Rent: $2,600

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,371
Total Rent: $1,301
Pro Forma/Market Rent: $2,200

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,429
Total Rent: $1,429
Pro Forma/Market Rent: $2,000

Unit Breakdown 6

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

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4%
Gross Rent Multiplier: 17.86
Gross Scheduled Income: --
Net Operating Income: $80,006
Gross Operating Income: $111,864
Laundry Income: $1,200
Improvements Total: $315,750

Annual Expense Breakdown

Total Operating Expense: --
Insurance: $2,117
Water/Sewer: $3,434

Property Details for 3255 Larga Ave

Interior Features

Laundry Information

Has Laundry
Washer Included, Dryer Included

Exterior Features

Exterior Information

Roof: Composition

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Three Door

Lot Information

Lot Features: Sprinklers None
Lot Size Source: Assessor

Property Information

Total # of Units: 6
Parcel Number: 5436021019
Architectural Style: Spanish

Homeowners Association, Utilities, Taxes / Assessments

Assessment Information

No Assessments
Assessments: None

Location / Neighborhood

Location Information

Directions: Google Map

View more facts & features

Local Los Angeles Agent

Sale History for 3255 Larga Ave

Last sold for $1,750,000 on August 16th, 2019

August, 2019
Aug 20, 2019

Date

Sold

CRMLS: 19501976

$1,750,000

Price
Aug 20, 2019

Date

Pending

CRMLS: 19501976

--

Price
August, 2019
Aug 16, 2019

Date

Sold (Public Records)

Public Records

$1,750,000

Price
November, 2018
Nov 28, 2018

Date

Expired

CRMLS: 18366890

$1,845,000

Price
Sep 28, 2018

Date

Price Change

CRMLS: 18366890

$1,845,000

Price
Sep 10, 2018

Date

Active

CRMLS: 18366890

$1,895,000

Price
Sep 6, 2018

Date

Active Under Contract

CRMLS: 18366890

$1,895,000

Price
Jul 23, 2018

Date

Active

CRMLS: 18366890

$1,895,000

Price
Listing provided courtesy of CRMLS

Presenting a very rare opportunity to own a true trophy property in the heart of Atwater Village. This 1930 Spanish style building exudes tons of character and charm. Immediately upon walking onto the property you are transformed to a bygone era full of exquisite details including gorgeous arched picture windows, high ceilings, built ins, and much more. There are 2 buildings on the property. The front building has 3 units including a large, two story owners unit with 3 bed 1.5 bath as well as large living and formal dining room. The other two units are both single story, one a 1 bed the other a 2 bed unit. The rear building has new plumbing, electrical and roof and consists of a 2 bed unit over the 3 large garages with plenty of windows and natural light, and two other 1 bed 1 bath units. There is also an on site laundry facility with coin operated machines. There is huge upside potential as evidenced by the 1 bedroom unit recently rented for $2290 per month.

Continue Reading
June, 2018
Jun 9, 2018

Date

Expired

CRMLS: 18320660

$1,999,000

Price
Mar 8, 2018

Date

Active

CRMLS: 18320660

$1,999,000

Price
Listing provided courtesy of CRMLS
May, 2018
May 8, 2018

Date

Expired

CRMLS: 18316760

$2,495

Price
Apr 3, 2018

Date

Price Change

CRMLS: 18316760

$2,495

Price
Mar 22, 2018

Date

Active

CRMLS: 18316760

$2,595

Price
Listing provided courtesy of CRMLS

1930 Spanish style building exudes tons of character and charm. Immediately upon walking onto the property you are transformed to a bygone era full of exquisite details gorgeous arched picture windows, high ceilings, built ins and much more. Refinished hardwood floors throughout. New concrete looking tile floors in kitchen. Very large Kitchen with lots of cabinets. New walk in large shower. Close to all the restaurants and boutique shops in Atwater Village. Freshly painted interior. Rear yard.

Continue Reading
October, 2003
Oct 9, 2003

Date

Sold (Public Records)

Public Records

$590,000

Price

Tax History for 3255 Larga Ave

Assessed Value (2020): $1,750,000

Year	Land Value	Improved Value	Assessed Value
2020	$500,000	$1,250,000	$1,750,000

Home Value Compared to the Market

This property vs the competition

3255 Larga Ave sold on August 16, 2019 for 67.98% 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 $412.68 per/sqft which puts the price per square foot 45.34% lower than the current median sale per square foot for the city of Los Angeles.

About 3255 Larga Ave

Detailed summary of property

3255 Larga Ave is a multi family that recently sold in Los Angeles, CA 90039. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 4,844 living square feet, and sits on an approximately 6,750 square foot lot. 3255 Larga Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,750,000. 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 67.98% higher than the current median priced home. Local homes that are currently for sale include 2226 Branden St, 1627 Mccollum St and 4420 Verdugo Rd. While the average home in Los Angeles, CA is selling in 92 days, 3255 Larga Ave has a days on market of 82 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 3255 Larga Ave 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 3255 Larga Ave

Public county record property details

Beds: --
Baths: --
Year built: 1930
Sq. Ft.: 4,544
Lot Size: 6,750
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 5436-021-019

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

$1,695,000

Median List Price/Sq.Ft.

$910

Median Sold Price

$1,505,000

Median Sold Price/Sq.Ft.

$1,136

Total Inventory

Median Sale to List Price %

113.58%

Avg Days on Market

Loan Type

Conventional (23.08%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

Thinking of Selling?

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

(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.