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3316 Merced St, Los Angeles, CA 90065
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3316 Merced St Los Angeles, CA 90065

$665,000 Sold Price as of 08/03/2021
  • 4 Beds
  • 2 Baths
  • 1,421 Sq.Ft.
Sold
$665,000 Sold Price as of 08/03/2021 Refinance Your Mortgage
Map preview of 3316 Merced St, Los Angeles, CA 90065

Property Overview: 3316 Merced St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,421 living square feet and 5,599 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime location for this Spanish style duplex in the heart of Los Angeles! This investment property sits in a high demand area with tremendous upside potential! The neighborhood is full of pride of ownership and would make an amazing addition to your rental portfolio. Two detached units, each 2 bedroom and 1 bath. The back unit has a bonus room that can be used as an office or an oversized pantry. Large lot with plenty of parking and possibility of adding an ADU. This property is centrally located in the popular and upcoming neighborhoods of Cypress Park, Atwater Village, Glassell Park and much more! Short drive to all freeways, Pasadena, Downtown Los Angeles, Glendale, and Los Angeles Dodger stadium. Both units are being delivered with cooperative tenants who pay ALL their own utilities including water. Seller recently replaced both roofs with permits and this property is ready for a new owner!

Listed by Sergio Orzynski | BRE #01998128 | Keller Williams Pacific Estate
Last checked: 10 minutes ago | Last updated: December 5th, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
5,599
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21112782
City
Los Angeles
County
Los Angeles
Time on Site
1086 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,096
  • Total Rent: $1,096
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,356
  • Total Rent: $1,356
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $29,424
  • Net Operating Income: $28,224
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,200
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $1,200
  • Water/Sewer: $0

Property Details for 3316 Merced St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5453020022
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit 110 North. Keep right toward Figueroa. Turn right onto Merced.
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 3316 Merced St

Last leased for $3,150 on December 4th, 2022

  • December, 2022

  • Dec 4, 2022

    Date

    Leased

    CRMLS: WS22209703

    $3,150

    Price

  • Sep 26, 2022

    Date

    Active

    CRMLS: WS22209703

    $3,900

    Price

  • Listing provided courtesy of CRMLS

    Two units Chic Spanish bungalow is FULLY renovated in 2022 with new hardwood floor throughout the whole house, new painted walls, in-unit laundry, new modern kitchen, new bathroom, and new landscaping in backyard. The UNIQUE location makes it affordable and convenient. It is at the center of trendy neighborhoods Cypress Park, which is a 10-minute-drive to Silver Lake, Echo Park, Eagle Rock, Highland Park, and DTLA. You will have it all. The beautiful backyard is perfect for friends' gatherings and BBQs on summer nights. The neighborhood is safe and friendly. There is a market just across the street. And street parking is very easy to find. $3,900/Monthly for each unit.

  • October, 2022

  • Oct 25, 2022

    Date

    Leased

    CRMLS: WS22211308

    $3,300

    Price

  • Sep 28, 2022

    Date

    Active

    CRMLS: WS22211308

    $3,900

    Price

  • Listing provided courtesy of CRMLS

    Two units Chic Spanish bungalow is FULLY renovated in 2022 with new hardwood floor throughout the whole house, new painted walls, in-unit laundry, new modern kitchen, new bathroom, and new landscaping in backyard. The UNIQUE location makes it affordable and convenient. It is at the center of trendy neighborhoods Cypress Park, which is a 10-minute-drive to Silver Lake, Echo Park, Eagle Rock, Highland Park, and DTLA. You will have it all. The beautiful backyard is perfect for friends' gatherings and BBQs on summer nights. The neighborhood is safe and friendly. There is a market just across the street. And street parking is very easy to find. $3,900/Monthly for each unit.

  • August, 2021

  • Aug 3, 2021

    Date

    Sold

    CRMLS: PW21112782

    $665,000

    Price

  • Jun 15, 2021

    Date

    Pending

    CRMLS: PW21112782

    $675,000

    Price

  • May 27, 2021

    Date

    Active

    CRMLS: PW21112782

    $675,000

    Price

  • May 27, 2021

    Date

    Coming Soon

    CRMLS: PW21112782

    $675,000

    Price

  • April, 2020

  • Apr 23, 2020

    Date

    Expired

    CRMLS: DW19155237

    $630,777

    Price

  • Jan 28, 2020

    Date

    Withdrawn

    CRMLS: DW19155237

    $630,777

    Price

  • Jul 1, 2019

    Date

    Active

    CRMLS: DW19155237

    $630,777

    Price

  • Listing provided courtesy of CRMLS

    THIS AMAZING DUPLEX OPPORTUNITY IN THE HEART OF LOS ANGELES WILL NOT LAST!!!! TWO UNITS IN A HIGH DEMAND AREA EACH UNIT CONSIST 2 BEDROOM AND 1 BATH, ONE UNIT HAS AN ADDITIONAL BONUS ROOM THAT CAN BE USED AS AN OFFICE OR A 3RD BED ROOM. THIS AWESOME SPANISH STYLE PROPERTY IS PERFECT TO ADD TO YOUR REAL ESTATE PORTFOLIO, UNITS HAVE LOTS OF POTENTIAL WITH LOTS OF UPSIDE. PROPERTY IS CENTRALLY LOCATED IN FAST AND UPCOMING NEIGHBORHOOD LIKE CYPRESS PARK, ATWATER VILLAGE,GLASSELL PARK AND MANY MORE. CLOSE TO DRIVING DISTANCE FROM ALL FREEWAYS,PASADENA,DOWNTOWN LOS ANGELES,GLENDALE AND LOS ANGELES DODGER STADIUM. THIS HOME IS PERFECT FOR COMMUTERS AND BUSINESS OWNERS. UNITS ARE OCCUPIED BY TENANTS.SELLER JUST REPLACE OLD ROOF WITH ALL NEW ROOF COMPLETELY DONE WITH ALL PERMITS LOOKS AMAZING.

  • February, 2019

  • Feb 2, 2019

    Date

    Expired

    CRMLS: DW18216618

    $598,000

    Price

  • Nov 7, 2018

    Date

    Active

    CRMLS: DW18216618

    $598,000

    Price

  • Oct 16, 2018

    Date

    Active Under Contract

    CRMLS: DW18216618

    $598,000

    Price

  • Sep 6, 2018

    Date

    Active

    CRMLS: DW18216618

    $598,000

    Price

  • Sep 5, 2018

    Date

    Hold

    CRMLS: DW18216618

    $598,000

    Price

  • Sep 5, 2018

    Date

    Active

    CRMLS: DW18216618

    $598,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment opportunity In a high demand location!!! Spanish style property features two separate dwellings. Each unit consist of 2 bedrooms and 1 bathroom (one unit has bonus room). Great area to invest in. Fast and upcoming neighborhood in Los Angeles, just minutes from DTLA, Silver Lake, Glendale, and Dodger Stadium.

  • March, 2016

  • Mar 4, 2016

    Date

    Price Change

    CRMLS: 16103230

    $520,000

    Price

  • Listing provided courtesy of CRMLS

    Duplex Investment. Two 2 bedroom units and 1 bath, back unit has additional bonus room. Well-kept units overall, although some light work might be needed to spruce it up. Back unit has convenient driveway access. Property is sold with tenants, submit offers subject to inspection. Great investment, with steady income.

  • April, 2004

  • Apr 30, 2004

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

Show More

Tax History for 3316 Merced St

Assessed Value (2020): $455,007
Year Land Value Improved Value Assessed Value
2020 $325,007 $130,000 $455,007

Home Value Compared to the Market

This property vs the competition

3316 Merced St sold on August 3, 2021 for 43.28% 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 $475.02 per/sqft which puts the price per square foot 37.08% lower than the current median sale per square foot for the city of Los Angeles.

About 3316 Merced St

Detailed summary of property

3316 Merced St is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,421 living square feet, and sits on an approximately 5,599 square foot lot. 3316 Merced St was first listed on ArdentRealEstateGroup.com on May 27, 2021. The homeowner sold the property for $665,000. 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 43.28% lower than the current median priced home. Local homes that are currently for sale include 1160 S Dacotah St, 1160 S Dacotah St and 120 S Sunol Dr. While the average home in Los Angeles, CA is selling in 94 days, 3316 Merced St has a days on market of 18 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 3316 Merced St Los Angeles, CA 90065 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3316 Merced St

Public county record property details
Beds
4
Baths
2
Year built
1920
Sq. Ft.
1,421
Lot Size
5,599
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
5453-020-022

The source for these homes facts are from public records.

90065 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,190,000
Median List Price/Sq.Ft.
$746
Median Sold Price
$1,029,752
Median Sold Price/Sq.Ft.
$695
Total Inventory
76
Median Sale to List Price %
101.06%
Avg Days on Market
29
Loan Type
Conventional (18.75%), FHA (0%), VA (0%), Cash (12.5%), Other (6.25%)

Thinking of Selling?

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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.

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