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3316 W 63rd St Los Angeles, CA 90043

$2,052,200 Sold Price as of 01/21/2021

86 Beds
86 Baths
8,015 Sq.Ft.

Sold

$2,052,200 Sold Price as of 01/21/2021 Refinance Your Mortgage

Map preview of 3316 W 63rd St, Los Angeles, CA 90043

Property Overview: 3316 W 63rd St Los Angeles, CA has 86 bedrooms, 86 bathrooms, 8,015 living square feet and 8,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Court is set. The list price is the minimum acceptable bid price. Agents please see private remarks for additional information. 14-unit apartment building with soft story retrofit completed and great upside potential located almost next to the new Metro Crenshaw line. All units are 1 bedroom and 1 bathroom. Building square footage is 8,015 situated on a 8,999 square foot lot. Located in the Park Mesa Heights neighborhood of South Los Angeles just south of Leimert Park. Probate sale, court confirmation is required.

Listed by Nancy Sanborn | BRE #00771096 | Berkshire Hathaway HomeServices California
Co-listed by Brian Joy | BRE #01324371 | Berkshire Hathaway HomeServices California

Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft: 8,999
HOA Dues: $0/mo
Year built: 1969
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20637510
City: Los Angeles
County: Los Angeles
Time on Site: 1224 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 14
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 9
# of Beds: 9
# of Baths: 9
Furnishing: Unfurnished
Actual Rent: $7,197
Total Rent: $7,197
Pro Forma/Market Rent: $7,197

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,100

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,100

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,100

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,100

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 11.48
Gross Scheduled Income: --
Net Operating Income: $21,632
Gross Operating Income: $152,362

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3316 W 63rd St

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Carport

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 14
Parcel Number: 4006010009

Location / Neighborhood

Location Information

Directions: East of Crenshaw Blvd, North of Hyde Park Blvd

View more facts & features

Local Los Angeles Agent

Sale History for 3316 W 63rd St

Last sold for $2,052,500 on January 21st, 2021

January, 2021
Jan 21, 2021

Date

Sold

CRMLS: 20637510

$2,052,200

Price
Dec 3, 2020

Date

Pending

CRMLS: 20637510

$2,052,200

Price
Oct 24, 2020

Date

Price Change

CRMLS: 20637510

$2,052,200

Price
Oct 9, 2020

Date

Active Under Contract

CRMLS: 20637510

$1,750,000

Price
Sep 25, 2020

Date

Active

CRMLS: 20637510

$1,750,000

Price
January, 2021
Jan 21, 2021

Date

Sold (Public Records)

Public Records

$2,052,500

Price
August, 2007
Aug 15, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 3316 W 63rd St

Assessed Value (2020): $888,753

Year	Land Value	Improved Value	Assessed Value
2020	$599,151	$289,602	$888,753

Home Value Compared to the Market

This property vs the competition

3316 W 63rd St sold on January 21, 2021 for 72.45% 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 $256.04 per/sqft which puts the price per square foot 66.09% lower than the current median sale per square foot for the city of Los Angeles.

About 3316 W 63rd St

Detailed summary of property

3316 W 63rd St is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 86 bedrooms, 86 bathrooms, roughly 8,015 living square feet, and sits on an approximately 8,999 square foot lot. 3316 W 63rd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,052,200. 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 72.45% higher than the current median priced home. Local homes that are currently for sale include 3913 S Budlong Ave, 3837 Montclair St and 4418 S Hoover St. While the average home in Los Angeles, CA is selling in 93 days, 3316 W 63rd St has a days on market of 14 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 3316 W 63rd St Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3316 W 63rd St

Public county record property details

Beds: 14
Baths: 14
Year built: 1969
Sq. Ft.: 8,015
Lot Size: 8,999
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 247
APN: 4006-010-009

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$965,000

Median List Price/Sq.Ft.

$612

Median Sold Price

$727,000

Median Sold Price/Sq.Ft.

$516

Total Inventory

Median Sale to List Price %

96.93%

Avg Days on Market

Loan Type

Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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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.