Search
3318 Drew St, Los Angeles, CA 90065
View Photos

3318 Drew St Los Angeles, CA 90065

$2,000,000 Sold Price as of 11/21/2019
  • 15 Beds
  • 12 Baths
  • 7,881 Sq.Ft.
Sold
$2,000,000 Sold Price as of 11/21/2019 Refinance Your Mortgage
Map preview of 3318 Drew St, Los Angeles, CA 90065

Property Overview: 3318 Drew St Los Angeles, CA has 15 bedrooms, 12 bathrooms, 7,881 living square feet and 10,078 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: NOTE: 3318 AND 3324 Drew St are available for sale a, 24 units total (two 12 unit buildings side by side). Both will be sold as a portfolio for $4.64 Million. Located adjacent to Atwater Village and Glendale in the Glassell Park neighborhood, the Subject Properties consist of two (2) two-story apartment buildings consisting of twelve (12) units each. The Properties are comprised of eight (8) two bedroom/one bath units and sixteen (16) one bedroom/1 bath units. The Properties have been well maintained by the owner and offer strong upside potential in the rents and via reduced expenses. FIVE UNITS TO BE DELIVERED VACANT (TOTAL BETWEEN BOTH BUILDINGS)! The Properties are also situated on approximately 20,639 SF of land, making it a potential development opportunity. The Subject Property offers easy access to neighboring commercial districts such as Glendale, Atwater Village, Highland Park, Pasadena, Silver Lake, Echo Park, and Downtown LA. SOFT STORY PLANS COMPLETE

Listed by Eon Lew | BRE #01730294 | District Realty Group
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 75

Home details

Lot Sq. Ft
10,078
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19479022
City
Los Angeles
County
Los Angeles
Time on Site
1217 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $966
  • Total Rent: $966
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $872
  • Total Rent: $872
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,132
  • Total Rent: $1,132
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,246
  • Total Rent: $1,246
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,095
  • Total Rent: $1,095
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,270
  • Total Rent: $1,270
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,016
  • Total Rent: $1,016
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $901
  • Total Rent: $901
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $901
  • Total Rent: $901
  • Pro Forma/Market Rent: $1,580
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $872
  • Total Rent: $872
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.25%
  • Gross Rent Multiplier: 17
  • Gross Scheduled Income: --
  • Net Operating Income: $99,806
  • Gross Operating Income: $135,848
  • Improvements Total: $615,402
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3318 Drew St

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Attached Carport, Garage, Covered
Property Information
  • Total # of Units: 12
  • Parcel Number: 5458025013
Location / Neighborhood
Location Information
  • Directions: Located just east of Atwater Village just off of the 2 Freeway. Closest cross street Estara and Drew Street
View more facts & features

Local Los Angeles Agent

Sale History for 3318 Drew St

Last sold on August 17th, 2020

  • August, 2020

  • Aug 17, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2019

  • Nov 21, 2019

    Date

    Sold

    CRMLS: 19479022

    $2,000,000

    Price

  • Oct 15, 2019

    Date

    Active Under Contract

    CRMLS: 19479022

    $2,350,000

    Price

  • Sep 10, 2019

    Date

    Active

    CRMLS: 19479022

    $2,350,000

    Price

  • Jul 31, 2019

    Date

    Pending

    CRMLS: 19479022

    $2,350,000

    Price

  • Jul 16, 2019

    Date

    Price Change

    CRMLS: 19479022

    $2,350,000

    Price

  • Jul 12, 2019

    Date

    Price Change

    CRMLS: 19479022

    $2,400,000

    Price

  • Jun 18, 2019

    Date

    Active

    CRMLS: 19479022

    $2,600,000

    Price

  • January, 2019

  • Jan 7, 2019

    Date

    Canceled

    CRMLS: BB18139232

    $2,149,941

    Price

  • Nov 19, 2018

    Date

    Active

    CRMLS: BB18139232

    $2,149,941

    Price

  • Oct 26, 2018

    Date

    Active Under Contract

    CRMLS: BB18139232

    $2,149,941

    Price

  • Oct 11, 2018

    Date

    Active

    CRMLS: BB18139232

    $2,149,941

    Price

  • Sep 12, 2018

    Date

    Active Under Contract

    CRMLS: BB18139232

    $2,149,941

    Price

  • Aug 10, 2018

    Date

    Price Change

    CRMLS: BB18139232

    $2,149,941

    Price

  • Jul 13, 2018

    Date

    Active

    CRMLS: BB18139232

    $2,549,945

    Price

  • Listing provided courtesy of CRMLS

  • December, 2012

  • Dec 27, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3318 Drew St

Assessed Value (2020): $1,408,435
Year Land Value Improved Value Assessed Value
2020 $754,406 $654,029 $1,408,435

Home Value Compared to the Market

This property vs the competition

3318 Drew St sold on November 21, 2019 for 97.48% 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 $298.19 per/sqft which puts the price per square foot 60.51% lower than the current median sale per square foot for the city of Los Angeles.

About 3318 Drew St

Detailed summary of property

3318 Drew St is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 15 bedrooms, 12 bathrooms, roughly 7,881 living square feet, and sits on an approximately 10,078 square foot lot. 3318 Drew St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,000,000. 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 97.48% higher than the current median priced home. Local homes that are currently for sale include 1889 Lemoyne St, 2226 Branden St and 2523 Lyric Ave. While the average home in Los Angeles, CA is selling in 94 days, 3318 Drew St has a days on market of 75 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 3318 Drew 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 3318 Drew St

Public county record property details
Beds
14
Baths
12
Year built
1959
Sq. Ft.
7,881
Lot Size
10,078
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
51
APN
5458-025-013

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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 3318 Drew St

Nearby Homes for Sale

3121 Silver Lake Blvd, Los Angeles, CA 90039
$1,999,000
4 Beds
4 Baths
2007 Sq.Ft.
3121 Silver Lake Blvd
Los Angeles, CA 90039
3615 Edenhurst Ave, Los Angeles, CA 90039
$1,725,000
2 Beds
2 Baths
1420 Sq.Ft.
3615 Edenhurst Ave
Los Angeles, CA 90039
4311 Eagle Rock Blvd, Los Angeles, CA 90041
$2,099,995
8 Beds
8 Baths
5717 Sq.Ft.
4311 Eagle Rock Blvd
Los Angeles, CA 90041
2641 Riverside Terrace, Los Angeles, CA 90039
$2,195,000
6 Beds
7 Baths
2458 Sq.Ft.
2641 Riverside Terrace
Los Angeles, CA 90039
2672 Newell St, Los Angeles, CA 90039
$1,838,000
5 Beds
4 Baths
2465 Sq.Ft.
2672 Newell St
Los Angeles, CA 90039
2445 Lake View Ave, Los Angeles, CA 90039
$1,699,000
5 Beds
5 Baths
2530 Sq.Ft.
2445 Lake View Ave
Los Angeles, CA 90039
2642 Queen St, Los Angeles, CA 90039
$2,095,000
6 Beds
8 Baths
3540 Sq.Ft.
2642 Queen St
Los Angeles, CA 90039
4123 Edenhurst Ave, Los Angeles, CA 90039
$1,799,000
5 Beds
4 Baths
3296 Sq.Ft.
4123 Edenhurst Ave
Los Angeles, CA 90039
2221 Addison Way, Los Angeles, CA 90041
$2,100,000
8 Beds
8 Baths
5144 Sq.Ft.
2221 Addison Way
Los Angeles, CA 90041
3025 St George St, Los Angeles, CA 90027
$2,100,000
4 Beds
3 Baths
1893 Sq.Ft.
3025 St George St
Los Angeles, CA 90027
2618 Carleton Ave, Los Angeles, CA 90065
$1,700,000
0 Beds
12 Baths
2376 Sq.Ft.
2618 Carleton Ave
Los Angeles, CA 90065
2250 Duane, Los Angeles, CA 90039
$1,680,000
8 Beds
5 Baths
3236 Sq.Ft.
2250 Duane
Los Angeles, CA 90039

Recently Sold Homes Near 3318 Drew St

3155 Estara Ave, Los Angeles, CA 90065
$1,715,000 Last Sold Price
9 Beds
6 Baths
3590 Sq.Ft.
3155 Estara Ave
Los Angeles, CA 90065
3321 Andrita St, Los Angeles, CA 90065
$725,000 Last Sold Price
3 Beds
3 Baths
2080 Sq.Ft.
3321 Andrita St
Los Angeles, CA 90065
3300 Andrita St, Los Angeles, CA 90065
$1,187,500 Last Sold Price
4 Beds
2 Baths
1822 Sq.Ft.
3300 Andrita St
Los Angeles, CA 90065
3124 Estara Ave, Los Angeles, CA 90065
$950,950 Last Sold Price
5 Beds
3 Baths
2281 Sq.Ft.
3124 Estara Ave
Los Angeles, CA 90065

Related Resources to 3318 Drew St

New Listings in 90065
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote