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3319 Berkeley Ave, Los Angeles, CA 90026
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3319 Berkeley Ave Los Angeles, CA 90026

$1,900,000 Sold Price as of 10/07/2020
  • 8 Beds
  • 7 Baths
  • -- Sq.Ft.
Sold
$1,900,000 Sold Price as of 10/07/2020 Refinance Your Mortgage
Map preview of 3319 Berkeley Ave, Los Angeles, CA 90026

Property Overview: 3319 Berkeley Ave Los Angeles, CA has 8 bedrooms, 7 bathrooms, -- living square feet and 7,496 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4.29% CAP Rate on in Place Rents! Motivated Seller and Priced to Sell! Over 50% Rental Upside Potential! 3319 & 3321 Berkeley Ave is a unique double parcel property for sale in the heart of Silver Lake and the famous Sunset Junction! 3319 Berkeley Ave contains 6 individual bungalow units built in 1924 on one parcel, and 3321 Berkeley Ave is a separate 2+1 single family residence (SFR) on a separate parcel built in 1940. All the units have their own water heaters and are individually metered for gas & electric. This is a very low maintenance property with minor operating expenses. Street parking only with no soft story retrofit required; however, plenty of street parking available. The 2+1 SFR is non-RSO and is not under any city rent control laws, making this perfect for value-add investors or an owner user to collect healthy rental income year one. Do not miss this opportunity to buy this cash flowing property in arguably one of the best rental markets in LA!

Listed by Kamfar Kyle Mirrafati | BRE #01911204 | Matthews Real Estate Investment Services
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
7,496
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20609686
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,193
  • Total Rent: $1,193
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $871
  • Total Rent: $871
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $861
  • Total Rent: $861
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,504
  • Total Rent: $1,504
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $3,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.69
  • Gross Scheduled Income: --
  • Net Operating Income: $88,556
  • Gross Operating Income: $127,676
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3319 Berkeley Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5425001033
Location / Neighborhood
Location Information
  • Directions: See Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 3319 Berkeley Ave

Last sold for $1,900,000 on October 7th, 2020

  • October, 2020

  • Oct 9, 2020

    Date

    Sold

    CRMLS: 20609686

    $1,900,000

    Price

  • Sep 8, 2020

    Date

    Pending

    CRMLS: 20609686

    $2,065,000

    Price

  • Jul 27, 2020

    Date

    Active

    CRMLS: 20609686

    $2,065,000

    Price

  • October, 2020

  • Oct 6, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

  • October, 2016

  • Oct 14, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,655,500

    Price

Show More

Tax History for 3319 Berkeley Ave

Assessed Value (2020): $1,544,588
Year Land Value Improved Value Assessed Value
2020 $1,061,208 $483,380 $1,544,588

Home Value Compared to the Market

This property vs the competition

3319 Berkeley Ave sold on October 7, 2020 for 73.53% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 3319 Berkeley Ave

Detailed summary of property

3319 Berkeley Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 7 bathrooms, roughly -- living square feet, and sits on an approximately 7,496 square foot lot. 3319 Berkeley Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,900,000. 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 73.53% higher than the current median priced home. Local homes that are currently for sale include 4332 Lockwood Ave, 1115 N Madison Ave and 1917 Clinton St. While the average home in Los Angeles, CA is selling in 94 days, 3319 Berkeley Ave has a days on market of 42 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 3319 Berkeley Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3319 Berkeley Ave

Public county record property details
Beds
6
Baths
6
Year built
1924
Sq. Ft.
2,696
Lot Size
4,997
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5425-001-033

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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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