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3319 Primera Ave, Los Angeles, CA 90068
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3319 Primera Ave Los Angeles, CA 90068

$1,379,000
  • 4 Beds
  • 4 Baths
  • 1,764 Sq.Ft.
For Sale
$1,379,000 Get Pre-Qualified
Map preview of 3319 Primera Ave, Los Angeles, CA 90068

Property Overview: 3319 Primera Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 1,764 living square feet and 6,258 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICED TO SELL!!! Experience the allure of Old Hollywood Hills and the magical feel of living on Primera Avenue! Located in the heart of Hollywood, this enchanting property is ideally located near studios, and the city's finest restaurants, shopping, and entertainment. With Hollywood's bustling energy just steps away, the new owners will revel in the convenience of city living, while enjoying the privacy and serenity of their own oasis. This unique building was originally built in 1936 and has since been renovated into a triplex, creating a spacious 2BR + 2BA Owner's Unit, an additional 2BR + 1BA, and a cozy studio. The Owner's unit (2+2) became available on March 1, 2024. The other two units are leased and bringing in generous monthly income. The Owner's Suite is complete with Old Hollywood period accents, hardwood floors, and high ceilings that exude timeless elegance. The step-down living room with a fireplace provides a warm and inviting ambiance and a front deck outside the living room offers panoramic views, the perfect setting for sipping coffee, morning yoga, or enjoying a good book. If you are a high-powered Executive, go about your daily work from a comfortable natural office space. Feel the breezes, while making deals, relaxing on your overstuffed rattan sofa, doing it YOUR way! The beautiful gourmet granite kitchen and recessed lighting provide modern convenience, while the spacious master bedroom with and bath offer a sanctuary of comfort and privacy. Enter from the street through lush gardens into a large private patio with a fireplace that is waiting for the right host to entertain family and friends and create new memories. This property is a rare find in this area and the current owners are waiting to pass the torch to the next generation as they prepare for retirement. Take advantage of this opportunity and contact us to schedule a showing to get you on your way to owning a property that earns monthly income to make your life easier! The two leases are month-to-month, and both are under 10 years, making it possible to pursue owner occupancy on the lower end of the relocation fee scale through direct new owner-tenant negotiation, abiding by LA's RSO guidelines to properly relocate the tenant. *Shown with Accepted Offer or LOI + Proof of Funds, and 24-HOUR NOTICE. ***OWNER'S UNIT WILL BE DELIVERED VACANT*** Building Subject to LA Rent Control, RSO.

Listed by Rachelle Cano | BRE #01995061 | Plush Home Int'l Realty
Co-listed by Joseph Schiro | BRE #01162621 | Plush Home Int'l Realty
Last checked: 58 seconds ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 165
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Home details

Lot Sq. Ft
6,258
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23331045
City
Los Angeles
County
Los Angeles
Time on Site
165 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,100
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,362
  • Total Rent: $2,362
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,515
  • Total Rent: $1,515
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: 14.61
  • Gross Scheduled Income: --
  • Net Operating Income: $56,985
  • Gross Operating Income: $95,724
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3319 Primera Ave

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Property Details for 3319 Primera Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Fireplace Information
  • Has Fireplace
  • Living Room, Decorative
Room Information
  • Flooring: Wood, Tile
  • Primary Bathroom, Living Room
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • High Ceilings
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Canyon
  • Total # of Units: 3
  • Parcel Number: 5579019020
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Barham to Lake Hollywood to Primera Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 3319 Primera Ave

Last sold for $518,000 on August 22nd, 2003

  • November, 2023

  • Nov 13, 2023

    Date

    Active

    CRMLS: 23331045

    $1,399,000

    Price

  • September, 2023

  • Sep 28, 2023

    Date

    Expired

    CRMLS: 23255643

    $1,399,000

    Price

  • Mar 30, 2023

    Date

    Active

    CRMLS: 23255643

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    Experience the allure of Hollywood living as an INVESTOR, or FUTURE RESIDENT, with this magnificent updated triplex, originally built in 1936, nestled in the lush, green hills, and brimming with endless investment possibilities. ***With 4 bedrooms and 4 bathrooms in total, and although NOT being delivered vacant, this property is the perfect investment for those investors looking to maximize their income potential, seeking a lucrative opportunity to hedge against inflation. This unique income property boasts 3 separate units, including a 2BR potential owner's unit (now rented) with a roomy deck for outdoor living, a charming 2+1 unit with a private patio, and a cozy studio. ***QUESTION: Can the New Buyer eventually reside on the property? ***Answer: "YES, but through an owner-occupancy eviction process under LA City ROS rules it IS possible to live on the property." The 2-Bedroom Owner's Suite is complete with Old Hollywood period accents, hardwood floors, and high ceilings that exude timeless elegance. The step-down living room with a fireplace provides a warm and inviting ambiance and a front deck outside the living room offers panoramic views, the perfect setting for sipping coffee or enjoying a good book. The beautiful gourmet granite kitchen and recessed lighting provide modern convenience while the spacious master bedroom with an ensuite bath offers a sanctuary of comfort and privacy. The large private rear patio with a fireplace is an entertainer's dream, calling out for family and friends to gather and make memories. Such a unique property as this presents a secure investment opportunity that holds its value over time, outperforming inflation and offering buyers and investors an instant cash flow with reliable monthly income from ALL THREE RENTAL UNITS CURRENTLY LEASED. Located in the heart of Hollywood, it is ideally located near the city's finest restaurants, shopping, and entertainment. With Hollywood's bustling energy just steps away, residents will revel in the convenience of city living while enjoying the privacy and serenity of their own oasis. Don't miss out on this incredible investment opportunity. Contact me today to schedule a private showing and explore the potential of Hollywood living as an investor or possibly for yourself in the future. Come and feel the magical vibes of Primera Avenue! It is truly a one-of-a-kind building and opportunity. ***Shown with accepted offer or LOI + Proof of Funds, and 24 hr notice to tenants M-F. ***This building is subject to LA CITY RENT CONTROL AND RSO. ***Owner Occupancy Eviction Available under RSO. ***NO UNITS WILL BE DELIVERED VACANT. Any tenant relocation to be buyer's responsibility after close of escrow. Thank you. ***If you are not familiar with RSO, please go the LAHD website at: https://housing.lacity.org/residents/rso-overview

  • March, 2023

  • Mar 28, 2023

    Date

    Canceled

    CRMLS: 22123025

    $1,499,000

    Price

  • Jan 31, 2022

    Date

    Active

    CRMLS: 22123025

    $1,849,000

    Price

  • Listing provided courtesy of CRMLS

    Price reduced for immediate sale! Fully occupied money maker! Fabulous triplex located in prime Hollywood Hills. Two bedroom owners unit features many original period details. Step down living room with fireplace, hardwood floors, high ceilings, gourmet granite kitchen, recessed lighting and updated baths. Master with en-suite, 2nd bedroom with built in bookshelves, Front deck off the living room offers lovely canyon views. Large private rear patio with fireplace. Two additional updated units provide great income. A wonderful opportunity to own a unique and special property, in one of LA's best locations!

  • November, 2021

  • Nov 13, 2021

    Date

    Price Change

    CRMLS: CV21199917

    $1,990,000

    Price

  • Sep 10, 2021

    Date

    Active

    CRMLS: CV21199917

    $2,490,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION FOR QUICK SALE!! 3 residences on a lot for sale. Duplex and single-family residence compound featuring three residences provide 3000 SF of living area, on a spacious 6,258 SF mid-block lot. the main house is ready to move in. Owner Occupier to Generate Income and Live the Hollywood Lifestyle. Live Comfortably in a Prime Hollywood Location on a PRIVATE STREET that Offers Tremendous Neighborhood Hollywood Hills Views /walking distance to Universal Studios. Immense Privacy. It really is a Sanctuary. The property offers a home with 2 bedrooms and 2 baths, a living room with an elegant fireplace, renovated kitchen with Stanly steel appliances included, and a fireplace. Private patio with fireplace in the back yard approx. 200X260 SF. Plus a wood deck in the front of approx. 300x50 SF. 2 bedrooms 1 bath and sliding door to the back yard with private patio approx. 358X128 SF. A Single with a kitchen-living room, bedroom & bathroom. Too many Features & Upgrades to mention. Fresh Paint, Fully Upgraded Kitchens, and bathrooms. Service room with laundry room, water heater, washer & dryer included. Private Balcony/Patios, Abundant Parking + Carport Garage. Ultra Prime Hollywood Locale with Convenience to Studios, Restaurants, and the Cities Best Hiking Trails. (( Per county assessors square foot shows 1,764 )) The actual square feet is 3000 square feet. 3319 Primavera Ave. Unit 1- Single rented for $1436.00 approximately 719 square feet. Unit 2- 2 bedrooms 1 bath rented for $ 2,375.00 approximately 983 square feet. unit 3- 2 bedrooms 2 baths could be rented for $3300. or owner user STANDARD SALE- SELLER MOTIVATED, BRING ONLY SERIOUS OFFERS. SUBJECT TO 1031 DEFER EXCHANGE AT NO COST TO THE BUYER. Buyers to verify all legal aspects with the City of Los Angeles. Property is sold "AS-IS" in its PRESENT physical condition.

  • August, 2003

  • Aug 22, 2003

    Date

    Sold (Public Records)

    Public Records

    $518,000

    Price

Show More

Tax History for 3319 Primera Ave

Assessed Value (2020): $674,053
Year Land Value Improved Value Assessed Value
2020 $429,010 $245,043 $674,053

Home Value Compared to the Market

This property vs the competition

3319 Primera Ave is listed 10.41% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $781.75 per/sqft which puts the price per square foot 1.26% higher than the median price per square foot for the city of Los Angeles.

About 3319 Primera Ave

Detailed summary of property

3319 Primera Ave is a multi family located in Los Angeles, CA 90068 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 1,764 living square feet, and sits on an approximately 6,258 square foot lot. 3319 Primera Ave was first listed on ArdentRealEstateGroup.com on November 13, 2023. The homeowner is currently asking $1,379,000 and was originally asking $1,399,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.41% higher than the median priced home. Local competing homes currently for sale include 5851 La Mirada Ave, 1120 N Van Ness Ave and 1537 N Kingsley Dr. While the average home in Los Angeles, CA is selling in 97 days, 3319 Primera Ave has a days on market of 165 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3319 Primera Ave Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3319 Primera Ave

Public county record property details
Beds
2
Baths
3
Year built
1936
Sq. Ft.
1,764
Lot Size
6,258
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
38
APN
5579-019-020

The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$874
Median Sold Price
$1,238,000
Median Sold Price/Sq.Ft.
$787
Total Inventory
160
Median Sale to List Price %
104.47%
Avg Days on Market
49
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (3.85%), Other (3.85%)

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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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