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3369 Overland Ave, Los Angeles, CA 90034
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3369 Overland Ave Los Angeles, CA 90034

$10,539,500 Sold Price as of 03/29/2023
  • 70 Beds
  • 42 Baths
  • 29,336 Sq.Ft.
Sold
$10,539,500 Sold Price as of 03/29/2023 Refinance Your Mortgage
Map preview of 3369 Overland Ave, Los Angeles, CA 90034

Property Overview: 3369 Overland Ave Los Angeles, CA has 70 bedrooms, 42 bathrooms, 29,336 living square feet and 28,310 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: MAJOR PRICE REDUCTION!!! 3367-3373 Overland Ave. is a terrific 32 unit apartment building located in a prime Palms / West Los Angeles location. The property is ideally situated on Overland Avenue, two blocks north of Palms Boulevard in a spectacular centrally located neighborhood. The building offers an excellent mix of residences which include 4 - One Bedroom + One Bath Units, 18- Two Bedroom + One Bath Units, 10 - Three Bedroom + Two Bath Units. Many of the units are rented at below market rates.Units rented at market rates have been renovated and feature:remodeled kitchens with granite countertops, updated appliances including dishwashers, microwaves, stoves, and refrigerators, with stainless steel plumbing fixtures, and beautiful kitchen cabinets. This is a rare opportunity for an Investor to purchase an income property in a prime West Los Angeles Location with tremendous rental upside.

Listed by Gary Fox | BRE #00847295 | Miller & Desatnik Realty Co.
Co-listed by Michael Wozniak | BRE #01856514 | Miller & Desatnik Realty Co.
Last checked: 8 minutes ago | Last updated: March 30th, 2023 | Source CRMLS | DOM: 94

Home details

Lot Sq. Ft
28,310
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22225815
City
Los Angeles
County
Los Angeles
Time on Site
506 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 32
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $7,580
  • Pro Forma/Market Rent: $8,180
Unit Breakdown 2
  • # of Units: 18
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,014
  • Total Rent: $36,253
  • Pro Forma/Market Rent: $51,660
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,935
  • Total Rent: $19,349
  • Pro Forma/Market Rent: $35,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.94%
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $453,305
  • Gross Operating Income: $742,036
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3369 Overland Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 37
  • Has Parking
  • Parking Features: Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 32
  • Parcel Number: 4254024034
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Located on Overland Avenue, two blocks north of Palms Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 3369 Overland Ave

Last sold for $10,539,500 on March 29th, 2023

  • March, 2023

  • Mar 29, 2023

    Date

    Sold

    CRMLS: 22225815

    $10,539,500

    Price

  • Dec 19, 2022

    Date

    Active

    CRMLS: 22225815

    $11,950,000

    Price

  • July, 2014

  • Jul 23, 2014

    Date

    Sold (Public Records)

    Public Records

    $6,600,066

    Price

Show More

Tax History for 3369 Overland Ave

Assessed Value (2020): $7,257,796
Year Land Value Improved Value Assessed Value
2020 $4,395,756 $2,862,040 $7,257,796

Home Value Compared to the Market

This property vs the competition

3369 Overland Ave sold on March 29, 2023 for 865.97% 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 $391.84 per/sqft which puts the price per square foot 48.1% lower than the current median sale per square foot for the city of Los Angeles.

About 3369 Overland Ave

Detailed summary of property

3369 Overland Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 70 bedrooms, 42 bathrooms, roughly 29,336 living square feet, and sits on an approximately 28,310 square foot lot. 3369 Overland Ave was first listed on ArdentRealEstateGroup.com on December 19, 2022. The homeowner sold the property for $10,539,500. 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 865.97% higher than the current median priced home. Local homes that are currently for sale include 2041 N Vermont Ave, 1728 N Sierra Bonita Ave and 14151 Flower St. While the average home in Los Angeles, CA is selling in 94 days, 3369 Overland Ave has a days on market of 94 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 3369 Overland Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3369 Overland Ave

Public county record property details
Beds
--
Baths
--
Year built
1955
Sq. Ft.
29,336
Lot Size
28,309
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
4254-024-034

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,999,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
43
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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(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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