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3411 Drew St, Los Angeles, CA 90065
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3411 Drew St Los Angeles, CA 90065

$6,075,000 Sold Price as of 11/27/2020
  • 55 Beds
  • 40 Baths
  • 23,207 Sq.Ft.
Sold
$6,075,000 Sold Price as of 11/27/2020 Refinance Your Mortgage
Map preview of 3411 Drew St, Los Angeles, CA 90065

Property Overview: 3411 Drew St Los Angeles, CA has 55 bedrooms, 40 bathrooms, 23,207 living square feet and 26,945 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON THE MARKET ! Two buildings on seperate lots that can be sold together or individually. 3407 Drew St. for $3,599,000 and 3411 Drew St. for $3,299,000 or together for $6,799,000. Please see the offering memorandum for individual property P&L and details. Both are Bread 'n Butter units in pleasant easy to commute neighborhood.Re-surfaced roofs on both buildings. Automatic security gate. Onsite parking. Security camera system monitors public areas. Newly painted exterior on 3411 which consists of five 1-bedroom, 1-bath; two 2-bedrooms, 1-bath and nine 2-bedroom, 1.5-bath townhouse style apartments with upstairs balconies. Interior of units in very good condition. Well maitained buildings. Shown on accepted offers only. PLEASE do not disturb tenants. Offering memorandum attached.

Listed by DANIEL CORCORAN | BRE #00451125 | Corcoran Group of California Inc.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
26,945
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
EV20218353
City
Los Angeles
County
Los Angeles
Time on Site
1217 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 31
  • Total # of Buildings: 2
  • # of Electric Meters: 33
  • # of Gas Meters: 33
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $1,275
Unit Breakdown 2
  • # of Units: 15
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,493
  • Total Rent: $1,493
  • Pro Forma/Market Rent: $1,635
Unit Breakdown 3
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,397
  • Total Rent: $1,397
  • Pro Forma/Market Rent: $1,730
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.65%
  • Gross Rent Multiplier: 13.99
  • Gross Scheduled Income: $485,998
  • Net Operating Income: $316,173
  • Gross Operating Income: $471,418
  • Vacancy Allowance: $14,579
Annual Expense Breakdown
  • Total Operating Expense: $155,245
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $24,861
  • Trash: $25,262
  • Insurance: $6,963
  • Maintenance: $36,370
  • Professional Management: $24,568
  • Water/Sewer: $24,592

Property Details for 3411 Drew St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate
Exterior Features
Exterior Information
  • Has Fence
  • Masonry, Security, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Attached Carport, Driveway, Paved, Driveway Level, Parking Space
Lot Information
  • Lot Features: 31-35 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 31
  • Parcel Number: 5459010006
  • Year Built Source: Assessor
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Other Subdivision Name: 3122
  • Directions: Drew St. between Estara Ave and Weldon Ave, off the Glendale freeway.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 3411 Drew St

Last sold for $6,075,000 on November 27th, 2020

  • November, 2020

  • Nov 29, 2020

    Date

    Sold

    CRMLS: EV20218353

    $6,075,000

    Price

  • Nov 4, 2020

    Date

    Active Under Contract

    CRMLS: EV20218353

    $6,779,000

    Price

  • Oct 16, 2020

    Date

    Active

    CRMLS: EV20218353

    $6,779,000

    Price

  • November, 2020

  • Nov 25, 2020

    Date

    Sold (Public Records)

    Public Records

    $6,075,000

    Price

  • September, 2020

  • Sep 4, 2020

    Date

    Expired

    CRMLS: EV20107904

    $6,799,000

    Price

  • Jun 5, 2020

    Date

    Active

    CRMLS: EV20107904

    $6,799,000

    Price

  • Listing provided courtesy of CRMLS

    Two buildings on separate lots that can be sold together or separately. 3407 Drew St for $3,599,000 and 3411 Drew St. for $3,299,000 or together for $6,799,000. Please see attached Offering Memorandum for individual property P&L and details. Both are Bread ‘n Butter units in pleasant easy to commute neighborhood. New roofs on both buildings. Automatic security gate. Onsite parking. Security camera system monitors public areas. 3411 consist of five 1-bedroom, 1-bath; two 2-bedrooms, 1-bath and nine 2-bedroom, 1.5-bath townhouse style apartments with upstairs balconies. Interior of units in very good condition. Well maintained building. Shown on accepted offers only. PLEASE do not disturb tenants. Offering memorandum attached.

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Tax History for 3411 Drew St

Assessed Value (2020): $1,097,256
Year Land Value Improved Value Assessed Value
2020 $441,070 $656,186 $1,097,256

Home Value Compared to the Market

This property vs the competition

3411 Drew St sold on November 27, 2020 for 469.66% 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 $292.11 per/sqft which puts the price per square foot 61.31% lower than the current median sale per square foot for the city of Los Angeles.

About 3411 Drew St

Detailed summary of property

3411 Drew St is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 55 bedrooms, 40 bathrooms, roughly 23,207 living square feet, and sits on an approximately 26,945 square foot lot. 3411 Drew St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $6,075,000. 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 469.66% higher than the current median priced home. Local homes that are currently for sale include 1908 Hillcrest Rd, 654 E 24th St and 420 S Euclid Ave. While the average home in Los Angeles, CA is selling in 94 days, 3411 Drew St has a days on market of 19 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 3411 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 3411 Drew St

Public county record property details
Beds
--
Baths
15
Year built
1961
Sq. Ft.
11,124
Lot Size
13,532
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
5459-010-006

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?

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Recently Sold Homes Near 3411 Drew St

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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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