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3412 E 3Rd St, Los Angeles, CA 90063
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3412 E 3Rd St Los Angeles, CA 90063

$1,225,000
  • 6 Beds
  • 5 Baths
  • 3,024 Sq.Ft.
For Sale
$1,225,000 Get Pre-Qualified
Map preview of 3412 E 3Rd St, Los Angeles, CA 90063

Property Overview: 3412 E 3Rd St Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,024 living square feet and 7,775 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: TURNKEY PROPERTY!!! This is a 5-unit building consisting of a desirable mix of three spacious 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has beautiful interior and exterior renovations recently made and represents pride of ownership. Improvements include but not limited to, Double-Pane Windows, Copper Pipe Plumbing, Split Duct Air Conditioning System, Granite Kitchen and Bathroom Countertops, Tile Bathroom Walls, Tile Flooring for Kitchen and Bathrooms, Vinyl Flooring for Living and Bedrooms, Kitchen Cabinets, New Stoves, New Toilets, Water Heaters, Interior and Exterior Painting. Located near major employment centers in Downtown Los Angeles and has direct access to the iconic Arts District via the historic 4th Street Bridge and recently opened 6th Street Viaduct. This location is well positioned in the gentrifying area of Boyle Heights and offers dominant access to entertainment and food possibilities. For the investor, there is tremendous upside potential in rents with access to the 5, 10, 60, and 101 freeways within minutes. This represents a significant opportunity to maximize income in a high demand area that is constantly improving. PLEASE DO NOT DISTURB TENANTS!!

Listed by JIMMY TRAM | BRE #02151694 | EXP REALTY
Last checked: 4 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
7,775
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Apartment
Status
Active
MLS#
WS24084032
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,028
  • Total Rent: $2,028
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,204
  • Total Rent: $1,204
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $749
  • Total Rent: $749
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,872
  • Total Rent: $1,872
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,236
  • Net Operating Income: $63,524
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $24,739
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $292
  • Insurance: $2,468
  • Maintenance: $2,647
  • Professional Management: $0
  • Water/Sewer: $3,219

Open Houses for 3412 E 3Rd St

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Property Details for 3412 E 3Rd St

Interior Features
Cooling Information
  • Has Cooling
  • Ductless
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned, Concrete
Lot Information
  • Lot Features: 2-5 Units/Acre, Front Yard, Rectangular Lot, Paved
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5179013025
  • Year Built Source: Public Records
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: S Lorena Street & 3rd Street
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

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Sale History for 3412 E 3Rd St

Last sold for $1,000,000 on September 30th, 2019

  • April, 2024

  • Apr 26, 2024

    Date

    Active

    CRMLS: WS24084032

    $1,225,000

    Price

  • November, 2023

  • Nov 1, 2023

    Date

    Expired

    CRMLS: WS23042912

    $1,200,000

    Price

  • Mar 14, 2023

    Date

    Active

    CRMLS: WS23042912

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2020

  • May 22, 2020

    Date

    Canceled

    CRMLS: WS20060866

    $1,800

    Price

  • May 3, 2020

    Date

    Price Change

    CRMLS: WS20060866

    $1,800

    Price

  • Apr 20, 2020

    Date

    Price Change

    CRMLS: WS20060866

    $1,900

    Price

  • Mar 27, 2020

    Date

    Price Change

    CRMLS: WS20060866

    $2,000

    Price

  • Mar 23, 2020

    Date

    Active

    CRMLS: WS20060866

    $2,200

    Price

  • Mar 21, 2020

    Date

    Hold

    CRMLS: WS20060866

    $2,200

    Price

  • Mar 20, 2020

    Date

    Active

    CRMLS: WS20060866

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Welcome to the up and coming area of Los Angeles, just minutes away from downtown and Arts District! This single level unit is located on the 2nd floor of a 5 unit building. Property features 2 bedroom, 1 bathroom with a good floor plan that does not waste any space. Recently remodeled with newer laminate flooring, dual pane windows, ceiling fan, dimmer lighting, white shaker cabinets & quartz countertops. There is in-unit laundry for convenience. 1 parking space is included in the back of the property. Newer refrigerator is provided. Come see it soon!

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • April, 2018

  • Apr 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

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Tax History for 3412 E 3Rd St

Assessed Value (2020): $1,000,000
Year Land Value Improved Value Assessed Value
2020 $550,000 $450,000 $1,000,000

Home Value Compared to the Market

This property vs the competition

3412 E 3Rd St is listed 0.81% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $405.09 per/sqft which puts the price per square foot 47.66% lower than the median price per square foot for the city of Los Angeles.

About 3412 E 3Rd St

Detailed summary of property

3412 E 3Rd St is a apartment located in Los Angeles, CA 90063 and is currently for sale. This apartment offers 6 bedrooms, 5 bathrooms, roughly 3,024 living square feet, and sits on an approximately 7,775 square foot lot. 3412 E 3Rd St was first listed on ArdentRealEstateGroup.com on April 27, 2024. The homeowner is currently asking $1,225,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0.81% lower than the median priced home. Local competing homes currently for sale include 1004 N Hicks Ave, 927 Camulos St and 2814 Wabash Ave. While the average home in Los Angeles, CA is selling in 94 days, 3412 E 3Rd St has a days on market of 10 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 3412 E 3Rd St Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3412 E 3Rd St

Public county record property details
Beds
6
Baths
5
Year built
1957
Sq. Ft.
3,024
Lot Size
7,774
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,5
APN
5179-013-025

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
29
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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Recently Sold Homes Near 3412 E 3Rd St

304 S Lorena St, Los Angeles, CA 90063
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2 Baths
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4 Beds
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$495,000 Last Sold Price
2 Beds
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3324 E 3rd St, Los Angeles, CA 90063
$453,500 Last Sold Price
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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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