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3414 Fowler St, Los Angeles, CA 90063
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3414 Fowler St Los Angeles, CA 90063

$750,000
  • 2 Beds
  • 2 Baths
  • 2,568 Sq.Ft.
For Sale
$750,000 Get Pre-Qualified
Map preview of 3414 Fowler St, Los Angeles, CA 90063

Property Overview: 3414 Fowler St Los Angeles, CA has 2 bedrooms, 2 bathrooms, 2,568 living square feet and 4,844 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: DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a mixed use two unit commercial building located at 3414 Fowler Street. The subject property is located East of Soto Street and North of the 10 Freeway. The building is within an 8-minute drive to the heart of Downtown Los Angeles, offering a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices. The location also provides strong employment drivers like University of Southern California Health Campus, Los Angeles General Medical Center, and East Los Angeles College. Situated on a 4,844 square foot corner lot, the property is comprised of one one-bedroom apartment and a commercial retail unit. The property's retail component serves a lot of the surrounding businesses through its convenient store tenant. There is more than 71% rental upside through interior renovations. 3414 Fowler St presents investors a unique opportunity to attain a rare mixed-use asset in an up-and-coming pocket of East Los Angeles that is a short distance to the most attractive thoroughfare in the submarket. This area is currently undergoing a burgeoning gentrification that will support continued rental growth for a new investor who is looking to capitalize on the value-add potential this asset offers.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: September 11th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
4,844
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24434885
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.49%
  • Gross Rent Multiplier: 19.53
  • Gross Scheduled Income: --
  • Net Operating Income: $18,665
  • Gross Operating Income: $38,400
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3414 Fowler St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 5224015012
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of North Indiana Street & South of Medford Street
View more facts & features

Local Los Angeles Agent

Sale History for 3414 Fowler St

Last sold on February 4th, 2014

  • September, 2024

  • Sep 3, 2024

    Date

    Active

    CRMLS: 24434885

    $750,000

    Price

  • February, 2014

  • Feb 4, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3414 Fowler St

Assessed Value (2020): $394,090
Year Land Value Improved Value Assessed Value
2020 $281,494 $112,596 $394,090

Home Value Compared to the Market

This property vs the competition

3414 Fowler St is listed 37.5% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $292.06 per/sqft which puts the price per square foot 61.87% lower than the median price per square foot for the city of Los Angeles.

About 3414 Fowler St

Detailed summary of property

3414 Fowler St is a multi family located in Los Angeles, CA 90063 and is currently for sale. This multi family property offers 2 bedrooms, 2 bathrooms, roughly 2,568 living square feet, and sits on an approximately 4,844 square foot lot. 3414 Fowler St was first listed on ArdentRealEstateGroup.com on September 3, 2024. The homeowner is currently asking $750,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 37.5% lower than the median priced home. Local competing homes currently for sale include 2105 Keith St, 2316 Barlow St and 2811 Cincinnati St. While the average home in Los Angeles, CA is selling in 104 days, 3414 Fowler St has a days on market of 13 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 3414 Fowler 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 3414 Fowler St

Public county record property details
Beds
--
Baths
--
Year built
1941
Sq. Ft.
2,568
Lot Size
4,844
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5224-015-012

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
$675,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
42
Median Sale to List Price %
100.17%
Avg Days on Market
57
Loan Type
Conventional (42.86%), FHA (28.57%), VA (0%), Cash (0%), Other (14.29%)

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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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