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3417 Merced St, Los Angeles, CA 90065
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3417 Merced St Los Angeles, CA 90065

$850,000 Sold Price as of 01/19/2022
  • 7 Beds
  • 4 Baths
  • 2,185 Sq.Ft.
Sold
$850,000 Sold Price as of 01/19/2022 Refinance Your Mortgage
Map preview of 3417 Merced St, Los Angeles, CA 90065

Property Overview: 3417 Merced St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,185 living square feet and 5,606 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Calling all investors looking for income potential and eager owner-users who are ready to create a dream home with the benefit of supplementing your income. Here's an opportunity to own 2 homes on a lot located at the scenic base of Mt Washington on a wide, tree-lined street. The front house offers 3 beds/2 baths plus 2 bonus rooms in the back that beckon to be reimagined. The back house is waiting to be transformed into a sweet 2/1 bungalow with its own carport and alley access. Mature landscaping surrounds the property and there's no denying the huge potential this property has to offer. The location anchors itself to northeast LA living with its close proximity to the LA River, DTLA and some of the hottest retail and dining spots in the surrounding boroughs of Glassell Park and Highland Park. Come with an open mind and excitement as you realize the opportunity to stake claim and make Merced all your own.

Listed by Jennifer Cahill | BRE #01980658 | Compass
Co-listed by Kurt Wisner | BRE #01431217 | Compass
Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
5,606
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21104041
City
Los Angeles
County
Los Angeles
Time on Site
902 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 154
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3417 Merced St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport
Property Information
  • Total # of Units: 2
  • Parcel Number: 5453026008
Location / Neighborhood
Location Information
  • Directions: On Merced Street between Aragon Ave and Isabel Street.
View more facts & features

Local Los Angeles Agent

Sale History for 3417 Merced St

Last sold for $850,000 on January 19th, 2022

  • January, 2022

  • Jan 19, 2022

    Date

    Sold

    CRMLS: 21104041

    $850,000

    Price

  • Nov 10, 2021

    Date

    Active

    CRMLS: 21104041

    $850,000

    Price

  • August, 2021

  • Aug 18, 2021

    Date

    Withdrawn

    CRMLS: DW21106271

    $930,000

    Price

  • Aug 16, 2021

    Date

    Active

    CRMLS: DW21106271

    $930,000

    Price

  • Jul 21, 2021

    Date

    Sold

    CRMLS: DW21106271

    --

    Price

  • Jun 14, 2021

    Date

    Pending

    CRMLS: DW21106271

    $930,000

    Price

  • Jun 3, 2021

    Date

    Price Change

    CRMLS: DW21106271

    $930,000

    Price

  • May 18, 2021

    Date

    Active

    CRMLS: DW21106271

    $899,950

    Price

  • Listing provided courtesy of CRMLS

    BACK on the market due to buyer's none performance!! Bring offers property will not last too long This two unit property is centrally located in Cypress Park is an easy walk to all convenient transportation and amazing spots of what Downtown Los Angeles has to offer. 3417 Merced Street is in walking distance of various places in Los Angeles: The Blue Line Metro, Rio De Los Angeles Park. Its also a minutes drive into Downtown Los Angeles Dodger Stadium, Griffith Park, LA Zoo, Griffin Observatory and the highly rates Keck USC Hospital. The front house features three bedrooms and two baths and the back unit has two bedrooms and one bath.

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Tax History for 3417 Merced St

Assessed Value (2020): $84,630
Year Land Value Improved Value Assessed Value
2020 $27,320 $57,310 $84,630

Home Value Compared to the Market

This property vs the competition

3417 Merced St sold on January 19, 2022 for 19.05% lower than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $389.02 per/sqft which puts the price per square foot 47.29% lower than the current median sale per square foot for the city of Los Angeles.

About 3417 Merced St

Detailed summary of property

3417 Merced St is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,185 living square feet, and sits on an approximately 5,606 square foot lot. 3417 Merced St was first listed on ArdentRealEstateGroup.com on November 11, 2021. The homeowner sold the property for $850,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 19.05% lower than the current median priced home. Local homes that are currently for sale include 5133 Baltimore St, 673 N Boyle Ave and 2111 Marengo St. While the average home in Los Angeles, CA is selling in 96 days, 3417 Merced St has a days on market of 16 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 3417 Merced 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 3417 Merced St

Public county record property details
Beds
6
Baths
3
Year built
1908
Sq. Ft.
2,185
Lot Size
5,606
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
47
APN
5453-026-008

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
$1,181,935
Median List Price/Sq.Ft.
$749
Median Sold Price
$1,049,752
Median Sold Price/Sq.Ft.
$844
Total Inventory
76
Median Sale to List Price %
105.19%
Avg Days on Market
24
Loan Type
Conventional (23.53%), FHA (0%), VA (0%), Cash (17.65%), Other (11.76%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 3417 Merced St

3429 Merced St, Los Angeles, CA 90065
$620,000 Last Sold Price
3 Beds
2 Baths
1467 Sq.Ft.
3429 Merced St
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756 Isabel St, Los Angeles, CA 90065
$1,130,000 Last Sold Price
6 Beds
4 Baths
-- Sq.Ft.
756 Isabel St
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3425 Thorpe Ave, Los Angeles, CA 90065
$712,500 Last Sold Price
3 Beds
2 Baths
1456 Sq.Ft.
3425 Thorpe Ave
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3316 Merced St, Los Angeles, CA 90065
$665,000 Last Sold Price
4 Beds
2 Baths
1421 Sq.Ft.
3316 Merced St
Los Angeles, CA 90065

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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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