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3421 W 63Rd St, Los Angeles, CA 90043
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3421 W 63Rd St Los Angeles, CA 90043

$1,550,000 Sold Price as of 03/20/2023
  • 5 Beds
  • 8 Baths
  • 4,700 Sq.Ft.
Sold
$1,550,000 Sold Price as of 03/20/2023 Refinance Your Mortgage
Map preview of 3421 W 63Rd St, Los Angeles, CA 90043

Property Overview: 3421 W 63Rd St Los Angeles, CA has 5 bedrooms, 8 bathrooms, 4,700 living square feet and 11,368 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This fabulous corner lot asset is strategically situated near transportation corridors, including mass transit, and is only 2.5 miles from So-Fi Stadium in a quiet South LA neighborhood. Fully occupied with strong rents - well maintained. This is a terrific property that should perform very well into the future. Call for a more detailed set-up. This is an enormous lot that is underutilized. You can easily add units on top of existing for fantastic upside potential. Cap rate on existing is nearly 5%

Listed by Robert Freedman | BRE #00711607 | Domo Real Estate
Co-listed by Greg Geilman | BRE #01788567 | Domo Real Estate
Last checked: 4 minutes ago | Last updated: March 20th, 2023 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
11,368
HOA Dues
$0/mo
Year built
1938
Garage
7 Car
Property Type:
Apartment
Status
Sold
MLS#
SB22259531
City
Los Angeles
County
Los Angeles
Time on Site
510 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,257
  • Total Rent: $15,084
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $16,800
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,390
  • Total Rent: $17,790
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,132
  • Total Rent: $13,584
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,187
  • Total Rent: $14,244
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $895
  • Total Rent: $10,740
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $17,100
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,246
  • Total Rent: $14,962
  • Pro Forma/Market Rent: $1,425
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.88%
  • Gross Rent Multiplier: 12.33
  • Gross Scheduled Income: $125,664
  • Net Operating Income: $72,863
  • Gross Operating Income: $123,151
  • Vacancy Allowance: $2,513
  • # of Rented Garages: 3
  • Garage Rental Income: $440
  • Laundry Income: $100
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $59,282
  • Licenses: $216
  • New Taxes: $19,375
  • Trash: $262
  • Gardener: $1,200
  • Insurance: $1,550
  • Maintenance: $10,053
  • Professional Management: $6,283
  • Water/Sewer: $8,323

Property Details for 3421 W 63Rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Laundry
Interior Features
  • Levels: Two
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft, Level, Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 4006004025
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Two Blocks North of Hyde Park and 1 block west of Crenshaw
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 3421 W 63Rd St

Last sold for $1,550,000 on March 20th, 2023

  • March, 2023

  • Mar 20, 2023

    Date

    Sold

    CRMLS: SB22259531

    $1,550,000

    Price

  • Dec 26, 2022

    Date

    Active

    CRMLS: SB22259531

    $1,550,000

    Price

  • December, 2022

  • Dec 25, 2022

    Date

    Expired

    CRMLS: SB22190790

    $1,550,000

    Price

  • Sep 2, 2022

    Date

    Active

    CRMLS: SB22190790

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    This asset is beautifully situated near transportation corridors, including mass transit, and is only 2.5 miles from So-Fi Stadium in a quiet South LA neighborhood. Fully occupied with strong rents - well maintained. This is a terrific property that should perform very well into the future. Call for a more detailed set-up.

  • July, 2016

  • Jul 1, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,235,000

    Price

  • February, 2014

  • Feb 27, 2014

    Date

    Sold (Public Records)

    Public Records

    $650,006

    Price

Show More

Tax History for 3421 W 63Rd St

Assessed Value (2020): $1,310,591
Year Land Value Improved Value Assessed Value
2020 $955,087 $355,504 $1,310,591

Home Value Compared to the Market

This property vs the competition

3421 W 63Rd St sold on March 20, 2023 for 30.25% 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 $329.79 per/sqft which puts the price per square foot 56.32% lower than the current median sale per square foot for the city of Los Angeles.

About 3421 W 63Rd St

Detailed summary of property

3421 W 63Rd St is a apartment that recently sold in Los Angeles, CA 90043. This apartment offered 5 bedrooms, 8 bathrooms, roughly 4,700 living square feet, and sits on an approximately 11,368 square foot lot. 3421 W 63Rd St was first listed on ArdentRealEstateGroup.com on December 26, 2022. The homeowner sold the property for $1,550,000. 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 30.25% higher than the current median priced home. Local homes that are currently for sale include 4112 Dalton Ave, 3945 Denker Ave and 3877 Denker Ave. While the average home in Los Angeles, CA is selling in 92 days, 3421 W 63Rd St has a days on market of 53 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3421 W 63Rd St Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3421 W 63Rd St

Public county record property details
Beds
8
Baths
9
Year built
1938
Sq. Ft.
4,700
Lot Size
11,368
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
112
APN
4006-004-025

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

Thinking of Selling?

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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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