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3422 E 3rd St, Los Angeles, CA 90063
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3422 E 3rd St Los Angeles, CA 90063

$580,000 Sold Price as of 05/23/2019
  • 4 Beds
  • 2 Baths
  • 1,755 Sq.Ft.
Sold
$580,000 Sold Price as of 05/23/2019 Refinance Your Mortgage
Map preview of 3422 E 3rd St, Los Angeles, CA 90063

Property Overview: 3422 E 3rd St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,755 living square feet and 7,703 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Both duplexes are two bedroom and one bath. Back unit, larger two bedroom, to be delivered vacant. Both units were not updated. Property boasts a long driveway enough for three cars and a one car garage. Each unit is separately metered. There is enough space for a private yard for each individual unit. The property was sold and the mandatory retrofit requirements were made.

Listed by Douglas Lee | BRE #01463907 | Berkshire Hathaway Homeservice
Co-listed by Michael Torres | BRE #01469202 | On The Move Realty
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
7,703
HOA Dues
$0/mo
Year built
1922
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
AR19084814
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,339
  • Total Rent: $1,339
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.74%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,020
  • Net Operating Income: $27,469
  • Gross Operating Income: $38,819
  • Vacancy Allowance: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $11,350
  • Electric: $1,800
  • Gas/Fuel: $400
  • New Taxes: $7,250
  • Trash: $450
  • Insurance: $1,000
  • Water/Sewer: $450

Property Details for 3422 E 3rd St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • All Bedrooms Down, Family Room, Kitchen, Laundry
Kitchen Information
  • Has Appliances
  • Gas Oven, Microwave, Refrigerator, Water Heater
Interior Features
  • Unfurnished
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Sloped Down, Front Yard, Lawn
  • Lot Size Source: Estimated
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5179013027
  • Year Built Source: Estimated
  • Architectural Style: See Remarks
  • Foundation Details: Raised
  • Property is not Attached
  • Property Condition: Fixer, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Just south of Lorena Street on 3rd.
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 3422 E 3rd St

Last sold for $580,000 on May 23rd, 2019

  • May, 2019

  • May 23, 2019

    Date

    Sold

    CRMLS: AR19084814

    $580,000

    Price

  • May 23, 2019

    Date

    Active

    CRMLS: AR19084814

    $570,000

    Price

  • May, 2019

  • May 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $580,000

    Price

  • May, 2019

  • May 23, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3422 E 3rd St

Assessed Value (2020): $591,600
Year Land Value Improved Value Assessed Value
2020 $414,120 $177,480 $591,600

Home Value Compared to the Market

This property vs the competition

3422 E 3rd St sold on May 23, 2019 for 52.1% lower 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 $324.79 per/sqft which puts the price per square foot 56.98% lower than the current median sale per square foot for the city of Los Angeles.

About 3422 E 3rd St

Detailed summary of property

3422 E 3rd St is a multi family that recently sold in Los Angeles, CA 90063. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,755 living square feet, and sits on an approximately 7,703 square foot lot. 3422 E 3rd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $580,000. 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 52.1% lower than the current median priced home. Local homes that are currently for sale include 623 E 36th St, 233 Columbia Pl and 907 E 50th St. 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 3422 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 3422 E 3rd St

Public county record property details
Beds
4
Baths
2
Year built
1922
Sq. Ft.
1,755
Lot Size
7,778
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5179-013-027

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
$615,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
32
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%)

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 3422 E 3rd 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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