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3426 W Florence Ave, Los Angeles, CA 90043
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3426 W Florence Ave Los Angeles, CA 90043

$1,000,000
  • 5 Beds
  • 3 Baths
  • 2,798 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified
Map preview of 3426 W Florence Ave, Los Angeles, CA 90043

Property Overview: 3426 W Florence Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,798 living square feet and 5,529 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: Renovated Investor's Dream! Looking for your next investment opportunity? Welcome to 3426 W Florence Ave, Los Angeles, where an exceptional 3-unit multi-family property awaits its new buyer. With four parking spaces, including a spacious three-car garage and alley access, parking will never be a hassle for residents or guests. Situated on a generous lot, this property offers vast potential, including the possibility of adding an ADU. Ideal for owner-occupied living with additional rental units. Recently renovated units boast modern laminate and hardwood flooring, offering a fresh and inviting atmosphere for tenants. Experience low-maintenance beauty with upgraded landscaping featuring drought-tolerant plants and succulents, elevating the property's appeal with a touch of modernity. Additional features include rain gutters for enhanced property maintenance. Enjoy the convenience of a common laundry room equipped with recently replaced washing machines and dryer. This property is conveniently located near a variety of attractions, including shopping centers, restaurants, parks, and schools. Enjoy easy access to everything you need for a comfortable lifestyle. Don't miss out on this incredible opportunity to make your mark in the real estate market.

Listed by Vartan Achabahian | BRE #01728975 | Prospect Group Inc.
Last checked: 11 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
5,529
HOA Dues
$0/mo
Year built
1954
Garage
3 Car
Property Type:
Triplex
Status
Active
MLS#
GD24051325
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,508
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $1,988
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $70,236
  • Net Operating Income: $64,777
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,459
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Insurance: $1,416
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $4,043

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Property Details for 3426 W Florence Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Ceiling Fan(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 4012017018
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 405 south, take exit 47 toward Florence Ave/Manchester Blvd
Neighborhood Information
  • Community Features: Park, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 3426 W Florence Ave

Last sold for $450,000 on July 28th, 2017

  • April, 2024

  • Apr 9, 2024

    Date

    Active

    CRMLS: GD24051325

    $1,000,000

    Price

  • July, 2017

  • Jul 28, 2017

    Date

    Sold

    CRMLS: SW17099726

    $450,000

    Price

  • May 14, 2017

    Date

    Pending

    CRMLS: SW17099726

    $500,000

    Price

  • May 6, 2017

    Date

    Active

    CRMLS: SW17099726

    $500,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own units. Needs a bunch of TLC, so be sure to bring your buyer who doesn't mind getting their hands dirty!

  • July, 2017

  • Jul 27, 2017

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

  • January, 2007

  • Jan 4, 2007

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

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Tax History for 3426 W Florence Ave

Assessed Value (2020): $468,180
Year Land Value Improved Value Assessed Value
2020 $327,726 $140,454 $468,180

Home Value Compared to the Market

This property vs the competition

3426 W Florence Ave is listed 18.37% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $357.4 per/sqft which puts the price per square foot 53.82% lower than the median price per square foot for the city of Los Angeles.

About 3426 W Florence Ave

Detailed summary of property

3426 W Florence Ave is a triplex located in Los Angeles, CA 90043 and is currently for sale. This triplex offers 5 bedrooms, 3 bathrooms, roughly 2,798 living square feet, and sits on an approximately 5,529 square foot lot. 3426 W Florence Ave was first listed on ArdentRealEstateGroup.com on April 10, 2024. The homeowner is currently asking $1,000,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 18.37% lower than the median priced home. Local competing homes currently for sale include 1701 W Florence Ave, 1728 W 64th St and 6131 S Hobart Blvd. While the average home in Los Angeles, CA is selling in 96 days, 3426 W Florence Ave has a days on market of 17 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 3426 W Florence Ave 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 3426 W Florence Ave

Public county record property details
Beds
5
Baths
3
Year built
1954
Sq. Ft.
2,798
Lot Size
5,529
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
4012-017-018

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
$945,000
Median List Price/Sq.Ft.
$588
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%)

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Recently Sold Homes Near 3426 W Florence Ave

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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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