3429 Andrita St, Los Angeles, CA 90065
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3429 Andrita St Los Angeles, CA 90065

$2,175,000 Sold Price as of 05/08/2024
  • 14 Beds
  • 17 Baths
  • 8,614 Sq.Ft.
Sold
$2,175,000 Sold Price as of 05/08/2024 Refinance Your Mortgage

Map preview of 3429 Andrita St, Los Angeles, CA 90065

Property Overview: 3429 Andrita St Los Angeles, CA has 14 bedrooms, 17 bathrooms, 8,614 living square feet and 13,530 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present for sale this rare (17) Unit mid-century investment opportunity in one of LA's most up and coming locations Glassell Park! This opportunity is offered for sale for the first time in nearly 50 years and priced at $135K/Unit! The building was constructed in 1962, situated on an expansive lot size of 13,530 SF, boasting a robust unit mix of 10 (1) Bedroom and (1) Bathroom Units, 2 (2) Bedroom and (1) Bath Units, and Five Studio Units. It is encompassed by a total building Square Footage of 8,614. The property is extremely well parked, with (6) enclosed garage spaces, and (17) surface spaces available. The investment is poised for an astute investor looking to add value by immediately adding up to (4) ADU Units by right (or possible additionally) with a total up-side potential of approximately 135%. Buyer to verify feasibility of adding ADU's. The subject property is zoned RD2-1-CDO-HCR with Soft-Story Retrofit Completed, and Certificate of Compliance Dated 06/03/2022. The property is strategically located in the epicenter of North East LA's Hotspots of Glassell Park, Atwater Village, Highland Park, Eagle Rock, and within minutes to Glendale's famous Americana at Brand! 3429 Andrita Street is considered "Somewhat Walkable" with a walk score of (57), where some errands can be accomplished on foot. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story Compliance, and the ability to construct ADU(s) or additional units. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.

Listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Last checked: 9 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
13,530
HOA Dues
$0/mo
Year built
1962
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
24362653
City
Los Angeles
County
Los Angeles
Time on Site
214 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,103
  • Total Rent: $2,205
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $901
  • Total Rent: $9,014
  • Pro Forma/Market Rent: $18,000
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $971
  • Total Rent: $4,856
  • Pro Forma/Market Rent: $8,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.9
  • Gross Scheduled Income: --
  • Net Operating Income: $83,599
  • Gross Operating Income: $192,906
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3429 Andrita St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 23
  • Has Parking
  • Parking Features: Assigned, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 17
  • Parcel Number: 5458027032
  • 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: Turn right onto N Eagle Rock Blvd, Turn right onto W Ave 36, Continue onto Fletcher Dr., Slight right onto Andrita St
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Sale History for 3429 Andrita St

Last sold for $2,175,000 on May 8th, 2024
  • May, 2024

  • May 8, 2024

    Date

    Sold

    CRMLS: 24362653

    $2,175,000

    Price

  • Feb 27, 2024

    Date

    Active

    CRMLS: 24362653

    $2,600,000

    Price

  • March, 1977

  • Mar 4, 1977

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 1975

  • Oct 16, 1975

    Date

    Sold (Public Records)

    Public Records

    $199,001

    Price

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Tax History for 3429 Andrita St

Assessed Value (2020): $423,936
Year Land Value Improved Value Assessed Value
2020 $65,887 $358,049 $423,936

Home Value Compared to the Market

This property vs the competition

3429 Andrita St sold on May 8, 2024 for 104.91% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $266.43 per/sqft which puts the price per square foot 63.2% lower than the current median sale per square foot for the city of Los Angeles.

About 3429 Andrita St

Detailed summary of property

3429 Andrita St is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 14 bedrooms, 17 bathrooms, roughly 8,614 living square feet, and sits on an approximately 13,530 square foot lot. 3429 Andrita St was first listed on ArdentRealEstateGroup.com on February 28, 2024. The homeowner sold the property for $2,175,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 104.91% higher than the current median priced home. Local homes that are currently for sale include 1427 Laveta, 4047 Camero Ave and 1915 Talmadge St. While the average home in Los Angeles, CA is selling in 106 days, 3429 Andrita St has a days on market of 62 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 3429 Andrita 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 3429 Andrita St

Public county record property details
Beds
19
Baths
17
Year built
1962
Sq. Ft.
8,614
Lot Size
13,533
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
106
APN
5458-027-032

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
$1,199,000
Median List Price/Sq.Ft.
$796
Median Sold Price
$1,253,094
Median Sold Price/Sq.Ft.
$681
Total Inventory
86
Median Sale to List Price %
100.25%
Avg Days on Market
33
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (25%), Other (15%)

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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.