3429 Merced St, Los Angeles, CA 90065
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3429 Merced St Los Angeles, CA 90065

$620,000 Sold Price as of 07/14/2022
  • 3 Beds
  • 2 Baths
  • 1,467 Sq.Ft.
Sold
$620,000 Sold Price as of 07/14/2022 Refinance Your Mortgage

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

Property Overview: 3429 Merced St Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,467 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: Location Location Location plus R3 Zoning, buyers to verify.. . . Two on a lot located in a much sought after area of Cypress Park and Mount Washington adjacent. Sellers looking for that right buyer that will make this their investment property or eventually their forever home. Lots of potential. Please do not disturb tenants nor try to access property.

Listed by J.J. LOPEZ | BRE #00897398 | CENTURY 21 REALTY MASTERS
Last checked: 13 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft
5,606
HOA Dues
$0/mo
Year built
1926
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
MB22090898
City
Los Angeles
County
Los Angeles
Time on Site
745 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # 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: $660
  • Total Rent: $660
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $890
  • Total Rent: $890
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $18,600
  • Net Operating Income: $15,000
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $36,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $480

Property Details for 3429 Merced St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5453026005
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Merced St & Isabel St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

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Sale History for 3429 Merced St

Last sold for $620,000 on July 14th, 2022
  • July, 2022

  • Jul 14, 2022

    Date

    Sold

    CRMLS: MB22090898

    $620,000

    Price

  • May 2, 2022

    Date

    Active

    CRMLS: MB22090898

    $699,000

    Price

Tax History for 3429 Merced St

Assessed Value (2020): $45,224
Year Land Value Improved Value Assessed Value
2020 $27,320 $17,904 $45,224

Home Value Compared to the Market

This property vs the competition

3429 Merced St sold on July 14, 2022 for 41.26% 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 $476.48 per/sqft which puts the price per square foot 36.89% lower than the current median sale per square foot for the city of Los Angeles.

About 3429 Merced St

Detailed summary of property

3429 Merced St is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,467 living square feet, and sits on an approximately 5,606 square foot lot. 3429 Merced St was first listed on ArdentRealEstateGroup.com on May 3, 2022. The homeowner sold the property for $620,000. 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 41.26% lower than the current median priced home. Local homes that are currently for sale include 1229 S Indiana St, 851 E 32nd St and 935 E 32nd St. While the average home in Los Angeles, CA is selling in 94 days, 3429 Merced St has a days on market of 59 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 3429 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 3429 Merced St

Public county record property details
Beds
3
Baths
2
Year built
1926
Sq. Ft.
1,467
Lot Size
5,606
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
44
APN
5453-026-005

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
$1,190,000
Median List Price/Sq.Ft.
$746
Median Sold Price
$1,029,752
Median Sold Price/Sq.Ft.
$695
Total Inventory
76
Median Sale to List Price %
101.06%
Avg Days on Market
29
Loan Type
Conventional (18.75%), FHA (0%), VA (0%), Cash (12.5%), Other (6.25%)

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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.