3438 Mckinley Ave Los Angeles, CA 90011

$1,289,000 Sold Price as of 08/24/2018

16 Beds
8 Baths
8,816 Sq.Ft.

Off Market

$1,289,000 Sold Price as of 08/24/2018 Refinance Your Mortgage

Map preview of 3438 Mckinley Ave, Los Angeles, CA 90011

Property Overview: 3438 Mckinley Ave Los Angeles, CA has 16 bedrooms, 8 bathrooms, 8,816 living square feet and 6,747 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3438 Mckinley Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 3438 Mckinley Ave

Last sold for $1,289,000 on August 24th, 2018

August, 2024
Aug 12, 2024

Date

Withdrawn

CRMLS: SB24124085

$1,549,000

Price
Jun 20, 2024

Date

Active

CRMLS: SB24124085

$1,549,000

Price
Listing provided courtesy of CRMLS

3438 McKinley Ave is a value add opportunity located in the heart of Downtown Los Angeles. This well maintained 8-Unit apartment building is comprised of all (8) 3-Bed/1-Bath units collecting a total of $9,113.49 a month and $109.362 annually. Built in 1928, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438. This 8 UNIT Stabilizes at 15.42% Cap rate and 4.97 GRM on current rents. All units are separately metered for gas and electricity. Tenants are all on month to month leases and up to date, subject to LA City rent control. Property is mastered metered for Gas & Water. McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles.

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August, 2018
Aug 24, 2018

Date

Sold (Public Records)

Public Records

$1,289,000

Price
May, 2016
May 25, 2016

Date

Sold (Public Records)

Public Records

$1,050,000

Price

Tax History for 3438 Mckinley Ave

Assessed Value (2020): $1,314,780

Year	Land Value	Improved Value	Assessed Value
2020	$612,000	$702,780	$1,314,780

About 3438 Mckinley Ave

Detailed summary of property

3438 Mckinley Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90011 and last sold on August 24, 2018 for $1,289,000. This property has 16 bedrooms, 8 bathrooms, roughly 8,816 living square feet, and sits on an approximately 6,747 square foot lot. Homes 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 15.09% higher than the current median priced home. 3438 Mckinley Ave was last sold on August 24, 2018 for $1,289,000. Local nearby listings include 447 E 48th St, 4415 San Pedro Pl and 1629 E 41st Pl. The average home in Los Angeles, CA is selling in 106 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. If you are the homeowner and looking to sell the home at 3438 Mckinley Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3438 Mckinley Ave

Public county record property details

Beds: 16
Baths: 8
Year built: 1928
Sq. Ft.: 8,816
Lot Size: 6,747
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 5114-016-011

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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