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344 N Breed St, Los Angeles, CA 90033
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344 N Breed St Los Angeles, CA 90033

$750,000 Sold Price as of 06/01/2022
  • 5 Beds
  • 4 Baths
  • 1,900 Sq.Ft.
Sold
$750,000 Sold Price as of 06/01/2022 Refinance Your Mortgage
Map preview of 344 N Breed St, Los Angeles, CA 90033

Property Overview: 344 N Breed St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 1,900 living square feet and 6,153 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing gross rent multiplier at 13.5, well below market average for this 4-unit property. Monthly gross rent is $4,620 when all units are occupied. Zoned R3, with alley access, may be able to build up to 7 units, buyer to verify with the city. There is a parking area large enough for at least 4 cars or maybe an ADU or two. Three of the four units are currently occupied by long term tenants, one unit is vacant. Just one block north of Cesar Chavez Ave with a ton of shops and restaurants, making it easy to rent these units. The exterior of the property is in good condition, roof is approximately 8 years old and newer exterior paint. The interior of the units are in need of TLC.

Listed by Alexander Gingrich | BRE #01797428 | Dilbeck Real Estate
Last checked: 9 minutes ago | Last updated: June 3rd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
6,153
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PF22059059
City
Los Angeles
County
Los Angeles
Time on Site
779 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,160
  • Total Rent: $16,320
  • Pro Forma/Market Rent: $1,160
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $13,920
  • Pro Forma/Market Rent: $1,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,360
  • Total Rent: $12,600
  • Pro Forma/Market Rent: $1,360
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: 13.1
  • Gross Scheduled Income: $55,440
  • Net Operating Income: $37,202
  • Gross Operating Income: $53,777
  • Vacancy Allowance: $1,663
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
Annual Expense Breakdown
  • Total Operating Expense: $16,575
  • Electric: $540
  • Gas/Fuel: $564
  • New Taxes: $9,000
  • Trash: $540
  • Insurance: $735
  • Maintenance: $2,400
  • Water/Sewer: $2,796

Property Details for 344 N Breed St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5175010010
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: One block north of East Cesar Chavez Ave
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 344 N Breed St

Last sold for $750,000 on June 1st, 2022

  • March, 2022

  • Mar 25, 2022

    Date

    Active

    CRMLS: PF22059059

    $725,000

    Price

  • June, 2009

  • Jun 5, 2009

    Date

    Sold (Public Records)

    Public Records

    $245,000

    Price

Show More

Tax History for 344 N Breed St

Assessed Value (2020): $423,889
Year Land Value Improved Value Assessed Value
2020 $170,732 $253,157 $423,889

Home Value Compared to the Market

This property vs the competition

344 N Breed St sold on June 1, 2022 for 36.97% 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 $394.74 per/sqft which puts the price per square foot 47.72% lower than the current median sale per square foot for the city of Los Angeles.

About 344 N Breed St

Detailed summary of property

344 N Breed St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 1,900 living square feet, and sits on an approximately 6,153 square foot lot. 344 N Breed St was first listed on ArdentRealEstateGroup.com on March 25, 2022. The homeowner sold the property for $750,000. 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 36.97% lower than the current median priced home. Local homes that are currently for sale include 509 Camulos St, 2850 6th St and 3045 E 5th St. While the average home in Los Angeles, CA is selling in 93 days, 344 N Breed St has a days on market of 32 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 344 N Breed St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 344 N Breed St

Public county record property details
Beds
4
Baths
4
Year built
1910
Sq. Ft.
1,900
Lot Size
6,153
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
5175-010-010

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
11
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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