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350 S Vancouver Ave, Los Angeles, CA 90022
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350 S Vancouver Ave Los Angeles, CA 90022

$750,000 Sold Price as of 03/28/2023
  • 6 Beds
  • 3 Baths
  • 2,355 Sq.Ft.
Sold
$750,000 Sold Price as of 03/28/2023 Refinance Your Mortgage
Map preview of 350 S Vancouver Ave, Los Angeles, CA 90022

Property Overview: 350 S Vancouver Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,355 living square feet and 8,683 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, for the first time in 45 years, 3 single story units in Unincorporated East Los Angeles. The property boasts an excellent unit mix of spacious 2 bedroom and 1 bathroom units. This triplex is located in a desirable East Los Angeles neighborhood with the nearest major cross streets of Atlantic Blvd and Beverly Blvd. This is a great value add deal as there is a substantial amount of rental upside. All units are separately metered for gas and electricity, and there are separate water heaters for each unit leaving the landlord with minimal operating expenses. The two structures consist of a Single Family Dwelling (approx. 845 sqft) and a Duplex (approx. 1,510 sqft). Plenty of opportunity here as this property qualifies for residential financing. Tenants enjoy the ease and comfort of being close to Belvedere Community Park, Atlantic Metro Station, Shopping off E Beverly Blvd and bearing a short commute to the 710, 60 and 5 freeways. All units are tenant occupied.

Listed by Shant Sherbetdjian | BRE #01713570 | Remax Commercial and Investment Realty
Last checked: 13 minutes ago | Last updated: March 29th, 2023 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
8,683
HOA Dues
$0/mo
Year built
1953
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
23235837
City
Los Angeles
County
Los Angeles
Time on Site
473 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,140
  • Total Rent: $1,140
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,140
  • Total Rent: $1,140
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.72
  • Gross Scheduled Income: --
  • Net Operating Income: $24,203
  • Gross Operating Income: $41,066
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 350 S Vancouver Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 3
  • Parcel Number: 5248008006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The Vancouver Triplex is located in the city of East Los Angeles, on South Vancouver Avenue. Nearest major cross streets are South Atlantic Blvd and East Beverly Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 350 S Vancouver Ave

Last sold for $750,000 on March 28th, 2023

  • March, 2023

  • Mar 28, 2023

    Date

    Sold

    CRMLS: 23235837

    $750,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: 23235837

    $750,000

    Price

Tax History for 350 S Vancouver Ave

Assessed Value (2020): $151,140
Year Land Value Improved Value Assessed Value
2020 $50,922 $100,218 $151,140

Home Value Compared to the Market

This property vs the competition

350 S Vancouver Ave sold on March 28, 2023 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 $318.47 per/sqft which puts the price per square foot 57.82% lower than the current median sale per square foot for the city of Los Angeles.

About 350 S Vancouver Ave

Detailed summary of property

350 S Vancouver Ave is a multi family that recently sold in Los Angeles, CA 90022. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,355 living square feet, and sits on an approximately 8,683 square foot lot. 350 S Vancouver Ave was first listed on ArdentRealEstateGroup.com on February 2, 2023. 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 3035 Winter St, 3035 Winter St and 2831 Boulder St. While the average home in Los Angeles, CA is selling in 92 days, 350 S Vancouver Ave has a days on market of 20 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 350 S Vancouver Ave Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 350 S Vancouver Ave

Public county record property details
Beds
6
Baths
3
Year built
1953
Sq. Ft.
2,355
Lot Size
8,683
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
392
APN
5248-008-006

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$629
Median Sold Price
$605,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
20
Median Sale to List Price %
101%
Avg Days on Market
17
Loan Type
Conventional (25%), FHA (25%), VA (0%), Cash (25%), Other (0%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 350 S Vancouver Ave

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Recently Sold Homes Near 350 S Vancouver Ave

431 Amalia, Los Angeles, CA 90022
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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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