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3501 E 3Rd Pl, Los Angeles, CA 90063
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3501 E 3Rd Pl Los Angeles, CA 90063

$940,000 Sold Price as of 06/29/2022
  • 8 Beds
  • 4 Baths
  • 2,747 Sq.Ft.
Sold
$940,000 Sold Price as of 06/29/2022 Refinance Your Mortgage
Map preview of 3501 E 3Rd Pl, Los Angeles, CA 90063

Property Overview: 3501 E 3Rd Pl Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,747 living square feet and 5,079 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PERFECT SETTING FOR OWNER/LANDLORD....This property consists of 3 units and one house on same lot. 3501 is a downstairs unit with 2 Bd and 1 Bath; 3501 1/2 is also a 2 Bd and 1 Bath; 3503 is converted to a studio with it's own kitchen, bathroom and separate sleeping area; it can also be converted back into an office since it is zoned as Office/Commercial/Residential. Around the corner, on the same lot, there is a standalone 3 Bd and 1 Bath house; the address is 326 S. Velasco St. This property is located one block from the DTLA and Gold Line system; 5 minutes from KECK Hospital; 10 minutes from downtown Los Angeles and two blocks from Freeways 60, 101, 5, 10, 110 and 710. It is close to parks, grocery stores, and local eateries; it is a very desirable location for tenants. Buyer will have to perform its due diligence, investigate property thoroughly and accept the property with its current rents, tenants. Subject to inspection.

Listed by H. HENRY GALLEGO | BRE #01153907 | RE/MAX TOP PRODUCERS
Last checked: 7 minutes ago | Last updated: July 2nd, 2022 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
5,079
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
CV22049933
City
Los Angeles
County
Los Angeles
Time on Site
790 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,289
  • Total Rent: $1,289
  • Pro Forma/Market Rent: $1,289
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,182
  • Total Rent: $1,182
  • Pro Forma/Market Rent: $1,182
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $56,055
  • Net Operating Income: $35,274
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $20,781
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 3501 E 3Rd Pl

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Kitchen, Electric, Gas
Room Information
  • Flooring: See Remarks
  • See Remarks
Kitchen Information
  • Has Appliances
  • Gas Water Heater
Interior Features
  • Window Features: Screens
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • TV Antenna
  • Has Fence
  • Wrought Iron
  • Other Structures: Guest House Detached
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot, No Landscaping
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5179014055
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Repairs Major
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Near 60 Freeway where 3rd Place and 4th Street meet.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3501 E 3Rd Pl

Last sold for $940,000 on June 29th, 2022

  • June, 2022

  • Jun 29, 2022

    Date

    Sold

    CRMLS: CV22049933

    $940,000

    Price

  • Mar 14, 2022

    Date

    Active

    CRMLS: CV22049933

    $991,800

    Price

  • February, 2003

  • Feb 19, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2001

  • Aug 3, 2001

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

Show More

Tax History for 3501 E 3Rd Pl

Assessed Value (2020): $310,867
Year Land Value Improved Value Assessed Value
2020 $103,618 $207,249 $310,867

Home Value Compared to the Market

This property vs the competition

3501 E 3Rd Pl sold on June 29, 2022 for 16.66% 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 $361.05 per/sqft which puts the price per square foot 52.18% lower than the current median sale per square foot for the city of Los Angeles.

About 3501 E 3Rd Pl

Detailed summary of property

3501 E 3Rd Pl is a mixed use that recently sold in Los Angeles, CA 90063. This mixed use property offered 8 bedrooms, 4 bathrooms, roughly 2,747 living square feet, and sits on an approximately 5,079 square foot lot. 3501 E 3Rd Pl was first listed on ArdentRealEstateGroup.com on March 14, 2022. The homeowner sold the property for $940,000. 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 16.66% lower than the current median priced home. Local homes that are currently for sale include 820 Columbia Ave, 9120 S Fir Ave and 8310 S Broadway. While the average home in Los Angeles, CA is selling in 93 days, 3501 E 3Rd Pl has a days on market of 63 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 3501 E 3Rd Pl Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3501 E 3Rd Pl

Public county record property details
Beds
7
Baths
3
Year built
1961
Sq. Ft.
2,747
Lot Size
5,080
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,22
APN
5179-014-055

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$615,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
29
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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