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3505 8Th Ave, Los Angeles, CA 90018
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3505 8Th Ave Los Angeles, CA 90018

$1,300,000 Sold Price as of 12/02/2022
  • 3 Beds
  • 4 Baths
  • 1,925 Sq.Ft.
Sold
$1,300,000 Sold Price as of 12/02/2022 Refinance Your Mortgage
Map preview of 3505 8Th Ave, Los Angeles, CA 90018

Property Overview: 3505 8Th Ave Los Angeles, CA has 3 bedrooms, 4 bathrooms, 1,925 living square feet and 5,603 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A rare investment opportunity 1 block west and beyond the reach of the Jefferson Park Historic Overlay Zone & NOT a HPOZ property. All 3 units will be delivered vacant at close of escrow. This property is in a quiet neighborly street and neighborhood that is surrounded by and benefitting from the Los Angeles Opportunity Zone investment. It is 2 building Triplex. Front Owner's unit is 3 Br/2 BA home with a soundproof windowless room that was used as a music/video/podcast recording studio and could now be used as a home theatre. Features Quite Cool Whole House Fan as well as split AC unit and new vinyl flooring, interior and exterior paint and 36 inches of attic insulation which keeps home warm in winter and cool in summer. Owner's unit upgraded in 2010, back unit consists of (2) Studio/1B units with individual garaged parking below them. Back units remodeled 2020-2022, upgraded upstairs bathrooms, laundry in each unit, gas wall heaters, and all new dual-paned windows. AGENTS READ PRIVATE REMARKS.

Listed by Joseph M. Rasson | BRE #01457772 | Rasson Realty & Financial Corp
Last checked: 11 minutes ago | Last updated: December 2nd, 2022 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
5,603
HOA Dues
$0/mo
Year built
1984
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22201043
City
Los Angeles
County
Los Angeles
Time on Site
595 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $87,350
  • Gross Operating Income: $97,200
  • Other Income 1: $28,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $4,000
  • Trash: $600
  • Gardener: $1,200
  • Insurance: $1,500
  • Water/Sewer: $1,800
  • Other Expenses: $750

Property Details for 3505 8Th Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Media Room, Master Bathroom
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Window Features: Double Pane Windows
  • Security Features: Smoke Detector(s), Fire and Smoke Detection System, Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Uncovered
Property Information
  • Total # of Units: 3
  • Parcel Number: 5044015017
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Crenshaw to Jefferson BLVD
View more facts & features

Local Los Angeles Agent

Sale History for 3505 8Th Ave

Last sold for $1,300,000 on December 2nd, 2022

  • December, 2022

  • Dec 2, 2022

    Date

    Sold

    CRMLS: 22201043

    $1,300,000

    Price

  • Sep 19, 2022

    Date

    Active

    CRMLS: 22201043

    $1,349,000

    Price

  • August, 2008

  • Aug 4, 2008

    Date

    Sold (Public Records)

    Public Records

    $386,277

    Price

  • March, 2007

  • Mar 7, 2007

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

Show More

Tax History for 3505 8Th Ave

Assessed Value (2020): $329,289
Year Land Value Improved Value Assessed Value
2020 $236,053 $93,236 $329,289

Home Value Compared to the Market

This property vs the competition

3505 8Th Ave sold on December 2, 2022 for 13.36% higher 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 $700.78 per/sqft which puts the price per square foot 7.18% lower than the current median sale per square foot for the city of Los Angeles.

About 3505 8Th Ave

Detailed summary of property

3505 8Th Ave is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 3 bedrooms, 4 bathrooms, roughly 1,925 living square feet, and sits on an approximately 5,603 square foot lot. 3505 8Th Ave was first listed on ArdentRealEstateGroup.com on September 20, 2022. The homeowner sold the property for $1,300,000. 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 13.36% higher than the current median priced home. Local homes that are currently for sale include 1805 W 35th St, 2314 Crenshaw Blvd and 3968 Arlington Ave. While the average home in Los Angeles, CA is selling in 94 days, 3505 8Th Ave has a days on market of 28 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 3505 8Th Ave Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3505 8Th Ave

Public county record property details
Beds
5
Baths
5
Year built
1984
Sq. Ft.
1,925
Lot Size
5,603
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5044-015-017

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$925,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$603
Total Inventory
50
Median Sale to List Price %
105.67%
Avg Days on Market
29
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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