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3505 Marguerite St, Los Angeles, CA 90065
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3505 Marguerite St Los Angeles, CA 90065

$550,000 Sold Price as of 04/19/2019
  • 6 Beds
  • 9 Baths
  • 2,597 Sq.Ft.
Sold
$550,000 Sold Price as of 04/19/2019 Refinance Your Mortgage
Map preview of 3505 Marguerite St, Los Angeles, CA 90065

Property Overview: 3505 Marguerite St Los Angeles, CA has 6 bedrooms, 9 bathrooms, 2,597 living square feet and 9,810 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Represented Buyer and Seller in this transaction. Located in an Opportunity Zone! Subject property consists of 2 legal units and 2 un-permitted non-conforming units occupied with rent controlled tenants. Built in 1925 the subject property is situated on a 9,810 square foot sloped parcel, zoned LARD2. Frontage of parcel is 70ft. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. Front house collects $2025 for the bottom unit and $1500 for the top unit. Middle Bungalow collects $1200 and back house collects $1510.

Listed by Kenny Stevens | BRE #01090251 | Compass
Co-listed by Michael Dronge | BRE #01865338 | Compass
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 78

Home details

Lot Sq. Ft
9,810
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
18405258
City
Los Angeles
County
Los Angeles
Time on Site
1355 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,025
  • Total Rent: $2,025
  • Pro Forma/Market Rent: $2,025
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,510
  • Total Rent: $1,510
  • Pro Forma/Market Rent: $1,510
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.5%
  • Gross Rent Multiplier: 7.35
  • Gross Scheduled Income: --
  • Net Operating Income: $52,374
  • Gross Operating Income: $74,820
  • Improvements Total: $52,787
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3505 Marguerite St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
  • Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5458028010
  • Property Condition: Additions/Alterations
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Utilities: Cable Available
Location / Neighborhood
Location Information
  • Directions: Property sits at fork in the road between Ave 35 and Marguerite in Glassell Park.
View more facts & features

Local Los Angeles Agent

Sale History for 3505 Marguerite St

Last sold for $550,000 on April 19th, 2019

  • February, 2020

  • Feb 10, 2020

    Date

    Canceled

    CRMLS: 19537658

    $849,000

    Price

  • Feb 6, 2020

    Date

    Withdrawn

    CRMLS: 19537658

    $849,000

    Price

  • Jan 17, 2020

    Date

    Price Change

    CRMLS: 19537658

    $849,000

    Price

  • Jan 9, 2020

    Date

    Active Under Contract

    CRMLS: 19537658

    $800,000

    Price

  • Dec 18, 2019

    Date

    Active

    CRMLS: 19537658

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    **SELLER WILL ONLY ACCEPT A NON-CONTINGENT OFFER** 3505 Marguerite Street consists of 2 legal units and 2 un-permitted non-conforming units occupied with rent controlled tenants. Built in 1925 the subject propertyis situated on a 9,810 square foot sloped parcel, zoned LARD2. Site located in an OPPORTUNITY ZONE. Frontage of parcel is 70ft. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. The front house collects $1446 for the Bottom Unit. The middle bungalow collects $1500 and the back house collects $1510. Front House and back house are legal units with permits. Middle House and front upstairs units are un-permitted non-conforming units. An investor has the potential to: 1) Bring this property back to legal Fourplex; 2) Demolish non-conforming units and run the property as Duplex on Huge Lot; 3) Demolish all existing improvements and build 4 Small Lot Homes as an Opportunity Zone play.

  • December, 2019

  • Dec 18, 2019

    Date

    Canceled

    CRMLS: 19506760

    $800,000

    Price

  • Dec 18, 2019

    Date

    Withdrawn

    CRMLS: 19506760

    $800,000

    Price

  • Sep 4, 2019

    Date

    Active

    CRMLS: 19506760

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    3505 Marguerite Street consists of 2 legal units and 2 un-permitted non-conforming units occupied with rent controlled tenants. Built in 1925 the subject property is situated on a 9,810 square foot sloped parcel, zoned LARD2. Site located in an OPPORTUNITY ZONE. Frontage of parcel is 70ft. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. Front house collects $1446 for the Bottom Unit and the Front Upstairs Unit is VACANT. Middle Bungalow collects $1500 and back house collects $1510. Front House and Back House are legal units with permits. Middle House and Front upstairs units are un-permitted non-conforming units. An investor has the potential to: 1) Bring this property back to legal Fourplex; 2) Demolish non-conforming units and run property as Duplex on Huge Lot; 3) Demolish all existing improvements and build 4 Small Lot Homes as an Opportunity Zone play.

  • April, 2019

  • Apr 20, 2019

    Date

    Sold

    CRMLS: 18405258

    $550,000

    Price

  • Jan 26, 2019

    Date

    Price Change

    CRMLS: 18405258

    $700,000

    Price

  • Jan 24, 2019

    Date

    Active

    CRMLS: 18405258

    $850,000

    Price

  • Jan 21, 2019

    Date

    Active Under Contract

    CRMLS: 18405258

    $850,000

    Price

  • Jan 15, 2019

    Date

    Price Change

    CRMLS: 18405258

    $850,000

    Price

  • Jan 2, 2019

    Date

    Active Under Contract

    CRMLS: 18405258

    $1,000,000

    Price

  • Dec 18, 2018

    Date

    Price Change

    CRMLS: 18405258

    $1,000,000

    Price

  • Nov 9, 2018

    Date

    Active

    CRMLS: 18405258

    $1,195,000

    Price

  • April, 2019

  • Apr 18, 2019

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 3505 Marguerite St

Assessed Value (2020): $561,000
Year Land Value Improved Value Assessed Value
2020 $357,000 $204,000 $561,000

Home Value Compared to the Market

This property vs the competition

3505 Marguerite St sold on April 19, 2019 for 37.5% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $269.54 per/sqft which puts the price per square foot 62.77% lower than the current median sale per square foot for the city of Los Angeles.

About 3505 Marguerite St

Detailed summary of property

3505 Marguerite St is a multi family that recently sold in Los Angeles, CA 90065. This multi family property offered 6 bedrooms, 9 bathrooms, roughly 2,597 living square feet, and sits on an approximately 9,810 square foot lot. 3505 Marguerite St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $550,000. Home 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 37.5% lower than the current median priced home. Local homes that are currently for sale include 5889 Towne Ave #5889, 935 W 54th St and 1201 W 54th St. While the average home in Los Angeles, CA is selling in 106 days, 3505 Marguerite St has a days on market of 78 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. For more information on this home for sale at 3505 Marguerite St Los Angeles, CA 90065 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3505 Marguerite St

Public county record property details
Beds
2
Baths
1
Year built
1925
Sq. Ft.
1,144
Lot Size
9,800
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
57
APN
5458-028-010

The source for these homes facts are from public records.

90065 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$796
Median Sold Price
$1,253,094
Median Sold Price/Sq.Ft.
$681
Total Inventory
86
Median Sale to List Price %
100.25%
Avg Days on Market
33
Loan Type
Conventional (10%), FHA (0%), VA (0%), Cash (25%), Other (15%)

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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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