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3612 Veteran Ave, Los Angeles, CA 90034
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3612 Veteran Ave Los Angeles, CA 90034

$1,250,000 Sold Price as of 11/19/2020
  • 5 Beds
  • 3 Baths
  • -- Sq.Ft.
Sold
$1,250,000 Sold Price as of 11/19/2020 Refinance Your Mortgage
Map preview of 3612 Veteran Ave, Los Angeles, CA 90034

Property Overview: 3612 Veteran Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, -- living square feet and 4,662 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming two bedroom Spanish style home with duplex at the rear of the property. Prime Westside location. House has fireplace, hardwood floors and sunny breakfast nook in the kitchen. Storage room in the rear structure also has laundry hookups. The rear units consist of a 2+1 rented for $2,195, and a single rented for $1,445. The house is currently rented for $2,792. With the additional rental of the two one-car garages at $150/mo each, the annual gross income for this property would be over $80,000/yr. Conservative projections of upside rental rates (see projected rents) would provide income over $90,000/yr. This property would return a significant positive cash flow with as little as 25% down! Excellent investment opportunity in prime Westside neighborhood of Palms. Perfect upleg property for 1031 buyer or good for owner/occupant with rental income to offset the mortgage payments.

Listed by Martin Feinberg | BRE #00977561 | Keller Williams-Santa Monica
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
4,662
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20607012
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,792
  • Total Rent: $2,792
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,195
  • Total Rent: $2,195
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 25
  • Gross Scheduled Income: --
  • Net Operating Income: $77,184
  • Gross Operating Income: $77,184
  • # of Rented Garages: 1
  • Garage Rental Rate: $150
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3612 Veteran Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Individual Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Garage - Two Door
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 4252021032
  • Architectural Style: Spanish
Location / Neighborhood
Location Information
  • Directions: Two blocks north of Venice on Veteran, 3 houses in from Charnock. House is on the east side of the street.
View more facts & features

Local Los Angeles Agent

Sale History for 3612 Veteran Ave

Last sold for $1,250,000 on November 19th, 2020

  • November, 2020

  • Nov 23, 2020

    Date

    Sold

    CRMLS: 20607012

    $1,250,000

    Price

  • Oct 9, 2020

    Date

    Pending

    CRMLS: 20607012

    $1,285,000

    Price

  • Aug 27, 2020

    Date

    Active

    CRMLS: 20607012

    $1,285,000

    Price

  • Aug 10, 2020

    Date

    Hold

    CRMLS: 20607012

    $1,285,000

    Price

  • Jul 21, 2020

    Date

    Active

    CRMLS: 20607012

    $1,285,000

    Price

  • November, 2020

  • Nov 12, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • April, 2012

  • Apr 30, 2012

    Date

    Sold (Public Records)

    Public Records

    $630,000

    Price

Show More

Tax History for 3612 Veteran Ave

Assessed Value (2020): $723,551
Year Land Value Improved Value Assessed Value
2020 $459,399 $264,152 $723,551

Home Value Compared to the Market

This property vs the competition

3612 Veteran Ave sold on November 19, 2020 for 14.73% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 3612 Veteran Ave

Detailed summary of property

3612 Veteran Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 5 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 4,662 square foot lot. 3612 Veteran Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,250,000. 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 14.73% higher than the current median priced home. Local homes that are currently for sale include 2522 Carmona Ave, 5346 Smiley Dr and 1556 S Genesee Ave. While the average home in Los Angeles, CA is selling in 106 days, 3612 Veteran Ave has a days on market of 55 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3612 Veteran Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3612 Veteran Ave

Public county record property details
Beds
4
Baths
2
Year built
1954
Sq. Ft.
2,082
Lot Size
4,661
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
125
APN
4252-021-032

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,695,000
Median List Price/Sq.Ft.
$898
Median Sold Price
$1,480,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
70
Median Sale to List Price %
105.79%
Avg Days on Market
29
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (12.5%)

Thinking of Selling?

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(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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