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3616 Marcia Dr Los Angeles, CA 90026

$1,400,000 Sold Price as of 04/15/2019

8 Beds
4 Baths
3,596 Sq.Ft.

Sold

$1,400,000 Sold Price as of 04/15/2019 Refinance Your Mortgage

Map preview of 3616 Marcia Dr, Los Angeles, CA 90026

Property Overview: 3616 Marcia Dr Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,596 living square feet and 5,126 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to purchase this fantastic 4 unit apartment investment property near Sunset Junction in Silver Lake. This ideal location offers impressive panoramic city views and is a short walk to the Silver Lake Farmers Market and some of the hippest restaurants and shops on Sunset Blvd. The property features all 2 Bedroom + 1 Bath units each with W/D hookups, copper plumbing, ABS drain lines, 4 tankless water heaters, new upgraded main electrical panel with 5 individual electric meters, new concrete driveway and a large open area under the rear of the property that can be creatively used for a possibility of different options. Four on-site parking spaces. One unit was fully renovated with a completely new bathroom/shower, all new cabinetry, quartz counters, stainless steel appliances, dual pane windows, central A/C & heat, recessed lighting and wood flooring. This is the ideal investment for the most discerning investor who appreciates location

Listed by Enrique Viramontes | BRE #01372010 | Remax Commercial and Investmen

Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft: 5,126
HOA Dues: $0/mo
Year built: 1962
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19431120
City: Los Angeles
County: Los Angeles
Time on Site: 1346 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,636
Total Rent: $6,542
Pro Forma/Market Rent: $12,000

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.85%
Gross Rent Multiplier: 18.85
Gross Scheduled Income: --
Net Operating Income: $57,568
Gross Operating Income: $79,326
Improvements Total: $453,900

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3616 Marcia Dr

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Uncovered

Lot Information

Lot Size Source: See Remarks

Property Information

Total # of Units: 4
Parcel Number: 5427017035

Location / Neighborhood

Location Information

Directions: Located on Marcia Dr, Just east of Lucille Ave

View more facts & features

Local Los Angeles Agent

Sale History for 3616 Marcia Dr

Last sold for $600,000 on November 5th, 2019

November, 2019
Nov 5, 2019

Date

Sold (Public Records)

Public Records

$600,000

Price
April, 2019
Apr 15, 2019

Date

Sold

CRMLS: 19431120

$1,400,000

Price
Feb 22, 2019

Date

Pending

CRMLS: 19431120

$1,495,000

Price
Feb 5, 2019

Date

Active

CRMLS: 19431120

$1,495,000

Price
April, 2019
Apr 12, 2019

Date

Sold (Public Records)

Public Records

$1,400,000

Price
December, 2018
Dec 19, 2018

Date

Canceled

CRMLS: 18397656

$1,495,000

Price
Nov 8, 2018

Date

Price Change

CRMLS: 18397656

$1,495,000

Price
Oct 31, 2018

Date

Active Under Contract

CRMLS: 18397656

$1,695,000

Price
Oct 17, 2018

Date

Active

CRMLS: 18397656

$1,695,000

Price
Listing provided courtesy of CRMLS

Tax History for 3616 Marcia Dr

Assessed Value (2020): $1,671,000

Year	Land Value	Improved Value	Assessed Value
2020	$933,750	$737,250	$1,671,000

Home Value Compared to the Market

This property vs the competition

3616 Marcia Dr sold on April 15, 2019 for 33.48% higher 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 $415.74 per/sqft which puts the price per square foot 42.58% lower than the current median sale per square foot for the city of Los Angeles.

About 3616 Marcia Dr

Detailed summary of property

3616 Marcia Dr is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,596 living square feet, and sits on an approximately 5,126 square foot lot. 3616 Marcia Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,400,000. 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 33.48% higher than the current median priced home. Local homes that are currently for sale include 422 N Reno St, 342 N Dillon St and 1116 N Madison Ave. While the average home in Los Angeles, CA is selling in 106 days, 3616 Marcia Dr has a days on market of 18 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 3616 Marcia Dr Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3616 Marcia Dr

Public county record property details

Beds: 8
Baths: 4
Year built: 1962
Sq. Ft.: 3,596
Lot Size: 5,125
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 5427-017-035

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,225,000

Median List Price/Sq.Ft.

$787

Median Sold Price

$1,217,000

Median Sold Price/Sq.Ft.

$985

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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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.