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3618 Clarington Ave Los Angeles, CA 90034

$1,975,000 Sold Price as of 10/03/2019

6 Beds
6 Baths
4,074 Sq.Ft.

Sold

$1,975,000 Sold Price as of 10/03/2019 Refinance Your Mortgage

Map preview of 3618 Clarington Ave, Los Angeles, CA 90034

Property Overview: 3618 Clarington Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 4,074 living square feet and 5,411 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautifully maintained by the same owner for decades. The property consists of one (1) two-bedroom, four (4) one-bedroom and one (1) single unit. The soft story retrofitting has already been completed along with gas shut off valves.This is an electric building with 6 individual electric meters. All units have their own balconies. The building is approximately 4,074 square feet sitting on a lot of approximately 5,411 square feet and was built in 1970. This is a great opportunity to own and easily manage a well maintained property with potential upside value. Conveniently located on the Westside of Los Angeles in a high demand area.Close to the neighboring communities of Culver City, Marina Del Rey, Playa Del Rey, Venice and Santa Monica. Laundry is leased with annual income of $470.00 For more detailed information see our Offering Memorandum.

Listed by Francyne Lambert | BRE #00827267 | Lambert Investments, Inc.

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft: 5,411
HOA Dues: $0/mo
Year built: 1970
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19497032
City: Los Angeles
County: Los Angeles
Time on Site: 1223 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,592
Total Rent: $1,592
Pro Forma/Market Rent: $1,592

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $726
Total Rent: $726
Pro Forma/Market Rent: $726

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,462
Total Rent: $1,462
Pro Forma/Market Rent: $1,462

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $1,950

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,432
Total Rent: $1,432
Pro Forma/Market Rent: $1,432

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,097
Total Rent: $1,097
Pro Forma/Market Rent: $1,097

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 18.08
Gross Scheduled Income: --
Net Operating Income: $51,506
Gross Operating Income: $99,577
Improvements Total: $169,189

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3618 Clarington Ave

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: Detached Carport

Lot Information

Lot Size Source: See Remarks

Property Information

Total # of Units: 6
Parcel Number: 4313007025

Location / Neighborhood

Location Information

Directions: Located between Palms Blvd and Venice Blvd, East of Overland

View more facts & features

Local Los Angeles Agent

Sale History for 3618 Clarington Ave

Last sold for $1,975,000 on October 3rd, 2019

October, 2019
Oct 4, 2019

Date

Sold

CRMLS: 19497032

$1,975,000

Price
Aug 15, 2019

Date

Pending

CRMLS: 19497032

$1,800,000

Price
Aug 8, 2019

Date

Active Under Contract

CRMLS: 19497032

$1,800,000

Price
Aug 6, 2019

Date

Active

CRMLS: 19497032

$1,800,000

Price
October, 2019
Oct 3, 2019

Date

Sold (Public Records)

Public Records

$1,975,000

Price

Tax History for 3618 Clarington Ave

Assessed Value (2020): $1,975,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,500,000	$475,000	$1,975,000

Home Value Compared to the Market

This property vs the competition

3618 Clarington Ave sold on October 3, 2019 for 51.26% 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 $441.83 per/sqft which puts the price per square foot 41.48% lower than the current median sale per square foot for the city of Los Angeles.

About 3618 Clarington Ave

Detailed summary of property

3618 Clarington Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 4,074 living square feet, and sits on an approximately 5,411 square foot lot. 3618 Clarington Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,975,000. 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 51.26% higher than the current median priced home. Local homes that are currently for sale include 1140 S Shenandoah St, 1142 S Bedford St and 2928 Carmona Ave. While the average home in Los Angeles, CA is selling in 92 days, 3618 Clarington Ave has a days on market of 2 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3618 Clarington 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 3618 Clarington Ave

Public county record property details

Beds: 7
Baths: 6
Year built: 1970
Sq. Ft.: 4,074
Lot Size: 5,411
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 53
APN: 4313-007-025

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

$1,899,000

Median List Price/Sq.Ft.

$925

Median Sold Price

$2,079,000

Median Sold Price/Sq.Ft.

$899

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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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.