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3632 Percy St, Los Angeles, CA 90023
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3632 Percy St Los Angeles, CA 90023

$2,500,000 Sold Price as of 11/21/2019
  • 18 Beds
  • 12 Baths
  • 6,462 Sq.Ft.
Sold
$2,500,000 Sold Price as of 11/21/2019 Refinance Your Mortgage
Map preview of 3632 Percy St, Los Angeles, CA 90023

Property Overview: 3632 Percy St Los Angeles, CA has 18 bedrooms, 12 bathrooms, 6,462 living square feet and 8,941 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: AMAZING BRAND NEW CONSTRUCTION LUXURIOUS 6 UNITS TOWNHOUSE STYLE APARTMENT: This bustling Boyle Heights neighborhood is just a few minutes to downtown LA. and conveniently located on the crossroads of Fwys 60, 5, 10 and 101; very close to the USC Medical Center and LACSU. This property consists of 3 identical duplex buildings built with upgraded interior finishes and quality fixtures, laminate wood floors, modern kitchen counters and cabinets and complete with quality stainless steel appliances including refrigerator/washer/dryer for each unit. This complex is more than just an apartment living, it provide occupants with sense of pride and satisfaction in trendy hip setting that a new built luxury townhouse style apartment can offer. Steps to nearby schools & park, public transport spots and great restaurants nearby, this neighborhood is vibrant and has great Mariachi entertainments at the town square. There is a 2car parking spaces per unit and a back alley access. For the savvy investor, this complex offers an attractive projected Cap Rate of 5.28 and GRM of 13.34. All units have each own meters for electric, gas and water and tenant pays all utilities including trash. As a new construction, repairs and maintenance should be down also to the minimum cost over a good span of years. Make the move now to make this nice property be part of your investment portfolio.

Listed by ARNOLD VER | BRE #00923517 | RE/MAX 2000 REALTY
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 120

Home details

Lot Sq. Ft
8,941
HOA Dues
$0/mo
Year built
2018
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV19131393
City
Los Angeles
County
Los Angeles
Time on Site
1353 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 7
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,845
  • Total Rent: $2,845
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.28%
  • Gross Rent Multiplier: 13.34
  • Gross Scheduled Income: $194,880
  • Net Operating Income: $137,455
  • Gross Operating Income: $185,136
  • Vacancy Allowance: $9,744
  • Other Income Description: ref/washer/dryer included
Annual Expense Breakdown
  • Total Operating Expense: $47,681
  • New Taxes: $31,460
  • Trash: $0
  • Insurance: $2,585
  • Maintenance: $1,500
  • Professional Management: $7,405
  • Water/Sewer: $1,500
  • Other Expenses: $3,231
  • Other Expense Description: Reserve

Property Details for 3632 Percy St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Inside, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Level with Street, Lot 6500-9999, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 5188008007
  • Year Built Source: Builder
  • Architectural Style: Contemporary
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: N/Whittier Blvd; X/Indiana St.
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3632 Percy St

Last leased for $2,750 on February 11th, 2020

  • February, 2020

  • Feb 11, 2020

    Date

    Leased

    CRMLS: 19534660

    $2,750

    Price

  • Dec 4, 2019

    Date

    Active

    CRMLS: 19534660

    $2,745

    Price

  • Listing provided courtesy of CRMLS

    AMAZING BRAND NEW CONSTRUCTION LUXURIOUS 6 UNITS TOWNHOUSE STYLE APARTMENT: This bustling Boyle Heights neighborhood is just a few minutes to downtown LA. and conveniently located on the crossroads of Fwy 60, 5, 10 and 101; very close to the USC Medical Center and LACSU. This property consists of 3 identical duplex buildings built with upgraded interior finishes and quality fixtures, laminate wood floors, modern kitchen counters and cabinets and complete with quality stainless steel appliances including refrigerator/washer/dryer for each unit. This complex is more than just an apartment living, it provide occupants with sense of pride and satisfaction in trendy hip setting that a new built luxury townhouse style apartment can offer. Steps to nearby schools & park, public transport spots and great restaurants nearby, this neighborhood is vibrant and has great Mariachi entertainments at the town square.

  • November, 2019

  • Nov 25, 2019

    Date

    Sold

    CRMLS: CV19131393

    $2,500,000

    Price

  • Oct 24, 2019

    Date

    Pending

    CRMLS: CV19131393

    $2,599,950

    Price

  • Sep 4, 2019

    Date

    Price Change

    CRMLS: CV19131393

    $2,599,950

    Price

  • Jun 7, 2019

    Date

    Active

    CRMLS: CV19131393

    $2,700,000

    Price

  • November, 2019

  • Nov 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,500,000

    Price

  • June, 2017

  • Jun 7, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3632 Percy St

Assessed Value (2020): $2,500,000
Year Land Value Improved Value Assessed Value
2020 $1,250,000 $1,250,000 $2,500,000

Home Value Compared to the Market

This property vs the competition

3632 Percy St sold on November 21, 2019 for 132.14% 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 $402.34 per/sqft which puts the price per square foot 44.43% lower than the current median sale per square foot for the city of Los Angeles.

About 3632 Percy St

Detailed summary of property

3632 Percy St is a multi family that recently sold in Los Angeles, CA 90023. This multi family property offered 18 bedrooms, 12 bathrooms, roughly 6,462 living square feet, and sits on an approximately 8,941 square foot lot. 3632 Percy St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,500,000. 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 132.14% higher than the current median priced home. Local homes that are currently for sale include 1445 Calumet Ave, 411 Witmer St and 318 Columbia Ave. While the average home in Los Angeles, CA is selling in 106 days, 3632 Percy St has a days on market of 120 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 3632 Percy St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3632 Percy St

Public county record property details
Beds
18
Baths
12
Year built
2017
Sq. Ft.
6,555
Lot Size
8,941
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5188-008-007

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
20
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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Recently Sold Homes Near 3632 Percy St

3648 Percy St, Los Angeles, CA 90023
$2,500,000 Last Sold Price
18 Beds
12 Baths
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3648 Percy St
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3674 Percy St, Los Angeles, CA 90023
$1,300,000 Last Sold Price
45 Beds
45 Baths
3600 Sq.Ft.
3674 Percy St
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3561-3565 E Percy St, Los Angeles, CA 90023
$2,405,000 Last Sold Price
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6190 Sq.Ft.
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3557 Percy St, Los Angeles, CA 90023
$1,995,000 Last Sold Price
12 Beds
7 Baths
5093 Sq.Ft.
3557 Percy St
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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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