3648 Percy St, Los Angeles, CA 90023
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3648 Percy St Los Angeles, CA 90023

$2,490,000
  • 18 Beds
  • 12 Baths
  • 6,444 Sq.Ft.
For Sale
$2,490,000 Get Pre-Qualified

Map preview of 3648 Percy St, Los Angeles, CA 90023

Property Overview: 3648 Percy St Los Angeles, CA has 18 bedrooms, 12 bathrooms, 6,444 living square feet and 8,943 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Offering a tremendously unique investment opportunity with additional upside with 2 ADU RTI!! Located in heart of LA's Eastside "blue collar hustle and bustle! High demand area with close fwy access near Downtown LA, Arts District, school, parks, both metro & bus transportation, shopping, services, & dining. Introducing a Newer 2017 Built Charming Craftsman-Style 6-Plex consisting of three Duplexes + 2 ADU RTI Permits. All systems are newer and hitting on all cylinders. Each unit is individually metered, has assigned on-premise parking & the grounds are gated and secure. Professionally landscaped offering optimal outdoor living space to enjoy leisurely living. Each upper unit has its own private balcony with views.Interiors are designed with an open floor plan with high vaulted ceilings, showroom kitchen and finishes, and tons of natural light! Fully occupied. Above average 6.9 % Cap Rate for LA with immediate added income via upside in rents and 8.1% Cap Rate with ADU build outs to generate a massive $268,500 Gross Annual Income. Additional photos/info visit: LiveOnPercy.com

Listed by Crystal Hayes | BRE #01960209 | Christie's AKG
Co-listed by Holland Ashrafnia | BRE #01345982 | Christie's AKG
Last checked: 4 minutes ago | Last updated: June 6th, 2024 | Source CRMLS | DOM: 46
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Home details

Lot Sq. Ft
8,943
HOA Dues
$0/mo
Year built
2017
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24395811
City
Los Angeles
County
Los Angeles
Time on Site
49 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: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,195
  • Pro Forma/Market Rent: $3,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $2,627
  • Pro Forma/Market Rent: $3,095
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,195
  • Pro Forma/Market Rent: $3,195
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,110
  • Pro Forma/Market Rent: $3,095
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,095
  • Pro Forma/Market Rent: $3,195
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,095
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.9%
  • Gross Rent Multiplier: 11.2
  • Gross Scheduled Income: $221,665
  • Net Operating Income: $171,391
  • Gross Operating Income: $226,440
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3648 Percy St

Interior Features
Heating Information
  • Has Heating
  • Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Room Information
  • Living Room, Primary Bathroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Cathedral Ceiling(s), Open Floorplan
  • Levels: Two
  • Window Features: Screens, Blinds, Double Pane Windows
  • Security Features: 24 Hour Security, Fire and Smoke Detection System, Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Rain Gutters
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Parking Space, Tandem Garage, Assigned, Paved
Lot Information
  • Lot Features: Front Yard, Landscaped, Yard
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 5188008010
  • Architectural Style: Craftsman
  • Foundation Details: Block
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South side of street
View more facts & features

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Sale History for 3648 Percy St

Last sold for $2,700,000 on November 19th, 2020
  • May, 2024

  • May 29, 2024

    Date

    Active

    CRMLS: 24395811

    $2,490,000

    Price

  • November, 2023

  • Nov 28, 2023

    Date

    Canceled

    CRMLS: SB23067795

    $2,650,000

    Price

  • Apr 21, 2023

    Date

    Active

    CRMLS: SB23067795

    $2,850,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET AT AN INCREDIBLE PRICE! Huge newer construction Boyle Heights single parcel 6 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + fully approved plans for (2) 1 Bed "Tiny Home" ADUs. Main units finished in 2017 with ADUs ready to construct at close.  Permits ready to issue plans included with sale. Luxury newer construction finishes and features include in-unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, water free landscaping, and modern open concept floor plans. All Utilities are separately metered leaving zero utility expenses. High yield, low expense property at an in-place cap rate of 5.5% and GRM of 12.41 with an additional 26% upside through rent increases and construction of ADUs to a market cap rate of 7.3% and a 9.87 GRM. Very well parked with 10 parking Spaces plus additional driveway parking. Available separate or together with a very similar property 2 blocks down located at 3429 Percy St.

  • November, 2020

  • Nov 19, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,700,000

    Price

  • June, 2016

  • Jun 7, 2016

    Date

    Sold (Public Records)

    Public Records

    $395,000

    Price

  • March, 2016

  • Mar 25, 2016

    Date

    Price Change

    CRMLS: CV16061426

    $390,000

    Price

  • Listing provided courtesy of CRMLS

    front unit is 2 bedroom one bath back unit is studio with handicap ramp, parking in front driveway for 2 cars, parking in back with alley entrance for 4 cars. very good condition for your single residence or maintain as a duplex, completely fenced.

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Tax History for 3648 Percy St

Assessed Value (2020): $1,207,889
Year Land Value Improved Value Assessed Value
2020 $427,560 $780,329 $1,207,889

Home Value Compared to the Market

This property vs the competition

3648 Percy St is listed 107.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $386.41 per/sqft which puts the price per square foot 50.01% lower than the median price per square foot for the city of Los Angeles.

About 3648 Percy St

Detailed summary of property

3648 Percy St is a multi family located in Los Angeles, CA 90023 and is currently for sale. This multi family property offers 18 bedrooms, 12 bathrooms, roughly 6,444 living square feet, and sits on an approximately 8,943 square foot lot. 3648 Percy St was first listed on ArdentRealEstateGroup.com on May 26, 2024. The homeowner is currently asking $2,490,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 107.5% higher than the median priced home. Local competing homes currently for sale include 1128 E 28th St, 4516 Griffin Ave and 5243 Huntington Dr. While the average home in Los Angeles, CA is selling in 101 days, 3648 Percy St has a days on market of 46 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 3648 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 3648 Percy St

Public county record property details
Beds
18
Baths
12
Year built
2017
Sq. Ft.
6,444
Lot Size
8,940
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5188-008-010

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
$599,000
Median List Price/Sq.Ft.
$628
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$646
Total Inventory
21
Median Sale to List Price %
101.18%
Avg Days on Market
57
Loan Type
Conventional (0%), FHA (100%), VA (0%), Cash (0%), 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.