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3670 Regal Pl Los Angeles, CA 90068

$1,600,000 Sold Price as of 10/09/2019

5 Beds
5 Baths
3,122 Sq.Ft.

Sold

$1,600,000 Sold Price as of 10/09/2019 Refinance Your Mortgage

Map preview of 3670 Regal Pl, Los Angeles, CA 90068

Property Overview: 3670 Regal Pl Los Angeles, CA has 5 bedrooms, 5 bathrooms, 3,122 living square feet and 6,982 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 3670 Regal Place - a four (4) unit multifamily investment opportunity located in prime Hollywood Hills with the option of seller financing being available. This building consists of 3,122 SF of living area and is situated on a 6,982 SF lot zoned LARD1.5. In addition to providing five (5) garage parking spaces and one (1) carport, the building also boasts a desirable unit mix of One (1) Two Bedroom / Two Bath unit and Three (3) One Bedroom / One Bath units. The owner has taken great care of the property and recently replaced the roof as well as completing extensive landscaping work. This stunning pride of ownership offering boasts spacious floor plans with hardwood and tile floors, granite counter tops, newer appliances, central HVAC, gated entry with an intercom system, and private courtyards. Additionally, all units provide laundry facilities in each unit. The Two Bed / Two Bath unit also has a private entrance via the garage

Listed by Adrian Stepien | BRE #01979555 | KW Advisors
Co-listed by Derrick Vartanian | BRE #01816119 | KW Advisors

Last checked: 12 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 437

Home details

Lot Sq. Ft: 6,982
HOA Dues: $0/mo
Year built: 1951
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 18366852
City: Los Angeles
County: Los Angeles
Time on Site: 1213 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,684
Total Rent: $20,214
Pro Forma/Market Rent: $2,250

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,699
Total Rent: $20,393
Pro Forma/Market Rent: $2,250

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,970
Total Rent: $23,646
Pro Forma/Market Rent: $2,250

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $3,000
Total Rent: $36,000
Pro Forma/Market Rent: $3,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 16.46
Gross Scheduled Income: --
Net Operating Income: $65,599
Gross Operating Income: $97,246

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3670 Regal Pl

Interior Features

Cooling Information

Has Cooling
Central Air

Heating Information

Has Heating
Central

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 6
Has Parking
Parking Features: Garage

Lot Information

Lot Size Source: Other

Property Information

Total # of Units: 4
Parcel Number: 2425005029

Location / Neighborhood

Location Information

Directions: The property is located on Regal Place, just north of Mulholland Dr and South of the 101 Freeway. The location of the property is outstanding as it is centrally located and allows for tenants to live within close proximity to the Universal City Walk, the Hollywood Bowl, Griffith Park, and world renowned Hollywood Blvd.

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Local Los Angeles Agent

Sale History for 3670 Regal Pl

Last sold for $1,600,000 on October 9th, 2019

October, 2019
Oct 9, 2019

Date

Sold

CRMLS: 18366852

$1,600,000

Price
Jul 8, 2019

Date

Active Under Contract

CRMLS: 18366852

$1,650,000

Price
Jan 7, 2019

Date

Active

CRMLS: 18366852

$1,650,000

Price
Dec 28, 2018

Date

Hold

CRMLS: 18366852

$1,650,000

Price
Oct 23, 2018

Date

Price Change

CRMLS: 18366852

$1,650,000

Price
Jul 19, 2018

Date

Active

CRMLS: 18366852

$1,775,000

Price
October, 2019
Oct 9, 2019

Date

Sold (Public Records)

Public Records

$1,600,000

Price
June, 2018
Jun 8, 2018

Date

Expired

CRMLS: SR17273185

$1,775,000

Price
Jun 8, 2018

Date

Withdrawn

CRMLS: SR17273185

$1,775,000

Price
Dec 11, 2017

Date

Active

CRMLS: SR17273185

$1,775,000

Price
Listing provided courtesy of CRMLS

Seller Financing! Built in 1951, the property's living space is approximately 3,122 square feet nestled on a 6,982 square foot lot. Spacious apartments with hardwood floors, central A/C and heating, washer/dryer in every unit, courtyard style with lush landscaping. The unit mix consists of three 1 bedroom 1 bath apartments and one 2 bedroom 2 bath apartment. Individually metered for gas and electric, 5 covered garages and 1 open parking. Great upside rental potential. Perfect for an owner/user or investor looking to own income property that is in a prime location. This is truly a one-of-kind Pride Of Ownership property that gives its tenants a real place they can call home. Seller financing available. Call Listing Agent for details. property can be purchased with adjacent property next door, 3666 Regal Place, a 5-Unit Apartment Complex. Asking price for the 5 unit is $2,250,000. Close proximity to 101 freeway, Universal City, Burbank, Studio City, and Hollywood. Centrally located to NBC/Universal, Warner Brother Studios, CBS Studios/Radford,and within walking distance to the Universal City Metro.

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Tax History for 3670 Regal Pl

Assessed Value (2020): $1,600,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,200,000	$400,000	$1,600,000

Home Value Compared to the Market

This property vs the competition

3670 Regal Pl sold on October 9, 2019 for 38.66% 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 $528.51 per/sqft which puts the price per square foot 30% lower than the current median sale per square foot for the city of Los Angeles.

About 3670 Regal Pl

Detailed summary of property

3670 Regal Pl is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,122 living square feet, and sits on an approximately 6,982 square foot lot. 3670 Regal Pl was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,600,000. 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 38.66% higher than the current median priced home. Local homes that are currently for sale include 6416 La Mirada Ave, 6410 La Mirada and 806 N Citrus Ave. While the average home in Los Angeles, CA is selling in 93 days, 3670 Regal Pl has a days on market of 437 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3670 Regal Pl Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3670 Regal Pl

Public county record property details

Beds: 5
Baths: 5
Year built: 1951
Sq. Ft.: 3,122
Lot Size: 6,983
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 43
APN: 2425-005-029

The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,099,000

Median List Price/Sq.Ft.

$869

Median Sold Price

$2,100,000

Median Sold Price/Sq.Ft.

$897

Total Inventory

163

Median Sale to List Price %

112%

Avg Days on Market

Loan Type

Conventional (9.68%), FHA (3.23%), VA (0%), Cash (9.68%), 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.