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3683 S Victoria Ave, Los Angeles, CA 90016
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3683 S Victoria Ave Los Angeles, CA 90016

$1,372,000 Sold Price as of 01/25/2024
  • 8 Beds
  • 4 Baths
  • 3,652 Sq.Ft.
Sold
$1,372,000 Sold Price as of 01/25/2024 Refinance Your Mortgage
Map preview of 3683 S Victoria Ave, Los Angeles, CA 90016

Property Overview: 3683 S Victoria Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,652 living square feet and 6,602 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Unique opportunity to buy a 4plex in the heart of West Adams with 2 units delivered vacant, and the other 2 remodeled and getting market rents. Perfect for an owner user to live in 1 and rent the other 3, or for an investor to remodel the 2 vacant units, rent at market, and cash flow with 4 units at market rate. All 4 units are 2 Bed/1 Bath and identical size/layout with 4 garages in the back -- 3 of which are vacant and can provide future income for the next owner. In place cap rate of 5.70% when the 2 vacant units are rented at market, and a 6.05% cap rate if garages are leased & rented. Located just 1 block away from the Expo / Crenshaw Station and LAX K-Line for tenants to have easy transportation access throughout the city. Low operating costs as the property is separately metered for gas & electricity, and tenants pay for trash.

Listed by Jonathan Rawson | BRE #02010400 | Avenue Realty Group
Last checked: 8 minutes ago | Last updated: January 26th, 2024 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
6,602
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23332599
City
Los Angeles
County
Los Angeles
Time on Site
185 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.05%
  • Gross Rent Multiplier: 11.86
  • Gross Scheduled Income: --
  • Net Operating Income: $84,218
  • Gross Operating Income: $114,072
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3683 S Victoria Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 4
  • Parcel Number: 5046025007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Obama, North of Coliseum, West of Crenshaw, East of Buckingham
View more facts & features

Local Los Angeles Agent

Sale History for 3683 S Victoria Ave

Last sold for $1,372,000 on January 25th, 2024

  • January, 2024

  • Jan 25, 2024

    Date

    Sold

    CRMLS: 23332599

    $1,372,000

    Price

  • Nov 16, 2023

    Date

    Active

    CRMLS: 23332599

    $1,395,000

    Price

  • February, 2018

  • Feb 28, 2018

    Date

    Sold (Public Records)

    Public Records

    $910,000

    Price

  • November, 2016

  • Nov 22, 2016

    Date

    Sold (Public Records)

    Public Records

    $738,000

    Price

Show More

Tax History for 3683 S Victoria Ave

Assessed Value (2020): $1,196,460
Year Land Value Improved Value Assessed Value
2020 $832,320 $364,140 $1,196,460

Home Value Compared to the Market

This property vs the competition

3683 S Victoria Ave sold on January 25, 2024 for 17.23% 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 $381.98 per/sqft which puts the price per square foot 49.41% lower than the current median sale per square foot for the city of Los Angeles.

About 3683 S Victoria Ave

Detailed summary of property

3683 S Victoria Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,652 living square feet, and sits on an approximately 6,602 square foot lot. 3683 S Victoria Ave was first listed on ArdentRealEstateGroup.com on November 16, 2023. The homeowner sold the property for $1,372,000. 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 17.23% higher than the current median priced home. Local homes that are currently for sale include 4080 Leimert Blvd, 3008 S West View St and 2216 W Jefferson Blvd. While the average home in Los Angeles, CA is selling in 92 days, 3683 S Victoria Ave has a days on market of 18 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 3683 S Victoria Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3683 S Victoria Ave

Public county record property details
Beds
8
Baths
4
Year built
1948
Sq. Ft.
3,652
Lot Size
6,600
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
63
APN
5046-025-007

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
78
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Recently Sold Homes Near 3683 S Victoria Ave

3719 S Victoria Ave, Los Angeles, CA 90016
$1,342,000 Last Sold Price
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6 Baths
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3719 S Victoria Ave
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3747 S Victoria Ave, Los Angeles, CA 90016
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3618 S Victoria Ave, Los Angeles, CA 90016
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6 Baths
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3618 S Victoria Ave
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3811 Exposition Blvd, Los Angeles, CA 90016
$3,225,000 Last Sold Price
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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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