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3705 Military Ave, Los Angeles, CA 90034
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3705 Military Ave Los Angeles, CA 90034

$2,235,000 Sold Price as of 09/21/2022
  • 10 Beds
  • 7 Baths
  • 4,330 Sq.Ft.
Sold
$2,235,000 Sold Price as of 09/21/2022 Refinance Your Mortgage
Map preview of 3705 Military Ave, Los Angeles, CA 90034

Property Overview: 3705 Military Ave Los Angeles, CA has 10 bedrooms, 7 bathrooms, 4,330 living square feet and 4,873 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Original Owner- 1st time on the market since built! Oversized four-plex in one of the best pockets of Los Angeles. 3705 Military Ave is in an A+ location of Palms on a quiet residential street. This area not only demands high rents, but has a 83 WalkScore being located a few blocks from Trader Joes, public parks and public transportation; Just minutes from LA's tech hub with Culver Studios, Culver Steps, Apple and Sony Studios. The property consists of (3) 3Bed/2Bathroom and (1) 1Bed/1Bath units, each with patios. All units are in great condition and located conveniently near the 405 and 10 freeways. Beneficial to the new owner, the soft story retrofit work has been completed. Great local schools include Windward School, Charnock Road Elementary, Palms Middle School and Clover Avenue Elementary School.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 4 minutes ago | Last updated: September 21st, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
4,873
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB22152905
City
Los Angeles
County
Los Angeles
Time on Site
653 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.52%
  • Gross Rent Multiplier: 18.84
  • Gross Scheduled Income: $124,740
  • Net Operating Income: $82,831
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $38,167
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 3705 Military Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 4252013001
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major Cross Streets are Venice Blvd and Sepulveda Blvd
Neighborhood Information
  • Community Features: Biking, Curbs, Golf, Hiking, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3705 Military Ave

Last sold for $2,235,000 on September 21st, 2022

  • September, 2022

  • Sep 21, 2022

    Date

    Sold

    CRMLS: SB22152905

    $2,235,000

    Price

  • Jul 18, 2022

    Date

    Active

    CRMLS: SB22152905

    $2,350,000

    Price

Tax History for 3705 Military Ave

Assessed Value (2020): $165,390
Year Land Value Improved Value Assessed Value
2020 $54,892 $110,498 $165,390

Home Value Compared to the Market

This property vs the competition

3705 Military Ave sold on September 21, 2022 for 97.48% 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 $542.73 per/sqft which puts the price per square foot 28.12% lower than the current median sale per square foot for the city of Los Angeles.

About 3705 Military Ave

Detailed summary of property

3705 Military Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 4,330 living square feet, and sits on an approximately 4,873 square foot lot. 3705 Military Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $2,235,000. 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 97.48% higher than the current median priced home. Local homes that are currently for sale include 8664 Cadillac Ave, 10669 Kinnard Ave and 1556 S Beverly Glen Blvd. While the average home in Los Angeles, CA is selling in 93 days, 3705 Military Ave has a days on market of 25 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 3705 Military 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 3705 Military Ave

Public county record property details
Beds
10
Baths
7
Year built
1964
Sq. Ft.
4,330
Lot Size
4,873
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
202
APN
4252-013-001

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
$1,999,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
43
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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(714) 706-1823

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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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