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3733 Locke Ave, Los Angeles, CA 90032
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3733 Locke Ave Los Angeles, CA 90032

$1,300,000 Sold Price as of 03/22/2022
  • 8 Beds
  • 6 Baths
  • 3,978 Sq.Ft.
Sold
$1,300,000 Sold Price as of 03/22/2022 Refinance Your Mortgage
Map preview of 3733 Locke Ave, Los Angeles, CA 90032

Property Overview: 3733 Locke Ave Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,978 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6 unit apartment building on a quiet residential street in good El Sereno neighborhood, north of Huntington Drive and west of Eastern. There are 4 - 1 bedroom + 1 bath and 2 - 2 bedroom + 1 bath units. The building sits on a 7,500 sq. ft. lot. There is good upside in the rents. Covered parking for 6 cars. Individually metered for gas and electricity. Perfect for a first time investor or to add to an existing portfolio. Close to Downtown Los Angeles, South Pasadena, shops and restaurants.

Listed by Michael A Salerno | BRE #01212427 | Michael Anthony Salerno
Last checked: 11 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22123989
City
Los Angeles
County
Los Angeles
Time on Site
830 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $907
  • Total Rent: $907
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: $1,110
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.8
  • Gross Scheduled Income: --
  • Net Operating Income: $45,330
  • Gross Operating Income: $83,037
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3733 Locke Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5306011044
Location / Neighborhood
Location Information
  • Directions: North of Huntington Drive, west of Eastern
View more facts & features

Local Los Angeles Agent

Sale History for 3733 Locke Ave

Last sold for $1,300,000 on March 22nd, 2022

  • March, 2022

  • Mar 22, 2022

    Date

    Sold

    CRMLS: 22123989

    $1,300,000

    Price

  • Feb 1, 2022

    Date

    Active

    CRMLS: 22123989

    $1,295,000

    Price

  • June, 2015

  • Jun 26, 2015

    Date

    Sold (Public Records)

    Public Records

    $805,000

    Price

  • September, 2013

  • Sep 6, 2013

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 3733 Locke Ave

Assessed Value (2020): $885,071
Year Land Value Improved Value Assessed Value
2020 $494,520 $390,551 $885,071

Home Value Compared to the Market

This property vs the competition

3733 Locke Ave sold on March 22, 2022 for 8.82% 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 $325.54 per/sqft which puts the price per square foot 56.88% lower than the current median sale per square foot for the city of Los Angeles.

About 3733 Locke Ave

Detailed summary of property

3733 Locke Ave is a multi family that recently sold in Los Angeles, CA 90032. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,978 living square feet, and sits on an approximately 7,500 square foot lot. 3733 Locke Ave was first listed on ArdentRealEstateGroup.com on February 2, 2022. The homeowner sold the property for $1,300,000. 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 8.82% higher than the current median priced home. Local homes that are currently for sale include 829 El Paso Dr, 2705 Darwin Ave and 4914 Mendota Ave. While the average home in Los Angeles, CA is selling in 93 days, 3733 Locke Ave has a days on market of 22 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 3733 Locke Ave Los Angeles, CA 90032 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3733 Locke Ave

Public county record property details
Beds
8
Baths
6
Year built
1965
Sq. Ft.
3,978
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
5306-011-044

The source for these homes facts are from public records.

90032 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$662
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
59
Median Sale to List Price %
93.75%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 3733 Locke Ave

3741 Locke Ave, Los Angeles, CA 90032
$641,000 Last Sold Price
5 Beds
2 Baths
-- Sq.Ft.
3741 Locke Ave
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3751 Locke Ave, Los Angeles, CA 90032
$1,385,000 Last Sold Price
8 Beds
4 Baths
3712 Sq.Ft.
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3755 Locke Ave, Los Angeles, CA 90032
$1,430,000 Last Sold Price
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4736 Sq.Ft.
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3731 Randolph Ave, Los Angeles, CA 90032
$726,000 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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