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3747 Fredonia Dr Los Angeles, CA 90068

$1,399,999 Sold Price as of 11/13/2020

4 Beds
3 Baths
3,400 Sq.Ft.

Sold

$1,399,999 Sold Price as of 11/13/2020 Refinance Your Mortgage

Map preview of 3747 Fredonia Dr, Los Angeles, CA 90068

Property Overview: 3747 Fredonia Dr Los Angeles, CA has 4 bedrooms, 3 bathrooms, 3,400 living square feet and 15,918 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The 2-4 Unit Specialists are pleased to present this secluded park-like (tree-laden) triplex in the Studio City/Universal City Hills. It is a rarity to find a 2-4 unit property in this picturesque neighborhood, as only one has become available in the past year. This compound, which is rumored to have been owned by Rock Hudson, transports the client into a lush hideaway despite being only minutes away from the Hollywood Bowl, Universal Studios, and the Hollywood Freeway. Situated 2 blocks south of Cahuenga Blvd, other location highlights include In-N-Out Burger, LA Fitness, and Ventura Blvd. 3747 Fredonia consists of a 2bd/1ba upper unit, a 1bd/1ba lower unit, and a standalone 1bd/1ba cottage. Additionally, the property has a large enchanting patio where tenants have hosted comedy shows and music events. Historically, these units have attracted A+ tenants at peak rents within days of being on the rental market. The property has an excellent current cap rate of 4.2% and a pro forma cap rate of 5.02%! Lastly, the units are situated on an enormous 16,000 SF lot, making development a possibility for the future! Not only is 3747 Fredonia a true oasis in the city, but a strategic long-term investment.

Listed by Michael Moran | BRE #01762038 | The 2-4 Unit Specialists
Co-listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists

Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft: 15,918
HOA Dues: $0/mo
Year built: 1940
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: BB20115770
City: Los Angeles
County: Los Angeles
Time on Site: 1214 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 0

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $2,266
Total Rent: $2,266
Pro Forma/Market Rent: $3,200

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $3,000
Total Rent: $3,000
Pro Forma/Market Rent: $3,000

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $1,800
Total Rent: $1,800
Pro Forma/Market Rent: $2,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $84,792
Net Operating Income: $58,852
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $24,244
Electric: $0
New Taxes: $16,744
Trash: $0
Insurance: $1,200
Water/Sewer: $0

Property Details for 3747 Fredonia Dr

Interior Features

Laundry Information

Has Laundry
Inside, Outside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3

Lot Information

Lot Features: Back Yard, Lot 10000-19999 Sqft, Secluded, Up Slope from Street
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 3
Parcel Number: 2425006013
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Property located on Fredonia Dr, just south of Cahuenga Blvd. Tenants have a close proximity to Universal City Walk, The Hollywood Bowl, and Hollywood Blvd.

Neighborhood Information

Community Features: Gutters

View more facts & features

Local Los Angeles Agent

Sale History for 3747 Fredonia Dr

Last sold for $1,400,000 on November 13th, 2020

November, 2020
Nov 16, 2020

Date

Sold

CRMLS: BB20115770

$1,399,999

Price
Sep 2, 2020

Date

Active Under Contract

CRMLS: BB20115770

$1,399,999

Price
Jul 23, 2020

Date

Active

CRMLS: BB20115770

$1,399,999

Price
November, 2020
Nov 13, 2020

Date

Sold (Public Records)

Public Records

$1,400,000

Price
December, 2019
Dec 13, 2019

Date

Canceled

CRMLS: 19516092

$1,495,000

Price
Oct 1, 2019

Date

Active

CRMLS: 19516092

$1,495,000

Price
Listing provided courtesy of CRMLS

67% Underbuilt, see report in documents. Great multi-residence or development opportunity in the hills of Hollywood near Studio City. The property features an opportunity for serene living amongst mature trees and has the potential of adding 4,471 sq. ft.. This triplex offers creative living options, private patios and separate garages. Nestled in a great location above Ventura Blvd, near studios, entertainment and nightlife. Amazing upside potential.

Continue Reading
September, 2019
Sep 30, 2019

Date

Canceled

CRMLS: 19487742

$1,895,000

Price
Sep 12, 2019

Date

Price Change

CRMLS: 19487742

$1,895,000

Price
Aug 21, 2019

Date

Price Change

CRMLS: 19487742

$1,975,000

Price
Jul 24, 2019

Date

Active

CRMLS: 19487742

$1,995,000

Price
Listing provided courtesy of CRMLS

67% Underbuilt, find report under docs. Great multi-residence or development opportunity in the hills of Hollywood near Studio City. The property features an opportunity for serene living amongst mature trees and has the potential of adding 4,471 sq. ft.. This triplex offers creative living options, private patios and separate garages. Nestled in a great location above Ventura Blvd, near studios, entertainment and nightlife. Amazing upside potential.

Continue Reading
September, 2004
Sep 2, 2004

Date

Sold (Public Records)

Public Records

$750,000

Price

Tax History for 3747 Fredonia Dr

Assessed Value (2020): $956,110

Year	Land Value	Improved Value	Assessed Value
2020	$739,240	$216,870	$956,110

Home Value Compared to the Market

This property vs the competition

3747 Fredonia Dr sold on November 13, 2020 for 17.65% 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 $411.76 per/sqft which puts the price per square foot 45.46% lower than the current median sale per square foot for the city of Los Angeles.

About 3747 Fredonia Dr

Detailed summary of property

3747 Fredonia Dr is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 3,400 living square feet, and sits on an approximately 15,918 square foot lot. 3747 Fredonia Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,399,999. 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 17.65% higher than the current median priced home. Local homes that are currently for sale include 5851 La Mirada Ave, 1120 N Van Ness Ave and 847 Ridgewood Pl. While the average home in Los Angeles, CA is selling in 93 days, 3747 Fredonia Dr has a days on market of 20 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 3747 Fredonia Dr 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 3747 Fredonia Dr

Public county record property details

Beds: 4
Baths: 3
Year built: 1940
Sq. Ft.: 2,156
Lot Size: 15,917
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 33
APN: 2425-006-013

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.