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3751 Locke Ave, Los Angeles, CA 90032
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3751 Locke Ave Los Angeles, CA 90032

$1,385,000 Sold Price as of 09/03/2021
  • 8 Beds
  • 4 Baths
  • 3,712 Sq.Ft.
Sold
$1,385,000 Sold Price as of 09/03/2021 Refinance Your Mortgage
Map preview of 3751 Locke Ave, Los Angeles, CA 90032

Property Overview: 3751 Locke Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,712 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful Detached Home + Huge Triplex in El Sereno north of Huntington Dr on quiet, mostly residential street! House is currently occupied by family and can be delivered vacant, one remodeled rear unit is currently vacant and easy to show! The property features an 832 SF front house with 2 Br + 1 Ba and its own entrance & front yard with fruit trees - which may be delivered vacant. The rear structure has all 2 Br + 1.5 Ba apartments of townhouse-style (2 stories each!) that area very spacious 960 SF each. One rear unit (3753 #2) is currently vacant and recently underwent extensive remodeling that includes: new flooring throughout, new appliances, new kitchen cabinets & stone countertops, new windows, and remodeled bathrooms. Other recent upgrades include a re-paved driveway + parking area and new paint on both exterior buildings. The house is in move-in condition as well. The 2 rear tenants are current on rent. Ample open parking for all units, plus all units have back doors and washer hookups in kitchen. GRM & CAP are calculated based on market rents for the units that can be delivered vacant. El Sereno is currently experiencing incredible popularity due to its affordability and proximity to expensive submarkets such as South Pasadena, Alhambra, Highland Park, etc. Call listing agent for full income, marketing package, or to schedule a tour!

Listed by Dana Coronado | BRE #01746702 | Equity Union
Last checked: 2 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21734746
City
Los Angeles
County
Los Angeles
Time on Site
1070 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,066
  • Total Rent: $1,066
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,140
  • Total Rent: $1,140
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.51%
  • Gross Rent Multiplier: 15.9
  • Gross Scheduled Income: $86,472
  • Net Operating Income: $61,969
  • Gross Operating Income: $86,472
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3751 Locke Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Uncovered, Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5306011048
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Easy access from 110 and 5 Freeways.
View more facts & features

Local Los Angeles Agent

Sale History for 3751 Locke Ave

Last sold for $1,385,000 on September 3rd, 2021

  • September, 2021

  • Sep 3, 2021

    Date

    Sold

    CRMLS: 21734746

    $1,385,000

    Price

  • Jul 22, 2021

    Date

    Active Under Contract

    CRMLS: 21734746

    $1,375,000

    Price

  • Jul 14, 2021

    Date

    Price Change

    CRMLS: 21734746

    $1,375,000

    Price

  • Jun 11, 2021

    Date

    Active

    CRMLS: 21734746

    $1,425,000

    Price

  • May, 2016

  • May 17, 2016

    Date

    Sold (Public Records)

    Public Records

    $580,000

    Price

  • January, 2010

  • Jan 25, 2010

    Date

    Sold (Public Records)

    Public Records

    $420,000

    Price

Show More

Tax History for 3751 Locke Ave

Assessed Value (2020): $627,809
Year Land Value Improved Value Assessed Value
2020 $357,201 $270,608 $627,809

Home Value Compared to the Market

This property vs the competition

3751 Locke Ave sold on September 3, 2021 for 15.55% 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 $370.42 per/sqft which puts the price per square foot 50.94% lower than the current median sale per square foot for the city of Los Angeles.

About 3751 Locke Ave

Detailed summary of property

3751 Locke Ave is a multi family that recently sold in Los Angeles, CA 90032. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,712 living square feet, and sits on an approximately 7,501 square foot lot. 3751 Locke Ave was first listed on ArdentRealEstateGroup.com on June 11, 2021. The homeowner sold the property for $1,385,000. 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 15.55% higher than the current median priced home. Local homes that are currently for sale include 3408 N Figueroa St, 2705 Darwin Ave and 4951 Baltimore St. While the average home in Los Angeles, CA is selling in 94 days, 3751 Locke Ave has a days on market of 41 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 3751 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 3751 Locke Ave

Public county record property details
Beds
8
Baths
7
Year built
1965
Sq. Ft.
3,712
Lot Size
7,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
63
APN
5306-011-048

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
64
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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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 3751 Locke Ave

3733 Locke Ave, Los Angeles, CA 90032
$1,300,000 Last Sold Price
8 Beds
6 Baths
3978 Sq.Ft.
3733 Locke Ave
Los Angeles, CA 90032
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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3755 Locke Ave, Los Angeles, CA 90032
$1,430,000 Last Sold Price
11 Beds
6 Baths
4736 Sq.Ft.
3755 Locke Ave
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3731 Randolph Ave, Los Angeles, CA 90032
$726,000 Last Sold Price
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2 Baths
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3731 Randolph Ave
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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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