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3755 Locke Ave Los Angeles, CA 90032

$1,430,000 Sold Price as of 09/03/2019

11 Beds
6 Baths
4,736 Sq.Ft.

Sold

$1,430,000 Sold Price as of 09/03/2019 Refinance Your Mortgage

Map preview of 3755 Locke Ave, Los Angeles, CA 90032

Property Overview: 3755 Locke Ave Los Angeles, CA has 11 bedrooms, 6 bathrooms, 4,736 living square feet and 7,387 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: No Rent Control!!! Rents way below market! Minutes away from Pasadena and Alhambra. Loan is assumable.

Listed by Jared Leung | BRE #01985447 | MacroReal Inv Grp Inc.

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 150

Home details

Lot Sq. Ft: 7,387
HOA Dues: $0/mo
Year built: 1991
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: TR19005626
City: Los Angeles
County: Los Angeles
Time on Site: 1216 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 1
# of Leased Units: 5
# of Electric Meters: 5
# of Gas Meters: 5
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 4
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,200
Total Rent: $2,200
Pro Forma/Market Rent: $2,500

Unit Breakdown 2

# of Units: 3
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,450
Total Rent: $4,350
Pro Forma/Market Rent: $5,400

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,325
Total Rent: $1,325
Pro Forma/Market Rent: $1,600

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.3%
Gross Rent Multiplier: --
Gross Scheduled Income: $94,500
Net Operating Income: $64,395
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $30,105
Electric: $0
Gas/Fuel: $0
New Taxes: $22,409
Trash: $0
Insurance: $1,700
Professional Management: $0
Water/Sewer: $6,000

Property Details for 3755 Locke Ave

Interior Features

Laundry Information

Has Laundry
See Remarks

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 5

Lot Information

Lot Features: Corner Lot
Lot Size Source: Assessor

Property Information

Common Walls: 1 Common Wall
Total # of Units: 5
Parcel Number: 5306011050
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: North of Huntington Dr on locke ave and carnigie st

Neighborhood Information

Community Features: Curbs, Sidewalks

View more facts & features

Local Los Angeles Agent

Sale History for 3755 Locke Ave

Last sold for $1,430,000 on September 3rd, 2019

September, 2019
Sep 5, 2019

Date

Sold

CRMLS: TR19005626

$1,430,000

Price
Jul 15, 2019

Date

Pending

CRMLS: TR19005626

$1,468,000

Price
May 17, 2019

Date

Price Change

CRMLS: TR19005626

$1,468,000

Price
May 8, 2019

Date

Price Change

CRMLS: TR19005626

$1,500,000

Price
Apr 5, 2019

Date

Price Change

CRMLS: TR19005626

$1,650,000

Price
Apr 4, 2019

Date

Price Change

CRMLS: TR19005626

$1,750,000

Price
Mar 1, 2019

Date

Price Change

CRMLS: TR19005626

$1,800,000

Price
Jan 8, 2019

Date

Active

CRMLS: TR19005626

$1,880,000

Price
September, 2019
Sep 3, 2019

Date

Sold (Public Records)

Public Records

$1,430,000

Price
November, 2016
Nov 1, 2016

Date

Sold (Public Records)

Public Records

$968,000

Price

Tax History for 3755 Locke Ave

Assessed Value (2020): $1,430,000

Year	Land Value	Improved Value	Assessed Value
2020	$715,000	$715,000	$1,430,000

Home Value Compared to the Market

This property vs the competition

3755 Locke Ave sold on September 3, 2019 for 23.36% 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 $309.97 per/sqft which puts the price per square foot 58.94% lower than the current median sale per square foot for the city of Los Angeles.

About 3755 Locke Ave

Detailed summary of property

3755 Locke Ave is a multi family that recently sold in Los Angeles, CA 90032. This multi family property offered 11 bedrooms, 6 bathrooms, roughly 4,736 living square feet, and sits on an approximately 7,387 square foot lot. 3755 Locke Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,430,000. 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 23.36% higher than the current median priced home. Local homes that are currently for sale include 2705 Darwin Ave, 4914 Mendota Ave and 3213 Huron St. While the average home in Los Angeles, CA is selling in 93 days, 3755 Locke Ave has a days on market of 150 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 3755 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 3755 Locke Ave

Public county record property details

Beds: 11
Baths: 6
Year built: 1991
Sq. Ft.: 4,736
Lot Size: 7,387
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 64
APN: 5306-011-050

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

Median Sale to List Price %

93.75%

Avg Days on Market

Loan Type

Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

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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.