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3800 S Grand Ave, Los Angeles, CA 90037
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3800 S Grand Ave Los Angeles, CA 90037

$2,406,025 Sold Price as of 12/08/2022
  • 2 Beds
  • 8 Baths
  • 12,732 Sq.Ft.
Sold
$2,406,025 Sold Price as of 12/08/2022 Refinance Your Mortgage
Map preview of 3800 S Grand Ave, Los Angeles, CA 90037

Property Overview: 3800 S Grand Ave Los Angeles, CA has 2 bedrooms, 8 bathrooms, 12,732 living square feet and 7,260 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3800 S Grand Avenue, Los Angeles is 15-unit mixed use asset consisting of (8) residential units and (7) retail suites only a couple blocks from USC, Los Angeles Coliseum, Banc of California Stadium, and the Natural History Museum. The retail units are located on the lower level and are primarily used as art studios/galleries with trendy exposed brick and custom-built steel doors. The residential units are located on the upper level with a unit mix consisting of (2) large 1-bed/1-bath units and (6) studios. Zoned LACM, this property is located in a Qualified Opportunity Zone with significant tax benefits and value-add potential. The building is currently operating at an approximate 6% CAP rate and is ideal for a yield-focused investor seeking growth, stability, and a hedge against inflation in the gentrifying South LA/Downtown market.

Listed by Larson Harley | BRE #02045736 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 12 minutes ago | Last updated: December 8th, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
7,260
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
SB22224524
City
Los Angeles
County
Los Angeles
Time on Site
711 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
  • # of Leased Units: 13
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,500
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $900
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,200
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,050
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,000
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,200
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $980
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,000
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $409
  • Total Rent: --
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $750
  • Total Rent: --
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $485
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.96%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $227,688
  • Net Operating Income: $148,944
  • Gross Operating Income: --
  • Vacancy Allowance: $11,384
Annual Expense Breakdown
  • Total Operating Expense: $67,359

Property Details for 3800 S Grand Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 15
  • Parcel Number: 5122027002
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On the corner of W 38th St and S Grand Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 3800 S Grand Ave

Last sold for $2,406,025 on December 8th, 2022

  • December, 2022

  • Dec 8, 2022

    Date

    Sold

    CRMLS: SB22224018

    $2,406,025

    Price

  • Oct 17, 2022

    Date

    Active

    CRMLS: SB22224018

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    3800 S Grand Avenue, Los Angeles is a 15-unit mixed use asset consisting of (8) residential units and (7) retail suites only a couple blocks from USC, Los Angeles Coliseum, Banc of California Stadium, and the Natural History Museum. The retail units are located on the lower level and are primarily used as art studios/galleries with trendy exposed brick and custom-built steel doors. The residential units are located on the upper level with a unit mix consisting of (2) large 1-bed/1-bath units and (6) studios. Zoned LACM, this property is located in a Qualified Opportunity Zone with significant tax benefits and value-add potential. The building is currently operating at an approximate 6% CAP rate and is ideal for a yield-focused investor seeking growth, stability, and a hedge against inflation in the gentrifying South LA/Downtown market.

  • December, 2022

  • Dec 8, 2022

    Date

    Sold

    CRMLS: SB22224524

    $2,406,025

    Price

  • Oct 18, 2022

    Date

    Active

    CRMLS: SB22224524

    $2,500,000

    Price

  • June, 2022

  • Jun 2, 2022

    Date

    Expired

    CRMLS: SR22013018

    $3,250,000

    Price

  • Feb 1, 2022

    Date

    Active

    CRMLS: SR22013018

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 3800 S Grand Ave! This mix use property consists of fifteen units, seven commercial units on the ground floor and eight residential units on the second floor. The property is surrounded by stadiums, museums, USC, The Arts District and DTLA. Great opportunity for an investor to add value and take advantage of the short term leases.

  • July, 2019

  • Jul 17, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2007

  • Oct 4, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3800 S Grand Ave

Assessed Value (2020): $2,037,518
Year Land Value Improved Value Assessed Value
2020 $594,276 $1,443,242 $2,037,518

Home Value Compared to the Market

This property vs the competition

3800 S Grand Ave sold on December 8, 2022 for 123.21% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $196.36 per/sqft which puts the price per square foot 72.88% lower than the current median sale per square foot for the city of Los Angeles.

About 3800 S Grand Ave

Detailed summary of property

3800 S Grand Ave is a mixed use that recently sold in Los Angeles, CA 90037. This mixed use property offered 2 bedrooms, 8 bathrooms, roughly 12,732 living square feet, and sits on an approximately 7,260 square foot lot. 3800 S Grand Ave was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner sold the property for $2,406,025. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 123.21% higher than the current median priced home. Local homes that are currently for sale include 1035 N Alvarado St, 1605 E 1st St and 2107 W Manchester Ave. While the average home in Los Angeles, CA is selling in 106 days, 3800 S Grand Ave has a days on market of 15 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 3800 S Grand Ave Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3800 S Grand Ave

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
12,732
Lot Size
7,259
Stories
2
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5122-027-002

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
35
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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