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3812 W Adams Blvd, Los Angeles, CA 90018
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3812 W Adams Blvd Los Angeles, CA 90018

$1,600,000 Sold Price as of 04/08/2024
  • 6 Beds
  • 8 Baths
  • 5,321 Sq.Ft.
Sold
$1,600,000 Sold Price as of 04/08/2024 Refinance Your Mortgage
Map preview of 3812 W Adams Blvd, Los Angeles, CA 90018

Property Overview: 3812 W Adams Blvd Los Angeles, CA has 6 bedrooms, 8 bathrooms, 5,321 living square feet and 15,343 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an exceptional investment opportunity at 3812 West Adams Boulevard in the thriving West Adams District of Los Angeles, CA. This well-maintained 8-unit apartment building, constructed in 1940, consists of six spacious 1-bedroom/1-bath units and two singles spanning 5,321 square feet, sitting on an expansive 15,338 square foot R3-zoned lot offering the potential for long-term redevelopment. Well-manicured outdoor common areas, ample parking, and 7 covered garages contribute to its tenant attraction. Notably, there is significant rental upside potential, with the opportunity to increase income by almost 50%, and one unit will be delivered vacant. One of the property's standout features is its central location, providing easy access to many of LA's busiest surrounding submarkets. It benefits from excellent transportation connectivity, with major highways and public transportation options, making commuting convenient for residents and appealing to potential tenants.

Listed by Mark Cianciulli | BRE #01990266 | The CREM Group
Last checked: 7 minutes ago | Last updated: April 8th, 2024 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
15,343
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23330029
City
Los Angeles
County
Los Angeles
Time on Site
316 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,990
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $805
  • Total Rent: $805
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $836
  • Total Rent: $836
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $997
  • Total Rent: $997
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $843
  • Total Rent: $843
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.11%
  • Gross Rent Multiplier: 14.2
  • Gross Scheduled Income: --
  • Net Operating Income: $69,816
  • Gross Operating Income: $119,748
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3812 W Adams Blvd

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 5051003002
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: See Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 3812 W Adams Blvd

Last sold for $1,600,000 on April 8th, 2024

  • April, 2024

  • Apr 8, 2024

    Date

    Sold

    CRMLS: 23330029

    $1,600,000

    Price

  • Nov 8, 2023

    Date

    Active

    CRMLS: 23330029

    $1,700,000

    Price

  • November, 2023

  • Nov 7, 2023

    Date

    Canceled

    CRMLS: 23329193

    $1,700,000

    Price

  • Nov 6, 2023

    Date

    Active

    CRMLS: 23329193

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 3812 W Adams Blvd

Assessed Value (2020): $116,742
Year Land Value Improved Value Assessed Value
2020 $63,415 $53,327 $116,742

Home Value Compared to the Market

This property vs the competition

3812 W Adams Blvd sold on April 8, 2024 for 44.64% 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 $304.45 per/sqft which puts the price per square foot 57.95% lower than the current median sale per square foot for the city of Los Angeles.

About 3812 W Adams Blvd

Detailed summary of property

3812 W Adams Blvd is a multi family that recently sold in Los Angeles, CA 90018. This multi family property offered 6 bedrooms, 8 bathrooms, roughly 5,321 living square feet, and sits on an approximately 15,343 square foot lot. 3812 W Adams Blvd was first listed on ArdentRealEstateGroup.com on November 8, 2023. The homeowner sold the property for $1,600,000. 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 44.64% higher than the current median priced home. Local homes that are currently for sale include 3225 W 36th St, 1721 Crenshaw Blvd and 1717 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 3812 W Adams Blvd has a days on market of 83 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3812 W Adams Blvd Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3812 W Adams Blvd

Public county record property details
Beds
8
Baths
4
Year built
1940
Sq. Ft.
5,321
Lot Size
15,325
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5051-003-002

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

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 3812 W Adams Blvd

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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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