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3822 Lockland Dr, Los Angeles, CA 90008
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3822 Lockland Dr Los Angeles, CA 90008

$900,000 Sold Price as of 10/15/2020
  • 162 Beds
  • 120 Baths
  • -- Sq.Ft.
Sold
$900,000 Sold Price as of 10/15/2020 Refinance Your Mortgage
Map preview of 3822 Lockland Dr, Los Angeles, CA 90008

Property Overview: 3822 Lockland Dr Los Angeles, CA has 162 bedrooms, 120 bathrooms, -- living square feet and 6,824 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: NEW DEVELOPMENT OR REHAB - YOU DECIDE. Family-owned for over 30-years. This 5-unit building situated on a corner lot, adjacent to an alley, is located in prime Baldwin Hills. Featuring a desirable mix of one and two-bedroom units. Four units are occupied. The Owners unit (2 BD, 1.5 BA) will be delivered vacant and has suffered fire damage that originated in the full bathroom. The property falls within the City of Los Angeles' mandatory soft story retrofit order. Don't miss this rare, value-add opportunity, moments from the Baldwin Hills Crenshaw Plaza, and the future Metro Crenshaw/LAX Line. Drive-by only. Do not disturb tenants. Interior showings subject to an accepted offer. Offers due, Monday, 9/21 by 5:00 pm. Trust will review all offers, Tuesday, 9/22.

Listed by Christine Taylor | BRE #00988441 | Compass
Co-listed by Bryan Ozamoto | BRE #01954930 | Compass
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,824
HOA Dues
$0/mo
Year built
1950
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
20633426
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 22
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 24
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $735
  • Total Rent: $735
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 4
  • # of Units: 26
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $730
  • Total Rent: $730
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 28
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $728
  • Total Rent: $728
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.3
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $59,916
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3822 Lockland Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Space Heater
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Interior Features
  • Levels: Two
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 Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Covered
Property Information
  • No View
  • View: None
  • Total # of Units: 5
  • Parcel Number: 5032020008
  • Architectural Style: Contemporary
  • Accessibility Features: None
  • Property Condition: Fixer
Location / Neighborhood
Location Information
  • Directions: Use Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 3822 Lockland Dr

Last sold for $900,000 on October 15th, 2020

  • October, 2020

  • Oct 16, 2020

    Date

    Sold

    CRMLS: 20633426

    $900,000

    Price

  • Sep 26, 2020

    Date

    Pending

    CRMLS: 20633426

    $799,500

    Price

  • Sep 24, 2020

    Date

    Hold

    CRMLS: 20633426

    $799,500

    Price

  • Sep 18, 2020

    Date

    Active

    CRMLS: 20633426

    $799,500

    Price

  • October, 2020

  • Oct 15, 2020

    Date

    Sold (Public Records)

    Public Records

    $900,000

    Price

Show More

Tax History for 3822 Lockland Dr

Assessed Value (2020): $299,858
Year Land Value Improved Value Assessed Value
2020 $95,272 $204,586 $299,858

Home Value Compared to the Market

This property vs the competition

3822 Lockland Dr sold on October 15, 2020 for 32.82% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 3822 Lockland Dr

Detailed summary of property

3822 Lockland Dr is a multi family that recently sold in Los Angeles, CA 90008. This multi family property offered 162 bedrooms, 120 bathrooms, roughly -- living square feet, and sits on an approximately 6,824 square foot lot. 3822 Lockland Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $900,000. 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 32.82% lower than the current median priced home. Local homes that are currently for sale include 2701 S Cloverdale Ave, 5170 S Van Ness Ave and 1823 W Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 92 days, 3822 Lockland Dr has a days on market of 6 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3822 Lockland Dr Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3822 Lockland Dr

Public county record property details
Beds
7
Baths
5
Year built
1950
Sq. Ft.
4,601
Lot Size
6,823
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5032-020-008

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,489,000
Median List Price/Sq.Ft.
$730
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$662
Total Inventory
51
Median Sale to List Price %
91.79%
Avg Days on Market
62
Loan Type
Conventional (30.77%), FHA (0%), VA (0%), Cash (30.77%), Other (15.38%)

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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