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3862 N Broadway, Los Angeles, CA 90031
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3862 N Broadway Los Angeles, CA 90031

$669,900
  • 4 Beds
  • 3 Baths
  • 1,764 Sq.Ft.
For Sale
$669,900 Get Pre-Qualified
Map preview of 3862 N Broadway, Los Angeles, CA 90031

Property Overview: 3862 N Broadway Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,764 living square feet and 5,994 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: SOLD AS-IS. NO VACANCIES. This 3-unit multi-family property is a value-add opportunity in the heart of Los Angeles. Featuring one 2-bedroom, 1-bath detached unit and two 1-bedroom, 1-bath attached units. Units are all rented/occupied by long-term tenants (10+ years) on month-to-month terms. There may be opportunities for expansion through the addition of ADUs or adding square footage to existing units. Buyer to further investigate with the City of LA. There is a 2-car garage and common area that may allow space for this. Great opportunity to purchase an income-producing fixer that is centrally located with short distances to Downtown Los Angeles, Dodger Stadium, Pasadena, and Glendale to name a few. Property will be sold with tenants. Offering memorandum available upon request. DO NOT DISTURB OCCUPANTS. CALL FOR FURTHER INSTRUCTIONS or DETAILS.

Listed by Aldo Baltodano | BRE #01879659 | Greenpoint Real Estate Services
Co-listed by Tracy Ly | BRE #02076053 | Greenpoint Real Estate Services
Last checked: 1 minute ago | Last updated: April 27th, 2024 | Source CRMLS | DOM: 0
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Home details

Lot Sq. Ft
5,994
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Triplex
Status
Active
MLS#
DW24084033
City
Los Angeles
County
Los Angeles
Time on Site
5 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $920
  • Total Rent: $920
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,257
  • Total Rent: $1,257
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $35,124
  • Net Operating Income: $32,284
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,840
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $240
  • Insurance: $1,400
  • Water/Sewer: $1,200

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Property Details for 3862 N Broadway

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
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: 2
  • # of Parking Spaces: 2
  • Parking Features: Garage, Street
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Hills
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5211018007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Fixer, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On N Broadway just west of N Mission Rd
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3862 N Broadway

Last sold for $404,000 on April 28th, 2005

  • April, 2024

  • Apr 27, 2024

    Date

    Expired

    CRMLS: DW23227896

    $670,000

    Price

  • Dec 26, 2023

    Date

    Active

    CRMLS: DW23227896

    $799,900

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION. SOLD AS-IS. NO VACANCIES. This 3-unit multi-family property is a value-add opportunity in the heart of Los Angeles. Featuring one 2-bedroom, 1-bath detached unit and two 1-bedroom, 1-bath attached units. Units are all rented/occupied by long-term tenants (10+ years) on month-to-month terms. There may be opportunities for expansion through the addition of ADUs or adding square footage to existing units. Buyer to further investigate with the City of LA. There is a 2-car garage and common area that may allow space for this. Great opportunity to purchase an income-producing fixer that is centrally located with short distances to Downtown Los Angeles, Dodger Stadium, Pasadena, and Glendale to name a few. Property will be sold with tenants. Offering memorandum available upon request. DO NOT DISTURB OCCUPANTS. CALL FOR FURTHER INSTRUCTIONS or DETAILS.

  • April, 2024

  • Apr 27, 2024

    Date

    Active

    CRMLS: DW24084033

    $669,900

    Price

  • April, 2022

  • Apr 25, 2022

    Date

    Price Change

    CRMLS: AR22060109

    $899,000

    Price

  • Apr 18, 2022

    Date

    Active

    CRMLS: AR22060109

    $949,000

    Price

  • Apr 13, 2022

    Date

    Active Under Contract

    CRMLS: AR22060109

    $949,000

    Price

  • Mar 25, 2022

    Date

    Price Change

    CRMLS: AR22060109

    $949,000

    Price

  • Listing provided courtesy of CRMLS

    Hard to find Triplex multi-family property in Lincoln Heights is for sale.

  • April, 2005

  • Apr 28, 2005

    Date

    Sold (Public Records)

    Public Records

    $404,000

    Price

  • February, 2001

  • Feb 28, 2001

    Date

    Sold (Public Records)

    Public Records

    $150,500

    Price

Show More

Tax History for 3862 N Broadway

Assessed Value (2020): $514,909
Year Land Value Improved Value Assessed Value
2020 $407,854 $107,055 $514,909

Home Value Compared to the Market

This property vs the competition

3862 N Broadway is listed 46.37% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $379.76 per/sqft which puts the price per square foot 50.81% lower than the median price per square foot for the city of Los Angeles.

About 3862 N Broadway

Detailed summary of property

3862 N Broadway is a triplex located in Los Angeles, CA 90031 and is currently for sale. This triplex offers 4 bedrooms, 3 bathrooms, roughly 1,764 living square feet, and sits on an approximately 5,994 square foot lot. 3862 N Broadway was first listed on ArdentRealEstateGroup.com on April 27, 2024. The homeowner is currently asking $669,900. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 46.37% lower than the median priced home. Local competing homes currently for sale include 1086 N Bonnie Beach Pl, 3920-3922 E Hammel St and 130 S Clarence St. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3862 N Broadway Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3862 N Broadway

Public county record property details
Beds
4
Baths
3
Year built
1922
Sq. Ft.
1,764
Lot Size
5,993
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
95,96
APN
5211-018-007

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$828,000
Median List Price/Sq.Ft.
$573
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$762
Total Inventory
36
Median Sale to List Price %
105.67%
Avg Days on Market
34
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (0%)

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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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