Search
3935 La Salle Ave, Los Angeles, CA 90062
View Photos

3935 La Salle Ave Los Angeles, CA 90062

$1,000,000 Sold Price as of 02/11/2020
  • 9 Beds
  • 5 Baths
  • 3,743 Sq.Ft.
Sold
$1,000,000 Sold Price as of 02/11/2020 Refinance Your Mortgage
Map preview of 3935 La Salle Ave, Los Angeles, CA 90062

Property Overview: 3935 La Salle Ave Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,743 living square feet and 5,208 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Huge price reduction so bring your investor/1031 buyers ASAP for this value-add Jeff Park 4Plex at 3935 La Salle Avenue, LA 90062. Now priced at only $999K & a 5.90% current CAP & $267/SF now. The property features a vacant & recently renovated 4+2 unit with a market rent of $3,000/mth (already have lease prospects); two 2+1 units rented for $1,700 & $1,240/mth, and a 1+1 unit rented for $900/mth for a current gross income of $6,840/mth; $82,080/yr. The units are all good sized with 3,743 total rentable SF. At the $999,000 reduced price, the property is priced very competitively at: $249,750/unit; a 12.17 current GRM; a 9.91 market GRM; a 5.90% current CAP; a 7.72% market CAP; and $267/SF. The property also shows as 5 units total on title so there might be the ability to convert the 4 Bedroom unit back into 2 units to add further value & additional income (Buyer to verify with the City). Fantastic location near Jefferson Park/West Adams; Leimert Park; USC/Expo Park & Downtown LA, and very centrally located with easy access to all parts of LA. This 90062 area is a rapidly appreciating South LA submarket, and the property is also only a 0.6M 10-minute walk to the Western/Expo metro train station for direct access from Santa Monica to DTLA & car-less commuting. Let's make a deal before holidays & year-end!

Listed by Matthew Dunfrund | BRE #01785161 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 101

Home details

Lot Sq. Ft
5,208
HOA Dues
$0/mo
Year built
1928
Garage
3 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SB19226927
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,240
  • Total Rent: $1,240
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.9%
  • Gross Rent Multiplier: 12.17
  • Gross Scheduled Income: $82,080
  • Net Operating Income: $58,958
  • Gross Operating Income: $79,618
  • Vacancy Allowance: $2,462
Annual Expense Breakdown
  • Total Operating Expense: $20,660
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,488
  • Trash: $2,000
  • Insurance: $1,310
  • Water/Sewer: $3,200

Property Details for 3935 La Salle Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5036024028
  • Year Built Source: Assessor
  • Property is Attached
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: Property is well located just east of Western & directly south of Expo Blvd
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3935 La Salle Ave

Last sold for $1,000,000 on February 11th, 2020

  • February, 2020

  • Feb 12, 2020

    Date

    Sold

    CRMLS: SB19226927

    $1,000,000

    Price

  • Jan 2, 2020

    Date

    Active Under Contract

    CRMLS: SB19226927

    $999,000

    Price

  • Dec 16, 2019

    Date

    Price Change

    CRMLS: SB19226927

    $999,000

    Price

  • Dec 16, 2019

    Date

    Active

    CRMLS: SB19226927

    $1,050,000

    Price

  • Nov 27, 2019

    Date

    Active Under Contract

    CRMLS: SB19226927

    $1,050,000

    Price

  • Nov 19, 2019

    Date

    Price Change

    CRMLS: SB19226927

    $1,050,000

    Price

  • Nov 12, 2019

    Date

    Price Change

    CRMLS: SB19226927

    $1,099,000

    Price

  • Oct 28, 2019

    Date

    Price Change

    CRMLS: SB19226927

    $1,125,000

    Price

  • Oct 21, 2019

    Date

    Price Change

    CRMLS: SB19226927

    $1,140,000

    Price

  • Oct 15, 2019

    Date

    Price Change

    CRMLS: SB19226927

    $1,145,000

    Price

  • Sep 24, 2019

    Date

    Active

    CRMLS: SB19226927

    $1,150,000

    Price

  • February, 2020

  • Feb 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • February, 2019

  • Feb 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $231,000

    Price

Show More

Tax History for 3935 La Salle Ave

Assessed Value (2020): $918,000
Year Land Value Improved Value Assessed Value
2020 $612,000 $306,000 $918,000

Home Value Compared to the Market

This property vs the competition

3935 La Salle Ave sold on February 11, 2020 for 10.8% lower 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 $266.9 per/sqft which puts the price per square foot 63.14% lower than the current median sale per square foot for the city of Los Angeles.

About 3935 La Salle Ave

Detailed summary of property

3935 La Salle Ave is a mixed use that recently sold in Los Angeles, CA 90062. This mixed use property offered 9 bedrooms, 5 bathrooms, roughly 3,743 living square feet, and sits on an approximately 5,208 square foot lot. 3935 La Salle Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,000,000. 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 10.8% lower than the current median priced home. Local homes that are currently for sale include 3300 E 8th St, 10375 Wilshire Blvd #7D and 1613 E 7th St. While the average home in Los Angeles, CA is selling in 106 days, 3935 La Salle Ave has a days on market of 101 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 3935 La Salle Ave Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3935 La Salle Ave

Public county record property details
Beds
9
Baths
6
Year built
1928
Sq. Ft.
3,743
Lot Size
5,208
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
81
APN
5036-024-028

The source for these homes facts are from public records.

90062 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.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 3935 La Salle Ave

Nearby Homes for Sale

3110 S Normandie, Los Angeles, CA 90007
$1,195,000
6 Beds
6 Baths
3584 Sq.Ft.
3110 S Normandie
Los Angeles, CA 90007
2506 S Budlong Ave, Los Angeles, CA 90007
$1,150,000
8 Beds
5 Baths
4460 Sq.Ft.
2506 S Budlong Ave
Los Angeles, CA 90007
2813 W Florence Ave, Los Angeles, CA 90043
$989,900
2 Beds
3 Baths
1940 Sq.Ft.
2813 W Florence Ave
Los Angeles, CA 90043
7307 Figueroa, Los Angeles, CA 90003
$995,000
50 Beds
0 Baths
4221 Sq.Ft.
7307 Figueroa
Los Angeles, CA 90003
2323 Redondo Blvd #2, Los Angeles, CA 90016
$1,000,000
5 Beds
3 Baths
954 Sq.Ft.
2323 Redondo Blvd #2
Los Angeles, CA 90016
9222 S San Pedro St, Los Angeles, CA 90003
$949,800
12 Beds
6 Baths
3520 Sq.Ft.
9222 S San Pedro St
Los Angeles, CA 90003
717 N Highland Ave #26, Los Angeles, CA 90038
$1,195,000
2 Beds
2 Baths
2000 Sq.Ft.
717 N Highland Ave #26
Los Angeles, CA 90038
10616 Avalon Blvd, Los Angeles, CA 90003
$950,000
1 Beds
2 Baths
2395 Sq.Ft.
10616 Avalon Blvd
Los Angeles, CA 90003
1645 Vine St #905, Los Angeles, CA 90028
$838,000
1 Beds
1 Baths
1000 Sq.Ft.
1645 Vine St #905
Los Angeles, CA 90028
2007 Pennsylvania Ave, Los Angeles, CA 90033
$1,200,000
6 Beds
6 Baths
3184 Sq.Ft.
2007 Pennsylvania Ave
Los Angeles, CA 90033
2015 Pennsylvania Ave, Los Angeles, CA 90033
$1,200,000
11 Beds
7 Baths
4522 Sq.Ft.
2015 Pennsylvania Ave
Los Angeles, CA 90033
2016 Pennsylvania Ave, Los Angeles, CA 90033
$1,100,000
10 Beds
5 Baths
6022 Sq.Ft.
2016 Pennsylvania Ave
Los Angeles, CA 90033

Recently Sold Homes Near 3935 La Salle Ave

1415 W 35th Pl, Los Angeles, CA 90018
$1,250,000 Last Sold Price
5 Beds
3 Baths
2406 Sq.Ft.
1415 W 35th Pl
Los Angeles, CA 90018
1408 W Jefferson Blvd, Los Angeles, CA 90007
$1,500,000 Last Sold Price
3 Beds
2 Baths
1561 Sq.Ft.
1408 W Jefferson Blvd
Los Angeles, CA 90007
1317 W Jefferson Blvd, Los Angeles, CA 90007
$1,225,000 Last Sold Price
3 Beds
2 Baths
1963 Sq.Ft.
1317 W Jefferson Blvd
Los Angeles, CA 90007
1034 W 52nd St, Los Angeles, CA 90037
$975,000 Last Sold Price
4 Beds
4 Baths
3802 Sq.Ft.
1034 W 52nd St
Los Angeles, CA 90037

Related Resources to 3935 La Salle Ave

New Listings in 90062
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote