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3940 Dobinson St, Los Angeles, CA 90063
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3940 Dobinson St Los Angeles, CA 90063

$540,000 Sold Price as of 02/21/2022
  • 9 Beds
  • 5 Baths
  • 3,154 Sq.Ft.
Sold
$540,000 Sold Price as of 02/21/2022 Refinance Your Mortgage
Map preview of 3940 Dobinson St, Los Angeles, CA 90063

Property Overview: 3940 Dobinson St Los Angeles, CA has 9 bedrooms, 5 bathrooms, 3,154 living square feet and 6,034 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention Investors!!! Come check out these 4 units with amazing potential. Three of the units are 2 bedroom 1 bath each. One unit was recently remodeled. The fourth unit consists of 3 bedrooms and 1.75 baths. Property is in a great location! Near US Medical Center Citadel Shopping Plaza, CSULA & USC. Easy access to the 5/10/60/710 Fwys. The owner is also selling the empty lot next to the units. (Parcel # 5227-016-011) Please refer to MLS #RS21113686. Seller would like to sell them together. Don't miss out on this opportunity!!!

Listed by Adrian Cafuentes | BRE #01801444 | Keller Williams Pacific Estates Cerritos
Last checked: 9 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 118

Home details

Lot Sq. Ft
6,034
HOA Dues
$0/mo
Year built
1917
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
RS21113671
City
Los Angeles
County
Los Angeles
Time on Site
1078 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $979
  • Total Rent: $979
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $977
  • Total Rent: $977
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,490
  • Total Rent: $1,490
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $2,752
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $51,144
  • Net Operating Income: $41,888
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,256
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $6,505
  • Trash: $0
  • Insurance: $1,651
  • Water/Sewer: $1,651

Property Details for 3940 Dobinson St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5227016012
  • Year Built Source: Appraiser
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N Hazard Ave & Dobinson St
Neighborhood Information
  • Community Features: Mountainous
View more facts & features

Local Los Angeles Agent

Sale History for 3940 Dobinson St

Last sold for $540,000 on February 21st, 2022

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: RS23033708

    $829,000

    Price

  • Feb 28, 2023

    Date

    Active

    CRMLS: RS23033708

    $949,000

    Price

  • Listing provided courtesy of CRMLS

    Newly reduced sales price!!! Still taking offers!!! Attention Investors!!! Seller wants it sold!! Yet another price adjustment. Come check out this triplex currently operating as a non conforming quadruplex. Three of the units are 2 bedroom 1 bath each. Two units where recently remodeled and both featuring brand new kitchens. The fourth unit consists of 3 bedrooms and 1.75 baths. Sits atop with great views!! Near US Medical Center Citadel Shopping Plaza, CSULA & USC. Easy access to the 5/10/60/710 Fwys. Don't miss out on this opportunity!!!

  • February, 2022

  • Feb 21, 2022

    Date

    Sold

    CRMLS: RS21113671

    $540,000

    Price

  • Nov 5, 2021

    Date

    Pending

    CRMLS: RS21113671

    $749,000

    Price

  • Sep 9, 2021

    Date

    Active

    CRMLS: RS21113671

    $749,000

    Price

  • Aug 18, 2021

    Date

    Active Under Contract

    CRMLS: RS21113671

    $749,000

    Price

  • Jun 7, 2021

    Date

    Active

    CRMLS: RS21113671

    $749,000

    Price

  • Jun 3, 2021

    Date

    Active Under Contract

    CRMLS: RS21113671

    $749,000

    Price

  • Jun 1, 2021

    Date

    Pending

    CRMLS: RS21113671

    $749,000

    Price

  • May 27, 2021

    Date

    Active

    CRMLS: RS21113671

    $749,000

    Price

  • April, 2021

  • Apr 20, 2021

    Date

    Expired

    CRMLS: PW21000732

    $899,666

    Price

  • Jan 3, 2021

    Date

    Active

    CRMLS: PW21000732

    $899,666

    Price

  • Listing provided courtesy of CRMLS

    Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus, Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at this moment, it has same track number with 2 Parcel Nos. [This existing triplex on 1st lot and the 2nd empty lot may be constructed another duplex (~2400 sqft each]. Buyer to Verify with City again, possible to separate to 2 different address: ask the Owner how. Fireplace: Gas, Heating: Gas, Permitted Triplex has (Unit #1) 2BR + 1BA rent $1490/mo. (recently remodeled). ( Unit # 2) 2BR + 1BA rent $950/mo. )(Unit # 3) 2BR + 1 BA rent $947/mo. (Unit #4) 2BR + 2BA rent $875/mo [without permit]. 1st 2 tenants are living 20+ yrs. and the¬¬ 3rd tenant is 10+ yrs. Total rent is $4262/mo. PRO FORMA CAP RATE IS: 9.3%-10.4%. 12 parking Spaces. Property Sold AS-IS

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: PW20182577

    $899,000

    Price

  • Dec 4, 2020

    Date

    Price Change

    CRMLS: PW20182577

    $899,000

    Price

  • Nov 22, 2020

    Date

    Price Change

    CRMLS: PW20182577

    $870,000

    Price

  • Oct 21, 2020

    Date

    Price Change

    CRMLS: PW20182577

    $905,000

    Price

  • Oct 19, 2020

    Date

    Active

    CRMLS: PW20182577

    $915,000

    Price

  • Oct 19, 2020

    Date

    Withdrawn

    CRMLS: PW20182577

    $915,000

    Price

  • Sep 19, 2020

    Date

    Price Change

    CRMLS: PW20182577

    $915,000

    Price

  • Sep 3, 2020

    Date

    Active

    CRMLS: PW20182577

    $925,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus, Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at this moment, it has same track number with 2 Parcel Nos. [This existing triplex on 1st lot and the 2nd empty lot may be constructed another duplex (~2400 sqft each]. Buyer to Verify with City again, possible to separate to 2 different address: ask the Owner how. Fireplace: Gas, Heating: Gas, Permitted Triplex has (Unit #1) 2BR + 1BA rent $1490/mo. (recently remodeled). ( Unit # 2) 2BR + 1BA rent $950/mo. )(Unit # 3) 2BR + 1 BA rent $947/mo. (Unit #4) 2BR + 2BA rent $875/mo [without permit]. 1st 2 tenants are living 20+ yrs. and the¬¬ 3rd tenant is 10+ yrs. Total rent is $4262/mo. PRO FORMA CAP RATE IS: 9.3%-10.4%. 12 parking Spaces. Property Sold AS-IS.

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: PW19181058

    $879,000

    Price

  • Aug 31, 2019

    Date

    Withdrawn

    CRMLS: PW19181058

    $879,000

    Price

  • Aug 21, 2019

    Date

    Price Change

    CRMLS: PW19181058

    $879,000

    Price

  • Aug 7, 2019

    Date

    Price Change

    CRMLS: PW19181058

    $889,000

    Price

  • Aug 7, 2019

    Date

    Price Change

    CRMLS: PW19181058

    $879,000

    Price

  • Aug 7, 2019

    Date

    Price Change

    CRMLS: PW19181058

    $829,000

    Price

  • Jul 30, 2019

    Date

    Active

    CRMLS: PW19181058

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    Reduce 20k. Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($1600-$1800/mo. X 4=$6400-$7200/mo.) instead of (~3670/mo.); even higher around Cal State LA . H. Great location!!! Close to Downtown LA , Cal State LA , LA + USC Medical Center, USC Health Sciences Campus, Citadel Shopping Mall Plaza. A dded smoke detectors/Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property!!! in this market has same track number with 2 separate lots [this existing triplex on 1 lot and another empty lot which can construct another duplex (~2400 sqft each)]. BUYER TO VERIFY WITH CITY A GA IN. There is a way to separate to 2 different address; ask the owner how. Fireplace: Gas, Heating: Gas. Permited triplex has (Unit #1) 2BR + 1BA (rent:$980/mo.), (Unit #2) 2BR + 1BA (rent:$920/mo.), (Unit #3) 2BR + 1BA (rent:$920/mo.) and (Unit #4) 2BR + 2BA (rent:$850/mo.) [without permit]. 3 tenants are living 20+ years, the other one is 10+ years. Total rent: $3670/mo. PRO FORMA CA PE RA TE IS 9.6%. Property Sold A S_IS. EXCLUSIONS: INCLUSIONS

  • May, 2019

  • May 17, 2019

    Date

    Expired

    CRMLS: PW19012512

    $799,000

    Price

  • Jan 17, 2019

    Date

    Active

    CRMLS: PW19012512

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($1600-$1800/mo. X 4=$6400-$7200/mo.) instead of (~3670/mo.); even higher around Cal State LA . H. Great location!!! Close to Downtown LA , Cal State LA , LA + USC Medical Center, USC Health Sciences Campus, Citadel Shopping Mall Plaza. A dded smoke detectors/Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property!!! in this market has same track number with 2 separate lots [this existing triplex on 1 lot and another empty lot which can construct another duplex (~2400 sqft each)]. BUYER TO VERIFY WITH CITY A GA IN. There is a way to separate to 2 different address; ask the owner how. Fireplace: Gas, Heating: Gas. Permited triplex has (Unit #1) 2BR + 1BA (rent:$980/mo.), (Unit #2) 2BR + 1BA (rent:$920/mo.), (Unit #3) 2BR + 1BA (rent:$920/mo.) and (Unit #4) 2BR + 2BA (rent:$850/mo.) [without permit]. 3 tenants are living 20+ years, the other one is 10+ years. Total rent: $3670/mo. PRO FORMA CA PE RA TE IS 9.6%. Property Sold A S_IS. EXCLUSIONS: INCLUSIONS

  • April, 2014

  • Apr 29, 2014

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

  • December, 2011

  • Dec 20, 2011

    Date

    Sold (Public Records)

    Public Records

    $320,000

    Price

  • May, 2003

  • May 6, 2003

    Date

    Sold

    CRMLS: M212918

    $310,000

    Price

  • Dec 17, 2002

    Date

    Active

    CRMLS: M212918

    --

    Price

  • Listing provided courtesy of CRMLS

    3UNITS PLUS 1-1BEDROOM APT. AND A SINGLE. SHOW BY APPOINTMENT ONLY.COMMISSION TO S.A.2.5% PRICE INCLUDES ADJCENT LOT OF 6,040 MAY ABLE TO BUILD ANOTHER HOME/UNITS TOTAL RENTS 2,992.00 @ THIS PRICE N.R.C.C.

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Tax History for 3940 Dobinson St

Assessed Value (2020): $437,144
Year Land Value Improved Value Assessed Value
2020 $269,012 $168,132 $437,144

Home Value Compared to the Market

This property vs the competition

3940 Dobinson St sold on February 21, 2022 for 37.06% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $237.48 per/sqft which puts the price per square foot 68.55% lower than the current median sale per square foot for the city of Los Angeles.

About 3940 Dobinson St

Detailed summary of property

3940 Dobinson St is a multi family that recently sold in Los Angeles, CA 90063. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 3,154 living square feet, and sits on an approximately 6,034 square foot lot. 3940 Dobinson St was first listed on ArdentRealEstateGroup.com on May 27, 2021. The homeowner sold the property for $540,000. 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 37.06% lower than the current median priced home. Local homes that are currently for sale include 700 W 53rd St, 440 W Gage Ave and 444 W Gage Ave. While the average home in Los Angeles, CA is selling in 93 days, 3940 Dobinson St has a days on market of 118 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3940 Dobinson St Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3940 Dobinson St

Public county record property details
Beds
7
Baths
3
Year built
1917
Sq. Ft.
3,154
Lot Size
6,033
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
605
APN
5227-016-012

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
29
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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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