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3951 S Broadway, Los Angeles, CA 90037
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3951 S Broadway Los Angeles, CA 90037

$1,100,000 Sold Price as of 04/29/2022
  • 8 Beds
  • 6 Baths
  • 3,992 Sq.Ft.
Sold
$1,100,000 Sold Price as of 04/29/2022 Refinance Your Mortgage
Map preview of 3951 S Broadway, Los Angeles, CA 90037

Property Overview: 3951 S Broadway Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,992 living square feet and 7,729 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: CALLING ALL BUYERS AND INVESTORS!! LOCATION ,LOCATION,LOCATION. THIS IS A GREAT INVESTMENT OPPORTUNITY! Property consists of 4 UNITS that are centrally located in one of Los Angeles's most sought out areas. This standard sale carries great tenants and strong rents. Two of the four units were remodeled a few years back with $80,000 in owner upgrades. Two of the units contain 3 bedrooms and 2 bathrooms. The other two units are huge 1 bedrooms and one bath and are in good condition. The property sits on a 7000 sq. foot lot, with a permitted kitchen facility room in back of the units. With the LA Coliseum, BANC OF CALIFORNIA SOCCER STADIUM, and USC campus very close by, this location is a gem. The property is LESS THAN 6 MINUTES AWAY from DOWNTOWN LOS ANGELES, and 15 minutes from the New SOFI RAMS STADIUM. There has been a lot of construction and developments in the surrounding area. This property will not last. Make an offer today, and let's get this opportunity into your portfolio. Buyer to satisfy themselves as it pertains to bedroom, bathroom, square feet, lot size, and permits as they pertain to the property as part of their due diligence.

Listed by Julio Midolo | BRE #01470385 | ReMax Sky
Last checked: 2 minutes ago | Last updated: May 3rd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,729
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW22061285
City
Los Angeles
County
Los Angeles
Time on Site
784 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,390
  • Total Rent: $1,390
  • Pro Forma/Market Rent: $1,390
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $865
  • Total Rent: $865
  • Pro Forma/Market Rent: $865
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $75,060
  • Net Operating Income: $69,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,381
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,324
  • Professional Management: $0
  • Water/Sewer: $4,257

Property Details for 3951 S Broadway

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5122045010
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of figueroa north of jefferson blvd
Neighborhood Information
  • Community Features: Biking, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 3951 S Broadway

Last sold for $1,100,000 on April 29th, 2022

  • April, 2022

  • Apr 9, 2022

    Date

    Pending

    CRMLS: DW22061285

    $1,099,000

    Price

  • February, 2016

  • Feb 3, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2014

  • May 9, 2014

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

Show More

Tax History for 3951 S Broadway

Assessed Value (2020): $560,442
Year Land Value Improved Value Assessed Value
2020 $246,595 $313,847 $560,442

Home Value Compared to the Market

This property vs the competition

3951 S Broadway sold on April 29, 2022 for 7.65% 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 $275.3 per/sqft which puts the price per square foot 63.54% lower than the current median sale per square foot for the city of Los Angeles.

About 3951 S Broadway

Detailed summary of property

3951 S Broadway is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 3,992 living square feet, and sits on an approximately 7,729 square foot lot. 3951 S Broadway was first listed on ArdentRealEstateGroup.com on March 29, 2022. The homeowner sold the property for $1,100,000. 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 7.65% lower than the current median priced home. Local homes that are currently for sale include 4473 Mettler St, 3915 Walton Ave and 747 E 33rd St. While the average home in Los Angeles, CA is selling in 93 days, 3951 S Broadway has a days on market of 12 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 3951 S Broadway Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3951 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1910
Sq. Ft.
3,992
Lot Size
7,728
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5122-045-010

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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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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