3962 Brighton Ave, Los Angeles, CA 90062
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3962 Brighton Ave Los Angeles, CA 90062

$800,000 Sold Price as of 12/13/2023
  • 7 Beds
  • 4 Baths
  • 2,998 Sq.Ft.
Sold
$800,000 Sold Price as of 12/13/2023 Refinance Your Mortgage

Map preview of 3962 Brighton Ave, Los Angeles, CA 90062

Property Overview: 3962 Brighton Ave Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,998 living square feet and 4,806 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well maintained 4 plex in West Adams District. Long term owner , property has excellent unit mix. Front house is a large 1 bedroom / 1 bath. Rear units are all 2- two bedroom / 1 bath. Rents are significantly below market on two of the units. Property features pitched roofs, ample on site parking and individual electric and gas meters . Property is conveniently located near transportation, shopping, downtown and USC. Seller will carry financing with below market interest rate with 20% down payment.

Listed by Michael Cirrito | BRE #00974116 | Home Free Realty
Last checked: 8 minutes ago | Last updated: December 13th, 2023 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
4,806
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
CV23180215
City
Los Angeles
County
Los Angeles
Time on Site
358 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # 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: $400
  • Total Rent: $400
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $180
  • Total Rent: $180
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,563
  • Net Operating Income: $14,444
  • Gross Operating Income: $39,346
  • Vacancy Allowance: $1,217
Annual Expense Breakdown
  • Total Operating Expense: $24,902
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $427
  • New Taxes: $11,875
  • Trash: $1,800
  • Gardener: $1,800
  • Insurance: $3,000
  • Maintenance: $5,000
  • Water/Sewer: $1,000

Property Details for 3962 Brighton Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • Family Room, Kitchen
Kitchen Information
  • Has Appliances
  • Gas Range, Water Heater
Interior Features
  • Window Features: Blinds
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lawn, Level with Street, Utilities - Overhead, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5036016019
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 2
  • Foundation Details: Concrete Perimeter
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: East of Western / North of Martin Luther King Jr Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

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Sale History for 3962 Brighton Ave

Last sold for $800,000 on December 13th, 2023
  • December, 2023

  • Dec 13, 2023

    Date

    Sold

    CRMLS: CV23180215

    $800,000

    Price

  • Sep 26, 2023

    Date

    Active

    CRMLS: CV23180215

    $950,000

    Price

Tax History for 3962 Brighton Ave

Assessed Value (2020): $50,492
Year Land Value Improved Value Assessed Value
2020 $22,386 $28,106 $50,492

Home Value Compared to the Market

This property vs the competition

3962 Brighton Ave sold on December 13, 2023 for 15.18% 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 $316.88 per/sqft which puts the price per square foot 56.23% lower than the current median sale per square foot for the city of Los Angeles.

About 3962 Brighton Ave

Detailed summary of property

3962 Brighton Ave is a fourplex that recently sold in Los Angeles, CA 90062. This fourplex offered 7 bedrooms, 4 bathrooms, roughly 2,998 living square feet, and sits on an approximately 4,806 square foot lot. 3962 Brighton Ave was first listed on ArdentRealEstateGroup.com on September 27, 2023. The homeowner sold the property for $800,000. 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 15.18% lower than the current median priced home. Local homes that are currently for sale include 965 W 47Th St, 1996 W Jefferson Blvd and 1732 W 51st St. While the average home in Los Angeles, CA is selling in 106 days, 3962 Brighton Ave has a days on market of 70 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 3962 Brighton 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 3962 Brighton Ave

Public county record property details
Beds
9
Baths
4
Year built
1922
Sq. Ft.
2,998
Lot Size
4,764
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,12
APN
5036-016-019

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%)

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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.