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3978 La Salle Ave, Los Angeles, CA 90062
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3978 La Salle Ave Los Angeles, CA 90062

$1,408,000 Sold Price as of 07/02/2019
  • 29 Beds
  • 36 Baths
  • 4,780 Sq.Ft.
Sold
$1,408,000 Sold Price as of 07/02/2019 Refinance Your Mortgage
Map preview of 3978 La Salle Ave, Los Angeles, CA 90062

Property Overview: 3978 La Salle Ave Los Angeles, CA has 29 bedrooms, 36 bathrooms, 4,780 living square feet and 6,445 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3978 La Salle Ave, an 8-unit asset located in Los Angeles near the University of Southern California (USC), University Village, the New Coliseum and the Star Wars museum. The building is well maintained but is perfectly suited for a comprehensive renovation that would allow investors the ability to achieve a 40% increase in cash flow. Built in 1928, 3978 La Salle Ave is composed of Two (2) two-story buildings. Situated on a 6,444-square foot lot, the property features eight (8) residential units including six (6) one-bedroom/one-bathroom units, and two (2) single/one-bathroom units.Located between USC and Downtown Los Angeles, this area is best known as a young and hip scene that provides housing for university students. The property is less than 2 miles to USC and the Exposition Park Metro Station. The property's position makes for an easy drive or metro ride to Downtown Los Angeles, pr

Listed by Sasha Rahban | BRE #01849286 | Sasha David Rahban
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,445
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19465030
City
Los Angeles
County
Los Angeles
Time on Site
1222 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $998
  • Total Rent: $998
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,196
  • Total Rent: $1,196
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,196
  • Total Rent: $1,196
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,026
  • Total Rent: $1,026
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,052
  • Total Rent: $1,052
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $948
  • Total Rent: $948
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 8
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $995
  • Total Rent: $995
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 13.99
  • Gross Scheduled Income: --
  • Net Operating Income: $75,275
  • Gross Operating Income: $107,540
  • Improvements Total: $357,000
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 3978 La Salle Ave

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Features: Sprinklers None
Property Information
  • Total # of Units: 8
  • Parcel Number: 5036029023
Homeowners Association, Utilities, Taxes / Assessments
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: N of W. Martin Luther King, E of Western
View more facts & features

Local Los Angeles Agent

Sale History for 3978 La Salle Ave

Last sold for $1,408,000 on July 2nd, 2019

  • July, 2019

  • Jul 3, 2019

    Date

    Sold

    CRMLS: 19465030

    $1,408,000

    Price

  • May 10, 2019

    Date

    Active

    CRMLS: 19465030

    $1,505,000

    Price

  • July, 2019

  • Jul 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,408,000

    Price

  • April, 2016

  • Apr 26, 2016

    Date

    Sold (Public Records)

    Public Records

    $875,000

    Price

Show More

Tax History for 3978 La Salle Ave

Assessed Value (2020): $1,408,670
Year Land Value Improved Value Assessed Value
2020 $1,008,000 $400,670 $1,408,670

Home Value Compared to the Market

This property vs the competition

3978 La Salle Ave sold on July 2, 2019 for 26.47% higher 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 $314.85 per/sqft which puts the price per square foot 58.3% lower than the current median sale per square foot for the city of Los Angeles.

About 3978 La Salle Ave

Detailed summary of property

3978 La Salle Ave is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 29 bedrooms, 36 bathrooms, roughly 4,780 living square feet, and sits on an approximately 6,445 square foot lot. 3978 La Salle Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,408,000. 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 26.47% higher than the current median priced home. Local homes that are currently for sale include 1270 W 35th Pl, 1261 W 35th Pl and 2219 Obama Blvd. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3978 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 3978 La Salle Ave

Public county record property details
Beds
6
Baths
8
Year built
1928
Sq. Ft.
4,780
Lot Size
6,444
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
5036-029-023

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
$859,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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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