3991 Denker Ave Los Angeles, CA 90062

$1,300,000 Sold Price as of 03/05/2019

8 Beds
8 Baths
6,264 Sq.Ft.

Off Market

$1,300,000 Sold Price as of 03/05/2019 Refinance Your Mortgage

Map preview of 3991 Denker Ave, Los Angeles, CA 90062

Property Overview: 3991 Denker Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 6,264 living square feet and 9,445 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3991 Denker Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $247,000 for the down payment and will need roughly $24,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 3991 Denker Ave

Last sold for $1,300,000 on March 5th, 2019

August, 2022
Aug 23, 2022

Date

Expired

CRMLS: PW22034151

$2,750,000

Price
Feb 21, 2022

Date

Active

CRMLS: PW22034151

$2,750,000

Price
Listing provided courtesy of CRMLS

-Eight 2/1 Units -Fully Renovated -Stabilized asset with a 4.23% Cap Rate -Close Proximity to USC and Exposition Park -Walking Distance to Metro Expo Line -Potential to build 2 ADU's -Located in an Opportunity Zone

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July, 2019
Jul 26, 2019

Date

Expired

CRMLS: PW19068018

$1,900,000

Price
Apr 27, 2019

Date

Withdrawn

CRMLS: PW19068018

$1,900,000

Price
Apr 2, 2019

Date

Active

CRMLS: PW19068018

$1,900,000

Price
Listing provided courtesy of CRMLS

We are pleased to present an incredible value-add multi-family opportunity located at 3991 Denker Avenue in Los Angeles, CA 90062. Due to cash for keys agreements that current ownership has negotiated with all eight units, this asset is fully vacant presenting value-add minded investors an incredible and rare opportunity to work with a blank slate property without the headaches, costs, and risks associated with vacating the current tenants. Located in one of the most rapidly gentrifying areas of Los Angeles sandwiched between trendy Leimert Park to the West and USC/Expo Park to the East, 3991 Denker Avenue is well positioned to appreciate rapidly in the coming years. The building itself consists of eight units of similar layouts, all one bedroom/one bathroom with a large den that functions as a second bedroom. At just under 800 square feet each, the units would be considered very large for a typical one bedroom unit in this market and are projected to rent for $1,950-$2,000 with a future valuation of $2,600,000 upon stabilization. With renovation costs estimated at $300,000 with the current condition a new buyer would reap a profit comfortably above $350,000 and a 6.25% cap rate upon stabilization once all costs are factored in. (Buyer to verify and satisfy themselves, neither seller nor broker make any warranties).

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March, 2019
Mar 5, 2019

Date

Sold (Public Records)

Public Records

$1,300,000

Price
March, 2019
Mar 5, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 3991 Denker Ave

Assessed Value (2020): $1,326,000

Year	Land Value	Improved Value	Assessed Value
2020	$918,000	$408,000	$1,326,000

About 3991 Denker Ave

Detailed summary of property

3991 Denker Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90062 and last sold on March 5, 2019 for $1,300,000. This property has 8 bedrooms, 8 bathrooms, roughly 6,264 living square feet, and sits on an approximately 9,445 square foot lot. Homes 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 9.24% higher than the current median priced home. 3991 Denker Ave was last sold on March 5, 2019 for $1,300,000. Local nearby listings include 1552 W Vernon Ave, 1234 W 42nd St and 4225 Van Buren Pl. The average home in Los Angeles, CA is selling in 94 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 3991 Denker 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 3991 Denker Ave

Public county record property details

Beds: 8
Baths: 8
Year built: 1931
Sq. Ft.: 6,264
Lot Size: 9,445
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 54,55
APN: 5036-029-029

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

$849,900

Median List Price/Sq.Ft.

$576

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$553

Total Inventory

Median Sale to List Price %

85.49%

Avg Days on Market

Loan Type

Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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