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6215 3Rd Ave, Los Angeles, CA 90043
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6215 3Rd Ave Los Angeles, CA 90043

$815,000 Sold Price as of 04/04/2024
  • 8 Beds
  • 4 Baths
  • 3,120 Sq.Ft.
Sold
$815,000 Sold Price as of 04/04/2024 Refinance Your Mortgage
Map preview of 6215 3Rd Ave, Los Angeles, CA 90043

Property Overview: 6215 3Rd Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,120 living square feet and 4,801 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PART OF A 2 BUILDING PORTFOLIO - sold together with adjacent lot 6223 3rd Ave for $1,750,000 total (2 fourplexes - 8 total units). We're pleased to present an extremely rare investment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3,120 SF fourplexes (both LAR3 Zoning) on two (2) adjacent lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952 respectively, the buildings feature eight (8) 2+1 units, each separately metered, with attractive corner lot curb appeal, a large center courtyard, and ample parking within the property gates, including 7 garage spaces with ADU potential (+10 additional on-site tandem spaces). 6 out of 8 units only have minor interior updates, creating plenty of value-add potential. This package offers an excellent opportunity for any investor to capitalize on over 80% in rental upside, including an upcoming allowable rent increase of up to 7% beginning Feb 1, 2024.

Listed by Andrew Malekie | BRE #02153774 | Link Brokerages
Last checked: 11 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
4,801
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23327041
City
Los Angeles
County
Los Angeles
Time on Site
200 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.74
  • Gross Scheduled Income: --
  • Net Operating Income: $32,191
  • Gross Operating Income: $61,956
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6215 3Rd Ave

Interior Features
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Oversized, Garage, Tandem Garage, Gated
Property Information
  • Total # of Units: 4
  • Parcel Number: 4007015014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On the corner of 3rd Ave & Hyde Park Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 6215 3Rd Ave

Last sold for $815,000 on April 4th, 2024

  • April, 2024

  • Apr 4, 2024

    Date

    Sold

    CRMLS: 23327041

    $815,000

    Price

  • Oct 31, 2023

    Date

    Active

    CRMLS: 23327041

    $825,000

    Price

  • April, 2023

  • Apr 25, 2023

    Date

    Expired

    CRMLS: 22195331

    $975,000

    Price

  • Sep 5, 2022

    Date

    Active

    CRMLS: 22195331

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    This property is part of a 2 building portfolio - sold together with adjacent lot 6223 3rd Ave for $1,999,999 total (2 fourplexes - 8 total units). First time on the market since 2008, an extremely rare investment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3,120 SF fourplexes (both LAR3 Zoning) on two lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952, the buildings feature eight (8) 2+1 units, each separately metered, with attractive corner lot curb appeal, a large center courtyard, and ample parking within the property gates. 6 out of 8 units have minor interior updates, creating plenty of room for renovations and high value-add potential.

  • March, 2008

  • Mar 3, 2008

    Date

    Sold (Public Records)

    Public Records

    $362,500

    Price

Show More

Tax History for 6215 3Rd Ave

Assessed Value (2020): $435,367
Year Land Value Improved Value Assessed Value
2020 $300,255 $135,112 $435,367

Home Value Compared to the Market

This property vs the competition

6215 3Rd Ave sold on April 4, 2024 for 30.67% 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 $264.42 per/sqft which puts the price per square foot 64.98% lower than the current median sale per square foot for the city of Los Angeles.

About 6215 3Rd Ave

Detailed summary of property

6215 3Rd Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,120 living square feet, and sits on an approximately 4,801 square foot lot. 6215 3Rd Ave was first listed on ArdentRealEstateGroup.com on October 31, 2023. The homeowner sold the property for $815,000. 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 30.67% lower than the current median priced home. Local homes that are currently for sale include 5419 S St Andrews Pl, 1728 W 64th St and 1726 W 60th St. While the average home in Los Angeles, CA is selling in 92 days, 6215 3Rd Ave has a days on market of 83 days. 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 6215 3Rd Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6215 3Rd Ave

Public county record property details
Beds
8
Baths
4
Year built
1950
Sq. Ft.
3,120
Lot Size
4,799
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
4007-015-014

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$598
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 6215 3Rd Ave

6223 3rd Ave, Los Angeles, CA 90043
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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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