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8616 W 3Rd St, Los Angeles, CA 90048
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8616 W 3Rd St Los Angeles, CA 90048

$6,250,000 Sold Price as of 03/16/2023
  • -- Beds
  • -- Baths
  • 5,101 Sq.Ft.
Sold
$6,250,000 Sold Price as of 03/16/2023 Refinance Your Mortgage
Map preview of 8616 W 3Rd St, Los Angeles, CA 90048

Property Overview: 8616 W 3Rd St Los Angeles, CA has -- bedrooms, -- bathrooms, 5,101 living square feet and 6,425 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present for sale a commercial retail property in the middle of it all! Located across the street from Cedars Sinai and half a block away from the Beverly Center, this two-building property takes up the southeast corner at 3rd Street and Willaman Drive. Currently with three vacant units, the property offers an Owner-User the possibility of taking occupancy over 100% of the property. With 5,101 square feet of usable space, the property used to provide housing and still features bathrooms with showers and kitchens, though in need of work. There are 9 parking spaces on site - rare for this area. A 2011 Los Angeles Housing Department decision letter approved the whole property as exempt from the Residential Stabilization Ordinance. Commercially zoned with a C2-1VL, TOC Tier 2 designation, the corner lot offers desirable redevelopment potential, including the possibility to convert the existing property to Medical Use. The lot is subject to the Los Angeles Building Code but surrounded by Beverly Hills and West Hollywood. Called a Walker's Paradise by Walk Score, just down the road from the Robertson Shopping District, a hop and a skip from the Beverly Center, the 3rd Street Shopping District and much more, this area is highly desirable and sought after by high-earning individuals.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Co-listed by Shaya Braverman | BRE #01861842 | Keller Williams Beverly Hills
Last checked: 15 minutes ago | Last updated: March 16th, 2023 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
6,425
HOA Dues
$0/mo
Year built
1937
Garage
--
Property Type:
Other
Status
Sold
MLS#
22225475
City
Los Angeles
County
Los Angeles
Time on Site
421 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8616 W 3Rd St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: Corner Lot
Property Information
  • Total # of Units: 6
  • Parcel Number: 4334009017
  • Entry Level: 1
Location / Neighborhood
Location Information
  • Directions: Across the street from Cedars Sinai. Just west of the Beverly Center. Between Robertson Blvd. and San Vicente Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 8616 W 3Rd St

Last sold for $6,250,000 on March 16th, 2023

  • March, 2023

  • Mar 16, 2023

    Date

    Sold

    CRMLS: 22225475

    $6,250,000

    Price

  • Dec 15, 2022

    Date

    Active

    CRMLS: 22225475

    $6,500,000

    Price

  • February, 1999

  • Feb 18, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8616 W 3Rd St

Assessed Value (2020): $1,763,175
Year Land Value Improved Value Assessed Value
2020 $1,433,482 $329,693 $1,763,175

Home Value Compared to the Market

This property vs the competition

8616 W 3Rd St sold on March 16, 2023 for 446.22% 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 $1274.26 per/sqft which puts the price per square foot 68.78% higher than the current median sale per square foot for the city of Los Angeles.

About 8616 W 3Rd St

Detailed summary of property

8616 W 3Rd St is a other that recently sold in Los Angeles, CA 90048. This property offered -- bedrooms, -- bathrooms, roughly 5,101 living square feet, and sits on an approximately 6,425 square foot lot. 8616 W 3Rd St was first listed on ArdentRealEstateGroup.com on March 15, 2023. The homeowner sold the property for $6,250,000. 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 446.22% higher than the current median priced home. Local homes that are currently for sale include 544 N Rimsdale Ave, 417 Main St and 452 Victoria St. While the average home in Los Angeles, CA is selling in 94 days, 8616 W 3Rd St has a days on market of 50 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. For more information on this home for sale at 8616 W 3Rd St Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8616 W 3Rd St

Public county record property details
Beds
--
Baths
--
Year built
1937
Sq. Ft.
5,101
Lot Size
6,424
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
147
APN
4334-009-017

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,495,000
Median List Price/Sq.Ft.
$1,036
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
128
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

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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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