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SOLD 11/27/2020
3411 Drew Street, Los Angeles, CA 90065
5
beds
4
baths
23207
ft2
· 26945
ft2 lot
$6,075,000
$292 / ft2
Listing provided courtesy of Listing Broker: DANIEL CORCORAN, Corcoran Group of California Inc..
Source CRMLS.
BACK ON THE MARKET ! Two buildings on seperate lots that can be sold together or individually. 3407 Drew St. for $3,599,000 and 3411 Drew St. for $3,299,000 or together for $6,799,000. Please see the offering memorandum for individual property P&L and details. Both are Bread 'n Butter units in pleasant easy to commute neighborhood.Re-surfaced roofs on both buildings. Automatic security gate. Onsite parking. Security camera system monitors public areas. Newly painted exterior on 3411 which consists of five 1-bedroom, 1-bath; two 2-bedrooms, 1-bath and nine 2-bedroom, 1.5-bath townhouse style apartments with upstairs balconies. Interior of units in very good condition. Well maitained buildings. Shown on accepted offers only. PLEASE do not disturb tenants. Offering memorandum attached.
HOA
$—/month
On market
18 days
Year built
1961
Property type
Multi-Family
Parking
MLS
EV20218353
Price / Sq.Ft.
$292 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $6,779,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$1,318/day
$0
Best
Flyhomes Guaranteed Offer
$33,895
- -
$33,895
Better
Discount Brokerage
$27,294
not offered
$27,294
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Security Features: Automatic Gate
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 23207.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Attached Carport, Driveway, Paved, Driveway Level, Parking Space
•   
Garage Spaces: 0.00
Community Info
•   
Road Frontage Type: City Street
•   
Number Of Buildings: 2
•   
Total Units: 31
Property Features
•   
View: Neighborhood
•   
Fencing: Masonry, Security, Wrought Iron
•   
Common Walls: 2+ Common Walls
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: LARD2
•   
Lot Features: 31-35 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.6186
•   
Additional Parcels Description: 5459010005
•   
Lot Size Area: 26945.0000
•   
Lot Size Units: Square Feet
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 33
•   
Number Of Separate Gas Meters: 33
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 33.80
•   
Gross Operating Income: 471418.00
•   
Water Sewer Expense: 24592.00
•   
Vacancy Allowance Rate: 3.00
•   
Maintenance Expense: 36370.00
•   
Cap Rate: 4.65
•   
Fuel Expense: 0.00
•   
Trash Expense: 25262.00
•   
New Taxes Expense: 24861.00
•   
Insurance Expense: 6963.00
•   
Vacancy Allowance: 14579
•   
Professional Management Expense: 24568.00
•   
Total Expenses: 155245.00
•   
Gross Scheduled Income: 485998.00
•   
Operating Expense: 155245.00
•   
Gross Multiplier: 13.99
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 485998.00
•   
Tax Year: 2020
•   
Taxes: 14847.0
Lease Info
•   
Net Operating Income: 316173.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1397.00
•   
Unit 3 Total Units: 9
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 1397.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1493.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 15
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1493.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 7
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1025.00
•   
Unit 1 Total Rent: 1025.00
Multi Unit Information
•   
# Of Units: 3
School Neighborhood & Directions
Location
•   
Other Subdivision Name: 3122
•   
Community Features: Sidewalks
•   
Directions: Drew St. between Estara Ave and Weldon Ave, off the Glendale freeway.
Other
Calculation
•   
Dom: 19
•   
Cdom: 109
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 11, 2021 10:36am
Neighborhood snapshot
85
Properties for sale
14
Median days on market
$597.83
Median sold price/sqft
105.04%
Sold/List %
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Property History
11/27/2020
11/27/2020
CRMLS #EV20218353
sold
CRMLS #EV20218353
$6,779,000
+11.59%
11/25/2020
11/25/2020
Public Record
sold
Public Record
$6,075,000
--10.39%
10/16/2020
10/16/2020
CRMLS #EV20218353
active
CRMLS #EV20218353
$6,779,000
--0.29%
06/05/2020
06/05/2020
CRMLS #EV20107904
active
CRMLS #EV20107904
$6,799,000
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