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SOLD 8/1/2022

3823 Wisconsin Street, Los Angeles, CA 90037$1,870,000

15
beds
8
baths
5508
ft2
· 8022
ft2 lot
$383 / ft2

Listing provided courtesy of Listing Broker: Keith Moret, Keller Williams Beach Cities
Source CRMLS;
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This charming 8 units in the Mid-Century modern style has it all with a Prime location in the shadows of USC and the Lucas Museum, and 100% upside in current rents. The unit mix is ideal with (7) 2BR/1BA and (1) 1BR/1BA units. The owners have meticulously maintained the property since 1989 and are ready to move on. The plumbing is copper, there is a new electric motor on security gate and updated vinyl windows and stairwell. The seismic retrofit work was completed in back and there is parking for 8 with the possibility to add more parking, or an ADU. The potential for development is obvious with its premier location and desirable zoning of LAr3 and TOC Tier 4 designation. Development could conceptually generate 18 units "By Right" (check with city). Call now and make this your investment opportunity for the future.

HOA

$0/month

On market

3 months

Year built

1961

Property type

Multi-Family

Parking

8

MLS

22147229

Price / Sq.Ft.

$383 / ft2

Status

Closed

Buyer’s Brokerage Commission

2%

Home details for 3823 Wisconsin Street

Interior Features & Layout
Appliances
•   
Appliances: Disposal
•   
Has Appliances
•   
Security Features: Automatic Gate
Interior Size
•   
Building Area Total: 5508.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1842
•   
Lot Size Area: 8022.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 8
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 8
•   
Number Of Separate Gas Meters: 8
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 109839.00
•   
Total Expenses: 46489.00
•   
Gross Multiplier: 18.25
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 115620.00
•   
Tax Year: 2021
•   
Taxes: 7689.45
Lease Info
•   
Net Operating Income: 63650.00
Other
•   
Financial Info As Of: 2022-04-01 00:00:00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1000.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1000.00
Unit 7 Information
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1000.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1000.00
•   
Unit 7 Bedrooms: 2
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1215.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1215.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Actual Rent: 1785.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 1785.00
•   
Unit 8 Bedrooms: 2
•   
Unit 8 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 835.00
•   
Unit 1 Total Rent: 835.00
Unit 4 Information
•   
Unit 4 Actual Rent: 711.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 711.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
Number With Refrigerator: 8
•   
# Of Units: 13
•   
Number With Disposal: 8
•   
Number With Range: 8
Unit 5 Information
•   
Unit 5 Actual Rent: 1850.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1850.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Unit 6 Information
•   
Unit 6 Actual Rent: 1239.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1239.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 2
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
School Info
•   
Directions: West of Vermont, South of Exposition, North of Martin Luther King Jr Blvd
Virtual Tour Link
Virtual Tour
Other
Calculation
•   
Dom: 83

Property History for 3823 Wisconsin Street

08/01/2022
08/01/2022
CRMLS #22147229
sold
CRMLS #22147229
$1,870,000
--11.37%
07/07/2022
07/07/2022
CRMLS #22147229
pending
CRMLS #22147229
$2,110,000

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