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SOLD 7/22/2022

5151 3rd Avenue, Los Angeles, CA 90043$959,000

6
beds
3
baths
2398
ft2
· 6090
ft2 lot
$396 / ft2

Listing provided courtesy of Listing Broker: Tia Hughes, Compass
Source CRMLS;
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Beautifully Renovated 3-Unit Building In The Heart Of L.A With Owners Unit Delivered VACANT. Each Unit Offers 2 Bedrooms And 1 Bath. Front Building Is An Attached Duplex And 3rd Rear Unit Is Detached. Recent Upgrades Include Electrical Panel Boxes, Roof, Central AC & Heat. 2 Units Feature Upgraded Flooring, Cabinets, Countertops, Lighting, Paint, Appliances And More! With In-Unit Laundry, On-Site Parking And Convenient Access To Public Transportation, This Triplex Is Appealing To Renters And Has Lots Of Upside Potential. 1 Unit Is A Well-Maintained Original Condition Unit. Live In 1 And Collect Rents Or Rent All 3 Units. Don't Miss Out On This Investment Opportunity!

HOA

$0/month

On market

11 days

Year built

1924

Property type

Multi-Family

Parking

6

MLS

22162823

Price / Sq.Ft.

$396 / ft2

Status

Closed

Buyer’s Brokerage Commission

2.5%

Home details for 5151 3rd Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included, Inside
•   
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Oven
•   
Has Appliances
•   
Laundry: 1
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Decorative, Living Room
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace, Central
•   
Cooling Details: Central Air
Flooring
•   
Flooring: Laminate, Wood, Tile, Carpet
Interior Size
•   
Building Area Total: 2398.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Public, Driveway, Street, Shared Driveway, Uncovered
Building Info
•   
Zoning: LAR1
•   
Stories Total: 1
Lot Info
•   
Lot Size Source: Assessor, Assessor
•   
Lot Size Acres: 0.1398
•   
Lot Size Dimensions: 45x135
•   
Lot Size Area: 6090.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 3
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 55860.00
•   
Water Sewer Expense: 1700.00
•   
Maintenance Expense: 1000.00
•   
Total Actual Rent: 4900.00
•   
New Taxes Expense: 11862.00
•   
Insurance Expense: 1550.00
•   
Total Expenses: 16112.00
•   
Gross Multiplier: 16.14
Tax/Assessment Info
•   
Gross Income: 58800.00
•   
Tax Year: 2021
•   
Taxes: 8634.33
Lease Info
•   
Net Operating Income: 41142.00
Other
•   
Financial Info As Of: 2022-06-01 00:00:00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 3
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1298.60
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 2
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1298.60
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: 1300.00
•   
Unit 1 Total Rent: 1300.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Arlington Ave and W Slauson
Other
Calculation
•   
Dom: 11

Property History for 5151 3rd Avenue

07/22/2022
07/22/2022
CRMLS #22162823
sold
CRMLS #22162823
$959,000
+1.05%
06/13/2022
06/13/2022
CRMLS #22162823
pending
CRMLS #22162823
$949,000
06/02/2022
06/02/2022
CRMLS #22162823
active
CRMLS #22162823
$949,000

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