3038 Virginia Road

Closed 2/24/17Virtual Tour
Closed 2/24/17Virtual Tour
Gallery Image 1
Last Sold Price
$635,000
5 beds2 baths1,997 sqft$318/sqft
3038 Virginia Rd, Los Angeles, CA 90016

Description

Tremendous Opportunity to Own this Duplex in a Great Area! Large Lot with Two Buildings that are metered separately for gas & electricity. Tons of Parking 4+ spaces, Security Lights, and no Common Walls. Both Units have been Completely Remodeled in the last few years with New Kitchen Cabinetry & Countertops, Interior/Exterior Paint, and both units have Inside Laundry Hook ups. You could Move into One Unit and Rent Out the Other or Purchase for Immediate Cash Flow. The Value’s in this area just Keeping...Tremendous Opportunity to Own this Duplex in a Great Area! Large Lot with Two Buildings that are metered separately for gas & electricity. Tons of Parking 4+ spaces, Security Lights, and no Common Walls. Both Units have been Completely Remodeled in the last few years with New Kitchen Cabinetry & Countertops, Interior/Exterior Paint, and both units have Inside Laundry Hook ups. You could Move into One Unit and Rent Out the Other or Purchase for Immediate Cash Flow. The Value’s in this area just Keeping Going UP! Unit Mix Consists of (1) 2bed/1bath 676 Sq Ft and (1) 3bed/1bath 1,321 Sq Ft. The 2/1 is vacant and the 3/1 is Leased at $2,350 through June 2017. This Investment Property Will Not Last, If you are looking for a Fantastic ROI, look no further- Don’t Hesitate to Act Now!
LISTING CLOSED: 02/24/2017 12:00 AM

  1. Listed by Jessica Nieto • DRE #01923684 • Brokerage DRE #01526901 • Brooke Realty

Property Details for 3038 Virginia Road

Status
Closed
MLS #
OC16740432
Days on Market
65
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1929
Lot Size
0.14 AC / 6,148 SF
County
Los Angeles County
Architectural Style
Spanish
Parking Spaces Total
4
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1997
Assessor Parcel Number
5050-028-048
Property Attached YN
false
Common Walls
No Common Walls
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Building Area Total
1997
Building Area Units
Square Feet
Fireplace
No
Pool
No
Association
No
Association Fee
$.00
Zoning
LARD2
Parcel Number
5050028048
Area
Mid Los Angeles (C16)
Directions
W. Jefferson Road & Virginia Road
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Brooke Realty, Jessica Nieto, DRE #01923684

Sold By RE/MAX Alliance Group, Walner H Hernandez, DRE #01318574

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Virtual Tour

Building Information for 3038 Virginia Road

Stories-Residences-Year Built1929Building Size-Lot Size0.14 AC / 6,148 SF

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$3,993 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,228

Property Taxes

$765

HOA Dues

$0

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Property Information for 3038 Virginia Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $44,484
  • Net Operating Income: $28,915
  • Financing: Conventional
Expense Details
  • Operating Expense: $15,569
  • Operating Expense Percent: 35.00%
  • New Taxes Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $15,569
Tax / Assessment Info
  • Tax Tract Number: 5780
  • Tax Census Tract: 2200.00
  • Tax Lot: 290
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Gas Cooktop
  • Equipment: Inside, Laundry Area
  • Room Type: Living Room
  • Laundry: Yes
  • Laundry Features: Common Area, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: See Remarks
  • Heating: See Remarks
  • Heat Equipment: Other/Remarks
  • Virtual Tour URL Branded: https://youtu.be/R2RRyLrabTk
Exterior Features
  • Door Features: Panel Doors
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level, Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Off Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $15,444
  • Unit Type Pro Forma: 1287
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,420
  • Unit Type Total Rent: $29,040
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Range: 2

Property History for 3038 Virginia Road

DateEvent & SourcePriceAppreciation
Feb 25, 2017

Price Change

CRMLS #OC16740432

$650,000—
Feb 24, 2017

Sold

CLAW #OC16740432MR

$635,000—
Feb 24, 2017

Sold

SDMLS #OC16740432

$635,000—
DateEvent & SourcePrice
02/25/2017

Price Change

CRMLS #OC16740432

$650,000
02/24/2017

Sold

CLAW #OC16740432MR

$635,000
02/24/2017

Sold

SDMLS #OC16740432

$635,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3038 Virginia Road

Taxable ValueLand$580,292Additions$156,676Total$736,968
Tax Record2025$9,177 ($765 / month)
Home Facts
Total Finished SqFt1,997 SqFtAbove Grade Finished SqFt1,997 SqFtLot Size6,148 SqFtStyleDuplexYear Built1929ZoningLARD2CountyLOS ANGELESAPN5050-028-048

Schools near 3038 Virginia Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Virginia Road Elementary School
Public - K to 5
Johnnie Cochran, Jr., Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
ISANA Nascent Academy
Charter - K to 8
Rating
School
Distance
Virginia Road Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3038 Virginia Road, Los Angeles, CA 90016
$635,000
5
2
1,997
6,148
3034 Virginia Road, Los Angeles, CA 90016
$429,000
–
4
2,740
6,147
3036 Virginia Road, Unit 2, Los Angeles, CA 90016
$429,000
1
615
–
3036 Virginia Road, Unit 3, Los Angeles, CA 90016
$390,000
1
624
–
3036 Virginia Road, Unit 1, Los Angeles, CA 90016
$340,000
1
636
–
3048 Virginia Road, Los Angeles, CA 90016
$235,000
–
2
2,914
6,147

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Brooke Realty, Jessica Nieto, DRE #01923684

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.