3711 Monterey Road

Closed 10/18/19
Closed 10/18/19
Gallery Image 1
Sold
Last Sold Price
$725,000
4 beds3 baths2,129 sqft
3711 Monterey Rd, Los Angeles, CA 90032
Multi FamilyProperty Type
0.17 acresLot Size
1938Year Built
$341/sq ftPrice per sq ft
4 carsParking Spaces

Description

RENT INCREASED - new Cap Rate: 3.67% - Prime El Sereno triplex recently upgraded and fully-leased. Located on Monterey Road south of Hermon, east of Debbs Park, and tucked between the Monterey Hills and Rose Hills. This 3-unit property is priced like an SFR, so it has solid long term potential. Listed for less than $242K per unit, this triplex consists of a stand alone SFR which is a 2 bedroom/1 bath home (approx. 921 SF) and two-1 bedroom/1 bath units (approx. 604 SF each). All three units have...RENT INCREASED - new Cap Rate: 3.67% - Prime El Sereno triplex recently upgraded and fully-leased. Located on Monterey Road south of Hermon, east of Debbs Park, and tucked between the Monterey Hills and Rose Hills. This 3-unit property is priced like an SFR, so it has solid long term potential. Listed for less than $242K per unit, this triplex consists of a stand alone SFR which is a 2 bedroom/1 bath home (approx. 921 SF) and two-1 bedroom/1 bath units (approx. 604 SF each). All three units have well-designed and spacious floor plans, as well as laundry hook-ups in each unit. The front building is a side-by-side duplex (built in 1938) with a grass yard behind it, the back house is a stand alone SFR (built in 1952). Seller has recently invested into valuable improvements, including new shower stalls/tubs/tile in front unit bathrooms, as well as new windows in the west unit. Seller also renovated exterior of all buildings and improved the landscaping in November 2018. There is also a two-car detached garage between the dwellings that is perfect for leasing out to tenants for additional income, the garage is currently used by landlord for storage. Gross rental income is currently $3,704 per month/$44,448 per year. LA County records show combined SF at 2,129 for the 3 units, the lot is approximately 7,540 SF. This multi-unit property provides an excellent buy-and-hold opportunity for an astute investor.

Listing Agent

  1. Jim Tripodes

    Jim Tripodes

    Listing Agent

    COMPASS

    DRE #01455574

    P: (626) 202-9444

    M: (626) 202-9444

    CallText
Listing closed: 10/18/2019 12:00 AM • Source: CRMLS, MLS#: PF18252109
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Location

Listing Courtesy of COMPASS, Jim Tripodes, DRE #01455574

Sold By Keller Williams Realty, Matthew May, DRE #01509907

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Property Taxes

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Property Information for 3711 Monterey Road

Property Details
  • MLS Type: Residential Income
  • County: Los Angeles County
  • Buyer's Agent Compensation: 2.5%
  • Architectural Style: Traditional
  • Parking Spaces Total: 4
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 3.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 50' wide X 150' depth
  • Living Area: 2129
  • Assessor Parcel Number: 5302-028-018
  • Property Attached YN: true
  • Common Walls: 1 Common Wall
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area: 604
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area: 921
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 2129
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Entry Level: 1
  • Pool: No
  • Spa: No
  • Association: No
  • Association Fee: $.00
  • Zoning: LARD3
  • Senior Community: No
  • Parcel Number: 5302028018
  • Area: El Sereno (621)
  • Directions: From Huntington Drive take Monterey Road north, property on west side. From 110 FWY South take Via Marisol east, go south at Monterey Rd
Building Information
  • Stories: 1
  • Year Built: 1938
  • Lot Size: 0.17 AC / 7,538 SF
Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $44,448
  • Gross Scheduled Income: $44,448
  • Gross Operating Income: $44,448
  • Net Operating Income: $26,591
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Other Income Description: Garage not currently leased
  • Gross Multiplier: 16.3
  • Cap Rate: 3.67
Expense Details
  • Operating Expense: $17,857
  • New Taxes Expense: $9,363
  • Gardener Expense: $1,210
  • Electric Expense: $0
  • Insurance Expense: $1,700
  • Maintenance Expense: $651
  • Trash Expense: $0
  • Water Sewer Expense: $4,933
  • Total Expenses: $17,857
Tax / Assessment Info
  • Tax Block: 13
  • Tax Tract Number: 12092
  • Tax Census Tract: 2013.01
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Water Heater, Water Heater
  • Equipment: Room
  • Interior Features: Granite Counters, Tile Counters
  • Room Type: Kitchen, Living Room
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Carpet, Laminate, Tile
  • Flooring: Carpet, Laminate, Tile
  • Virtual Tour URL Branded: http://3711monterey.pacunion.la/mls#/
  • Virtual Tour URL Unbranded: http://3711monterey.pacunion.la/mls#/
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Security: Security Bars
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco
  • Exterior: Stucco, Wood
  • Exterior Features: Satellite Dish
  • Roof: Composition, Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link, Wood
  • Fencing: Block, Chain Link, Wood
  • Foundation Details: Raised, Slab
  • Foundation Details: Raised, Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Corners Marked, Front Yard, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinklers None, Up Slope from Street, Utilities - Overhead, Yard
  • Direction Faces: East
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage - 2 Car, Shared Driveway, Uncovered
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Concrete, Unpaved, Driveway Up Slope From Street, Garage - Two Door, On Site, Shared Driveway, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $545
  • Unit Type Total Rent: $545
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,402
  • Unit Type Total Rent: $1,402
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 2
Unit 3
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,757
  • Unit Type Total Rent: $1,757
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 3711 Monterey Road

DateEvent & SourcePriceAppreciation
Oct 18, 2019

Sold

SDMLS #PF18252109

$725,000—
Oct 18, 2019

Sold

CRMLS #PF18252109

$725,000—
Oct 18, 2019

Sold

CLAW #PF18252109MR

$725,000—
DateEvent & SourcePrice
10/18/2019

Sold

SDMLS #PF18252109

$725,000
10/18/2019

Sold

CRMLS #PF18252109

$725,000
10/18/2019

Sold

CLAW #PF18252109MR

$725,000

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

Public Records for 3711 Monterey Road

Taxable ValueLand$676,260Additions$223,686Total$899,946
Tax Record2025$11,077 ($923 / month)
Home Facts
Baths3Total Finished SqFt2,129 SqFtAbove Grade Finished SqFt2,129 SqFtLot Size7,538 SqFtStyleTriplexYear Built1938Year Renovated1938ZoningLARD3CountyLOS ANGELESAPN5302-028-018

Schools near 3711 Monterey Road

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Bushnell Way Elementary School
Public - K to 5
El Sereno Elementary School
Public - K to 6
Huntington Drive Elementary School
Public - K to 6
El Sereno Middle School
Public - 6 to 8
Rating
School
Distance
Bushnell Way Elementary School
PublicK to 5

El Sereno Elementary School
PublicK to 6

Huntington Drive Elementary School
PublicK to 6

El Sereno Middle School
Public6 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: 3711 Monterey Road, Los Angeles, CA 90032
$725,000
4
3
2,129
7,538
3707 Monterey Road, Los Angeles, CA 90032
$26,682
–
3
2,768
7,536
3717 Monterey Road, Los Angeles, CA 90032
$215,000
–
2
1,477
7,535
3723 Monterey Road, Los Angeles, CA 90032
$267,000
3
1
1,227
7,492
3710 Monterey Road, Los Angeles, CA 90032
–
–
4
1,545
7,548
3727 Monterey Road, Los Angeles, CA 90032
–
3
2
1,400
7,536

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 COMPASS, Jim Tripodes, DRE #01455574

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.