106 East Avenue 37

Los Angeles, CA 90031

$5,270,000
Last Sold Price
18
Beds
25
Baths
14,764 Sq. Ft.
$357 / Sq. Ft.
14,764
Sq. Ft.
$357
per Sq. Ft.

Description

The Heritage Square Portfolio features 3614-3618 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36, and is comprised of (22) residential units and (3) commercial spaces on 51,492 SF of land. 106-114 E. Avenue 37 & 103-117 E. Avenue 36 is comprised of (17) bungalow-style units sitting on two parcels totaling 38,583 SF of land. Please note, 13 of the 17 units are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is comprised of...The Heritage Square Portfolio features 3614-3618 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36, and is comprised of (22) residential units and (3) commercial spaces on 51,492 SF of land. 106-114 E. Avenue 37 & 103-117 E. Avenue 36 is comprised of (17) bungalow-style units sitting on two parcels totaling 38,583 SF of land. Please note, 13 of the 17 units are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is comprised of 3 commercial spaces and 5 residential units sitting on 12,433 SF of land zoned RAS3. This portfolio offering is a true value-add opportunity as current rents are approx. 61% below market compared to renovated units in the area. Additionally, the portfolio sits directly across from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.

Listing Agent

  1. Max Berger

    Max Berger

    Listing Agent

    Compass

    DRE #02054048

    max.berger@compass.com

    P: 818.321.4972

Property Details for 106 East Avenue 37

Zoning
LARD1.5, LASAR3
Cross Streets
Pasadena Avenue & Avenue 36
Parcel Number
5446027024
Total Units
25.0
Living Area
14764
Source Living Area
Other
Area
Lincoln Heights (677)
Vacancy Rate
1

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute
LISTING UPDATED: 03/24/2022 10:29 AM

Property Details for 106 East Avenue 37

StatusSold
MLS #21-798702
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size1.18 AC / 51,492 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute

Building Information for 106 East Avenue 37

Stories2Residences-Year Built1924Building Size-Lot Size1.18 AC / 51,492 SF

Payment Calculator

$32,318 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,761

Property Taxes

$3,557

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 106 East Avenue 37

Community / Development
Community / Development
  • Number Of Units: 25
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 16
  • Type Of Units: Bungalows
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $354,431
  • Net Operating Income: $217,133.00
  • Gross Income: $361,664
  • Cap Rate: 3.98%
  • Gross Rent Multiplier: $15.07
  • Financial Info as Of: 10/25/2021
  • Total Annual Expense: 137297
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Size Square Feet: 51492
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 17
  • Open Other Spaces Total: 17
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-25-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1.00
  • Unit Actual Rent: $1.00
  • Unit Projected Rent: $1.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106

Property History for 106 East Avenue 37

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 106 East Avenue 37

Taxable ValueLand$2,356,200Additions$1,009,800Total$3,366,000
Tax Record2023$42,685 ($3,557 / month)
Home Facts
Total Finished SqFt8,895 SqFtAbove Grade Finished SqFt8,895 SqFtLot Size35,814 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD1.5CountyLOS ANGELESAPN5446-027-024

Schools near 106 East Avenue 37

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 12
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Loreto Street Elementary School
PublicK to 5

Los Angeles Leadership Academy
Charter6 to 12

Abraham Lincoln Senior High School
Public9 to 12

Latona Avenue Elementary School
PublicK to 6

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Max Berger, DRE #02054048

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.