3103 8th Avenue

Los Angeles, CA 90018

$855,000
Last Sold Price
3
Beds
3
Baths
1,560 Sq. Ft.
$548 / Sq. Ft.
1,560
Sq. Ft.
$548
per Sq. Ft.

Description

Located in the burgeoning Jefferson Park section of Los Angeles, this rare 3-unit is perfect for an end-user or value-add buyer. All units are currently occupied with a monthly rent roll of $4,622. The property also features a 3-car covered garage and a gated fence. Current rents are collectively 15% below market value. Dubbed as the soul of the city because of its strong sense of community among its residents, Jefferson Park is an historic gem of a neighborhood. Situated right off the Santa Monica...Located in the burgeoning Jefferson Park section of Los Angeles, this rare 3-unit is perfect for an end-user or value-add buyer. All units are currently occupied with a monthly rent roll of $4,622. The property also features a 3-car covered garage and a gated fence. Current rents are collectively 15% below market value. Dubbed as the soul of the city because of its strong sense of community among its residents, Jefferson Park is an historic gem of a neighborhood. Situated right off the Santa Monica highway, residents can easily access any part of the city in minutes. One of the standout features of Jefferson Park is its gorgeous historic homes. The area is a mix of Edwardian, Art Deco, and Craftsman bungalow homes from the turn of the century.
  1. Listed by Trevor Nelson • DRE #01495150 • Brokerage DRE #01495150 • Trevor Carl Nelson

Property Details for 3103 8th Avenue

Zoning
LAR2
Parcel Number
5051036018
Total Units
3.0
Living Area
1560
Source Living Area
Estimated
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
5603

Location

Listing Courtesy of Trevor Carl Nelson, Trevor Nelson, DRE #01495150

Sold By Trevor Carl Nelson, Trevor Nelson, DRE #01495150

Add your commute
LISTING UPDATED: 09/07/2021 10:20 PM

Property Details for 3103 8th Avenue

StatusSold
MLS #21-713090
Days on Market135
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.13 AC / 5,603 SF
CountyLos Angeles County

Location

Listing Courtesy of Trevor Carl Nelson, Trevor Nelson, DRE #01495150

Sold By Trevor Carl Nelson, Trevor Nelson, DRE #01495150

Add your commute

Building Information for 3103 8th Avenue

Stories1Residences-Year Built1925Building Size-Lot Size0.13 AC / 5,603 SF

Payment Calculator

$5,559 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,666

Property Taxes

$893

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3103 8th Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Gated
  • ADA Compliance: No
  • Additions Alterations: No
Contract Info
Contract Info
  • Financing: Conventional
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $53,800
  • Net Operating Income: $25,536.00
  • Gross Income: $55,464
  • Gross Rent Multiplier: $15.00
  • Actual Annual Gross Rent: $55,464.00
  • Actual Gross Annual Income: $55,464
  • Actual Rent Total: $55,464.00
  • Financial Info as Of: 03/31/2021
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 28246
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1286
  • Lot Size Square Feet: 5603
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 3
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating: Baseboard
  • Heating Type: Baseboard
  • Flooring: Hardwood
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Cooktop - Gas
Exterior Features
Exterior Features
  • Entry Location: Ground Level - no steps
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-31-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,768.00
  • Unit Actual Rent: $1,768.00
  • Unit Projected Rent: $1,768.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,204.00
  • Unit Actual Rent: $1,204.00
  • Unit Projected Rent: $1,204.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number Leased: 3
  • Number Refrigerator: 3
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $6,300
  • Tax Rate: .72%
  • Tax Rate Year: 2021
  • Assessed Improvement Value: $127,500.00
  • Assessed Improvement Percent: 16.13
  • Assessed Land Value: $663,000.00
  • Assessed Land Percent: 83.87
  • Assessed Total Value: $790,500.00

Property History for 3103 8th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3103 8th Avenue

Taxable ValueLand$586,500Additions$285,600Total$872,100
Tax Record2023$10,719 ($893 / month)
Home Facts
Total Finished SqFt1,560 SqFtAbove Grade Finished SqFt1,560 SqFtLot Size5,603 SqFtStyleTriplexYear Built1925ZoningLAR2CountyLOS ANGELESAPN5051-036-018

Schools near 3103 8th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Sixth Avenue 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.

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 Trevor Carl Nelson, Trevor Nelson, DRE #01495150

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.