3130 Arvia Street

Los Angeles, CA 90065

$1,500,000
Price
6
Beds
5
Baths
3,032 Sq. Ft.
$495 / Sq. Ft.
3,032
Sq. Ft.
$495
per Sq. Ft.

Description

Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two...Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two separate duplexes, all featuring one-bedroom, one-bath units. Every unit is comfortable and comes with its own front porch and rear access. Step outside to find cozy sitting areas and shady trees with paths that lead you around the property. All units are well-maintained, providing residents with a clean and functional living experience. Each unit is also individually metered for gas and electricity, ensuring efficiency in operating costs. The generously sized lot of 10,401 sq ft offers countless possibilities for developers or investors focused on long-term returns. The backyard includes a detached outbuilding that could be converted into additional living space, presenting great potential to increase the property's value (Buyer to verify with the City of LABS for feasibility). These units are located in a high-demand rental area and have significant upside rent potential. Beyond the property, residents can explore the thriving neighborhood with great shops like Golden Poppy Market, Loquat Coffee, or tasty originals like the first-ever King Taco! Nearby is Rio de Los Angeles State Park with easy access to the LA River Bike Path. Whether you're an artist, a food enthusiast, or someone who appreciates a lively community, this property invites you to experience the best of it all. Located close to public transportation, Downtown Los Angeles, and Dodger Stadium. Come envision the untapped potential of this remarkable investment property!
  1. Listed by Maricruz Veloz • DRE #01742098 • Brokerage DRE #01121690 • Coldwell Banker George Realty • 818-415-0856

Property Details for 3130 Arvia Street

Architectural Style
Bungalow
View
Neighborhood
Parking Spaces Total
3
Private Pool
No
Cooling Type
Wall/Window
Total Units
5.0
Building Type
Detached
Business Type
Multi-Tenant, Real Estate

Location

Listing Courtesy of Coldwell Banker George Realty, Maricruz Veloz, DRE #01742098
Add your commute
LISTING UPDATED: 02/14/2024 02:32 AM

Property Details for 3130 Arvia Street

StatusActive
MLS #DW24014239
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker George Realty, Maricruz Veloz, DRE #01742098
Add your commute

Building Information for 3130 Arvia Street

Building/Complex3130 Arvia StFloor-Stories1Residences-Pet Policy-Year Built1910Building Size-

Payment Calculator

$8,506 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$320

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3130 Arvia Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $54,408
  • Net Operating Income: $0
  • Garage Income: $0
  • Current Financing: None
Expense Details
  • Operating Expense: $0
  • Gardener Expense: $1,820
  • Insurance Expense: $1,650
  • Professional Management Expense: $0
  • Other Expense: $1,820
  • Trash Expense: $0
  • Water Sewer Expense: $2,262
  • Total Expenses: $5,735
Tax / Assessment Info
  • Tax Tract Number: 303
  • Tax Census Tract: 1852.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 184
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Assume, Buyer to Verify, Unknown
  • Community Features: Biking, Park, Sidewalks, Storm Drains, Street Lights, Urban
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Appliances: Gas Water Heater
  • Equipment: Gas Or Electric Dryer Hookup, Inside, Room
  • Interior Features: Copper Plumbing Partial
  • Room Type: Jack & Jill, Kitchen, Laundry, Living Room
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace, Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Floor Furnace, Natural Gas, Wall Furnace
  • Heat Equipment: Floor Furnace
  • Flooring: Laminate, Tile, Vinyl, Wood
Exterior Features
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Block, Chain Link
  • Foundation Details: Raised
  • Other Structures: Shed(s)
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Yard
  • Land Use: Multi-Family
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Gated, Other, Parking Space, Uncovered
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Gated, Other, Parking Space, Uncovered
Property / Structure Info
  • Building Status: Existing
  • Building Features: Living Quarters
  • Asset Class: Multi-Family
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 Garage Attached: No
  • Unit Type Actual Rent: $624
  • Unit Type Total Rent: $624
  • Unit Type Pro Forma: 2500
  • 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: $842
  • Unit Type Total Rent: $842
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • 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: $1,040
  • Unit Type Total Rent: $1,040
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • 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: $988
  • Unit Type Total Rent: $988
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 5
  • 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: $1,040
  • Unit Type Total Rent: $1,040
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 3130 Arvia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3130 Arvia Street

Taxable ValueLand$146,461Additions$94,139Total$240,600
Tax Record2023$3,836 ($320 / month)
Home Facts
Total Finished SqFt3,032 SqFtAbove Grade Finished SqFt3,032 SqFtLot Size10,401 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningLAR1CountyLOS ANGELESAPN5454-028-030

Schools near 3130 Arvia Street

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

Benjamin Franklin Senior High School
Public6 to 12

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior High School
Public9 to 12

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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3130 Arvia Street is a multi-family home for sale in Los Angeles, CA 90065. This property was listed for sale on February 14, 2024 by Coldwell Banker George Realty, it's currently listed at $1,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Aragon Avenue Elementary School, Benjamin Franklin Senior High School and Woodrow Wilson Senior High School. 3130 Arvia Street is a 6-bed, 5-bath, 3,032 sqft multi-family home built in 1910.

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 Coldwell Banker George Realty, Maricruz Veloz, DRE #01742098

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.