3369 Overland Avenue

Los Angeles, CA 90034

$10,539,500
Last Sold Price
70
Beds
42
Baths
29,336 Sq. Ft.
$359 / Sq. Ft.
29,336
Sq. Ft.
$359
per Sq. Ft.

Description

Major price reduction! 3367-3373 Overland Ave. is a terrific 32 unit apartment building located in a prime Palms / West Los Angeles location. The property is ideally situated on Overland Avenue, two blocks north of Palms Boulevard in a spectacular centrally located neighborhood. The building offers an excellent mix of residences which include 4 - One Bedroom + One Bath Units, 18- Two Bedroom + One Bath Units, 10 - Three Bedroom + Two Bath Units. Many of the units are rented at below market rates....Major price reduction! 3367-3373 Overland Ave. is a terrific 32 unit apartment building located in a prime Palms / West Los Angeles location. The property is ideally situated on Overland Avenue, two blocks north of Palms Boulevard in a spectacular centrally located neighborhood. The building offers an excellent mix of residences which include 4 - One Bedroom + One Bath Units, 18- Two Bedroom + One Bath Units, 10 - Three Bedroom + Two Bath Units. Many of the units are rented at below market rates. Units rented at market rates have been renovated and feature:remodeled kitchens with granite countertops, updated appliances including dishwashers, microwaves, stoves, and refrigerators, with stainless steel plumbing fixtures, and beautiful kitchen cabinets. This is a rare opportunity for an Investor to purchase an income property in a prime West Los Angeles Location with tremendous rental upside.
  1. Listed by Gary Fox • DRE #00847295 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.
  2. Listed by Michael Wozniak • DRE #01856514 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 3369 Overland Avenue

Parcel Number
4254024034
Total Units
32.0
Living Area
29336
Source Living Area
Assessor
Area
Palms - Mar Vista (C13)
Vacancy Rate
22,745
Lot Size Area
28310
Source Lot Size Area
Assessor

Location

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Sold By Miller & Desatnik Realty Co., Gary Fox, DRE #00847295

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LISTING UPDATED: 03/30/2023 11:48 AM

Property Details for 3369 Overland Avenue

StatusSold
MLS #22-225815
Days on Market94
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.65 AC / 28,310 SF
CountyLos Angeles County

Location

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Sold By Miller & Desatnik Realty Co., Gary Fox, DRE #00847295

Add your commute

Building Information for 3369 Overland Avenue

Stories2Residences-Year Built1955Building Size-Lot Size0.65 AC / 28,310 SF

Payment Calculator

$65,487 per month

30 year fixed, 7.25% Interest

Principal and Interest

$57,518

Property Taxes

$7,969

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3369 Overland Avenue

Community / Development
Community / Development
  • Number Of Units: 32
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Aparments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $742,036
  • Net Operating Income: $453,305.00
  • Gross Income: $764,782
  • Cap Rate: 3.94%
  • Gross Rent Multiplier: $15.00
  • Actual Annual Gross Rent: $758,182.00
  • Total Annual Expense: 288731
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.6499
  • Lot Size Square Feet: 28310
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 37
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-19-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $7,580.00
  • Unit Projected Rent: $8,180.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,014.00
  • Unit Actual Rent: $36,253.00
  • Unit Projected Rent: $51,660.00
  • Like Units: 18
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,935.00
  • Unit Actual Rent: $19,349.00
  • Unit Projected Rent: $35,200.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,944,577.00
  • Assessed Improvement Percent: 39.39
  • Assessed Land Value: $4,530,121.00
  • Assessed Land Percent: 60.61
  • Assessed Total Value: $7,474,698.00

Property History for 3369 Overland 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 3369 Overland Avenue

Taxable ValueLand$4,620,723Additions$3,008,268Total$7,628,991
Tax Record2023$95,626 ($7,969 / month)
Home Facts
Total Finished SqFt29,336 SqFtAbove Grade Finished SqFt29,336 SqFtLot Size28,310 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN4254-024-034

Schools near 3369 Overland 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 - 6 to 12
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Magnolia Science Academy 4 School
Charter6 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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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 Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

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.