3810 West 1st Street

Los Angeles, CA 90004

$925,000
Last Sold Price
10
Beds
6
Baths
7,761 Sq. Ft.
$119 / Sq. Ft.
7,761
Sq. Ft.
$119
per Sq. Ft.

Description

This incredible 6 units is a 7,761 square foot multi-family home on a 8,549 square foot lot with 10 bedrooms and 6 bathrooms. This apartment community was built in 1923 and has 2 stories. Zone R3- please follow the TOC guidelines attached in the supplement, in the Opportunity Zone. Excellent opportunity for developer and/or investor. Adjacent Mid-Wilshire neighborhood. The property is in the heart of Koreatown neighborhood in Los Angeles. Easy access to surrounding areas including Larchmont Village,...This incredible 6 units is a 7,761 square foot multi-family home on a 8,549 square foot lot with 10 bedrooms and 6 bathrooms. This apartment community was built in 1923 and has 2 stories. Zone R3- please follow the TOC guidelines attached in the supplement, in the Opportunity Zone. Excellent opportunity for developer and/or investor. Adjacent Mid-Wilshire neighborhood. The property is in the heart of Koreatown neighborhood in Los Angeles. Easy access to surrounding areas including Larchmont Village, Country Club Park, Miracle Mile, Koreatown, Hollywood, Downtown, Chinatown. Additionally, the building is conveniently located near the 110, 101 and 10 Freeways. It is one of the most popular sections of LA. This submarket has been on the rise for years as more and more luxury developments pour into the area pushing a high occupancy rate in the last decade. Koreatown is a thriving market with many new developments taking place and a strong demand for housing in the area. This building is an attractive investment, in a prime location. This property has 2 addresses 3810 W. 1st St and 101 S. Catalina St on a corner lot. 1 unit to be delivered vacant at closing.
  1. Listed by Amy Wang • DRE #01349731 • Brokerage DRE #01121690 • Coldwell Banker George Realty • 626-625-5575

Property Details for 3810 West 1st Street

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7761

Location

Listing Courtesy of Coldwell Banker George Realty, Amy Wang, DRE #01349731

Sold By Coldwell Banker George Realty, Amy Wang, DRE #01349731

Add your commute
LISTING UPDATED: 04/02/2024 06:01 AM

Property Details for 3810 West 1st Street

StatusClosed
MLS #AR23174767
Days on Market123
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker George Realty, Amy Wang, DRE #01349731

Sold By Coldwell Banker George Realty, Amy Wang, DRE #01349731

Add your commute

Building Information for 3810 West 1st Street

Building/Complex3810 W 1st StFloor-Stories2Residences-Pet Policy-Year Built1923Building Size-

Payment Calculator

$5,308 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$260

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3810 West 1st Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $46,770
  • Gross Scheduled Income: $48,216
  • Vacancy Allowance: 1446
  • Gross Operating Income: $48,216
  • Net Operating Income: $17,671
  • Cap Rate: 1.41
  • Current Financing: None
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $43,350
  • New Taxes Expense: $15,625
  • Fuel Expense: $0
  • Licenses Expense: $492
  • Electric Expense: $0
  • Insurance Expense: $5,165
  • Maintenance Expense: $1,155
  • Professional Management Expense: $0
  • Trash Expense: $3,533
  • Water Sewer Expense: $3,129
  • Total Expenses: $29,099
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 2113.20
  • CFD/Mello-Roos Fee: $1,386
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: None
  • Laundry: No
  • Laundry Features: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
Exterior Features
  • Roof: Flat, Spanish Tile
  • Entry Location: Ground
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Miscellaneous: Value in Land
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 6500-9999, Value In Land
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: Alley
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Assigned, Garage - 1 Car
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage - Single Door
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $606
  • Unit Type Total Rent: $606
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $554
  • Unit Type Total Rent: $554
  • Unit Type Pro Forma: 0
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $700
  • Unit Type Total Rent: $700
  • Unit Type Pro Forma: 0
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $708
  • Unit Type Total Rent: $708
  • Unit Type Pro Forma: 0
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 0
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 3810 West 1st 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 3810 West 1st Street

Taxable ValueLand$77,968Additions$65,955Total$143,923
Tax Record2023$3,120 ($260 / month)
Home Facts
Total Finished SqFt7,761 SqFtAbove Grade Finished SqFt7,761 SqFtLot Size8,549 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR3CountyLOS ANGELESAPN5518-020-001

Schools near 3810 West 1st Street

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
Public - 9 to 12
Rating
School
Distance
Frank Del Olmo Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex 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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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 Coldwell Banker George Realty, Amy Wang, DRE #01349731

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.