3823 Wisconsin Street

Los Angeles, CA 90037

$1,870,000
Last Sold Price
15
Beds
8
Baths
5,508 Sq. Ft.
$340 / Sq. Ft.
5,508
Sq. Ft.
$340
per Sq. Ft.

Description

This charming 8 units in the Mid-Century modern style has it all with a Prime location in the shadows of USC and the Lucas Museum, and 100% upside in current rents. The unit mix is ideal with (7) 2BR/1BA and (1) 1BR/1BA units. The owners have meticulously maintained the property since 1989 and are ready to move on. The plumbing is copper, there is a new electric motor on security gate and updated vinyl windows and stairwell. The seismic retrofit work was completed in back and there is parking for...This charming 8 units in the Mid-Century modern style has it all with a Prime location in the shadows of USC and the Lucas Museum, and 100% upside in current rents. The unit mix is ideal with (7) 2BR/1BA and (1) 1BR/1BA units. The owners have meticulously maintained the property since 1989 and are ready to move on. The plumbing is copper, there is a new electric motor on security gate and updated vinyl windows and stairwell. The seismic retrofit work was completed in back and there is parking for 8 with the possibility to add more parking, or an ADU. The potential for development is obvious with its premier location and desirable zoning of LAr3 and TOC Tier 4 designation. Development could conceptually generate 18 units "By Right" (check with city). Call now and make this your investment opportunity for the future.
  1. Listed by Keith Moret • DRE #01802527 • Brokerage DRE #01407700 • Keller Williams Beach Cities

Property Details for 3823 Wisconsin Street

Zoning
LAR3
Parcel Number
5037017009
Total Units
8.0
Living Area
5508
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
5%
Lot Size Area
8022

Location

Listing Courtesy of Keller Williams Beach Cities, Keith Moret, DRE #01802527

Sold By RE/MAX Alliance Group, Noe Blanco, DRE #01787137; RE/MAX Alliance Group, Daria Cernavskis, DRE #02086946

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LISTING UPDATED: 08/01/2022 11:16 AM

Property Details for 3823 Wisconsin Street

StatusSold
MLS #22-147229
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.18 AC / 8,022 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beach Cities, Keith Moret, DRE #01802527

Sold By RE/MAX Alliance Group, Noe Blanco, DRE #01787137; RE/MAX Alliance Group, Daria Cernavskis, DRE #02086946

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Building Information for 3823 Wisconsin Street

Stories2Residences-Year Built1961Building Size-Lot Size0.18 AC / 8,022 SF

Payment Calculator

$12,189 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,205

Property Taxes

$1,984

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3823 Wisconsin Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • Security Features: Automatic Gate
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $109,839
  • Net Operating Income: $63,650.00
  • Gross Income: $115,620
  • Cap Rate: 3.02%
  • Gross Rent Multiplier: $18.25
  • Actual Annual Gross Rent: $115,620.00
  • Actual Gross Annual Income: $115,620
  • Financial Info as Of: 04/01/2022
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 46489
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1842
  • Lot Size Square Feet: 8022
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling Type: Window Unit(s)
  • Heating Type: Wall Gas
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-18-2022
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $835.00
  • Unit Actual Rent: $835.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,215.00
  • Unit Actual Rent: $1,215.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $711.00
  • Unit Actual Rent: $711.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,239.00
  • Unit Actual Rent: $1,239.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,785.00
  • Unit Actual Rent: $1,785.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Number of Disposal: 8
  • Number of Electric Meters: 8
  • Number of Gas Meters: 8
  • Number Range: 8
  • Number Refrigerator: 8
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $260,381.00
  • Assessed Improvement Percent: 47.96
  • Assessed Land Value: $282,571.00
  • Assessed Land Percent: 52.04
  • Assessed Total Value: $542,952.00

Property History for 3823 Wisconsin 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 3823 Wisconsin Street

Taxable ValueLand$1,100,000Additions$772,000Total$1,872,000
Tax Record2023$23,805 ($1,984 / month)
Home Facts
Total Finished SqFt5,508 SqFtAbove Grade Finished SqFt5,508 SqFtLot Size8,022 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN5037-017-009

Schools near 3823 Wisconsin Street

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

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 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 Keller Williams Beach Cities, Keith Moret, DRE #01802527

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.