$1,275,000 Price Analysis   ♡   Los Angeles, CA 90018 4 bed 4 bath 2,274 SqFt ($560/SqFt) 6,294SqFt lot. Built 1941 Listed 2024-01-31, Taxes $8,783 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
3513 S Bronson Ave is a highly desirable 4-Plex accompanied with ready to issue permits to add 2 new units.
This 4+2 unit building is locat ed in the highly sought-after market in Crenshaw with plenty of upside for an investor looking to increase the value. This value add apartment building is located in the 90018 zip code in Los Angeles. With RTI plans for 2 ADU units, the property would operate at a 5.37% CAP and 12.35 GRM. The subject property has a unit mix of (4) 1-Bed/1-Bath units with plans in place for (1) 1-Bed/1-Bath and (1) Studio, totaling 6 units after construction.
The potential of this building reaches above a 9.60% Cap rate and a GRM of 8.00. All units have their own electric and gas meters. This property offers the rre opportunity to lock in a 30- year fixed residential loan while having 6 units on site. This property is adjacent to Baldwin Village and Leimert Park in a rapidly growing submarket of Los Angeles. With easy access to the 10 Freeway, the property is a 20-minute drive to UCLA and 10 minutes to USC, truly a central hub of Los Angeles. THE SF REFLECTED REPRESENTS THE ADU CONVERSION
Presented by Nathan Bishop at
Avenue 8, Inc.
Property MLS #24-348759 from TheMLSCLAW
Full Bathrooms: 4
Parking Total: 4
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6294
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1795, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1795, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1795, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1795, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1795, 6 BathsTotal: 1, 6 SquareFeet: 1395
County: Los Angeles
Directions: Use Navigation, Take San Vicente Blvd, slight left turn onto Venice Blvd, Turn right onto Crenshaw Blvd, left onto 36th st, turn left onto s Bronson Ave, destination on left.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5044-004-020
Postal Code Plus 4: 3636
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $255,000 + $459,000 $714,000 | $8,783 |
| 2021 | $27,603 + $26,017 $53,620 | $1,071 |
| 2020 | $27,320 + $25,751 $53,071 | $1,075 |
| 2019 | $26,785 + $25,247 $52,032 | $1,049 |
| 2018 | $26,260 + $24,752 $51,012 | $951 |
| 2017 | $25,746 + $24,267 $50,013 | $938 |
| 2016 | $25,242 + $23,792 $49,034 | $892 |
| 2015 | $24,863 + $23,435 $48,298 | $883 |
| 2014 | $24,376 + $22,976 $47,352 | $917 |
| 2013 | $24,266 + $22,873 $47,139 | $911 |
| 2012 | $23,791 + $22,425 $46,216 | $922 |
| 2010 | $23,325 + $21,986 $45,311 | $926 |
| 2009 | $23,207 + $21,874 $45,081 | $893 |
| 2009 | $23,151 + $21,822 $44,973 | $893 |
| 2008 | $22,752 + $21,446 $44,198 | $869 |
| 2007 | $22,306 + $21,026 $43,332 | $837 |
$1,275,000
TheMLSCLAW
Listing removed 2024-04-26
$0
TheMLSCLAW
Listed 2024-01-31
$1,275,000
TheMLSCLAW
Sold 2022-07-05
$1,010,000
CRMLS
Sold 2021-04-09
$700,000
CRMLS
Year Built: 1941
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 83
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.