$1,350,000 Price Analysis   ♡   Los Angeles, CA 90063 10 bed 6 bath 4,288 SqFt ($314/SqFt) 6,892SqFt lot. Built 1953 Listed 2024-06-20, Taxes $4,238 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
What has been a family compound and cherished sanctuary for several decades now comes to market as your opportunity to own a 4-unit property in East Los Angeles.
* Has Contingent Offer *Located at 3723 East 5th Street in Los Angeles (90063) this property is ripe with opportunity. One of the most compelling features of this opportunity is its exceptional unit mix. At the heart of the apartment complex is the owners unit. The owners unit is a 4-bedroom, 3-bathroom unit designed to accommodate the dynmic needs of a busy household. Yet, another opportunity with the owners unit is the possibility of splitting this home into two units. The existing floopland should be easy to convert into a 3 bed, 1 3/4 bath owners unit and a 1 bedroom, 1 bathroom attached ADU. In addition to the owners unit there are an additional three units that are 2 bedrooms and 1 bathroom each.
Since this property has been used as a family compound for many years 3723 East 5th Street will be delivered with the owners unit and a two bedroom, one bath unit vacant at the close of escrow. The versatile floorplan along with two units delivered vacant at the close of escrow makes it clear that 3723 East 5th Street is offering you the ability to immediately generate market rent regardless of whether you live in one and rent the others or have it be a stand-alone income opportunity. While I am speaking of income opportunities 3723 East 5th Street has a four car garage that will be delivered vacant as well. This is another area of the property where you may be able to generate additional income by rent ing the individual parking spots. Whether 3723 East 5th Street will be your family compound or an addition to your real estate portfolio I invite you to come and see all that this property has to offer you!
Presented by Joe Napoli at
RE MAX Innovations.
Property MLS #CV24105424 from CRMLS
Storage
Unfurnished
Flooring: Tile, Vinyl
Window Features: Screens
Appliances YN: Yes
Laundry Features: Dryer Included, Gas Dryer Hookup, In Garage, Inside, Washer Hookup, Washer Included
Heating Features: Ductless, Wall Furnace
Heating: Yes
Road Frontage Type: City Street
Road Surface Type: Paved
Lot Size Acres: 0.1582185
Lot Size Source: Assessor
Lot Size Square Feet: 6892
Parking Features: Parking YN: Yes, Parking Features: Driveway, Electric Vehicle Charging Station(s), Garage - Two Door, Garage Door Opener, Gated
Parking Total: 8
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 3
Unit-2 Garage Spaces: 4
Gardener Expense: 1200.00
Tenant Pays: Cable TV, Electricity, Telephone
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1700.00
Area: BOYH - Boyle Heights
Source Neighborhood: BOYH - Boyle Heights
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 5238003022
Postal Code Plus 4: 3904
Trash Expense: 960.00
Zoning: LCR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $199,066 + $19,606 $218,672 | $4,238 |
| 2021 | $195,163 + $19,222 $214,385 | $4,174 |
| 2020 | $193,162 + $19,025 $212,187 | $4,189 |
| 2019 | $189,375 + $18,652 $208,027 | $4,073 |
| 2018 | $185,662 + $18,287 $203,949 | $3,794 |
| 2017 | $182,022 + $17,929 $199,951 | $3,730 |
| 2016 | $178,453 + $17,578 $196,031 | $3,621 |
| 2015 | $175,773 + $17,314 $193,087 | $3,574 |
| 2014 | $172,330 + $16,975 $189,305 | $3,583 |
| 2013 | $171,552 + $16,899 $188,451 | $3,558 |
| 2012 | $168,189 + $16,568 $184,757 | $3,561 |
| 2010 | $164,892 + $16,244 $181,136 | $3,471 |
| 2009 | $164,049 + $16,162 $180,211 | $3,352 |
| 2009 | $163,660 + $16,123 $179,783 | $3,352 |
| 2008 | $160,833 + $15,846 $176,679 | $3,232 |
| 2007 | $157,680 + $15,536 $173,216 | $3,109 |
$1,350,000
CRMLS
Sold 1975-02-03
$22,000
Public Record
Year Built: 1953
Building Features: 2
Common Walls: No Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: Ground Floor
Foundation Details: Raised, Slab
Property Age: 71
Property Condition: Repairs Cosmetic
Roof: Composition
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
House Style: Spanish
Year Built Source: Public Records
Sewer: Sewer: Public Sewer, Water Sewer Expense: 840.00
Cable Available
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Water Source: Public
No Interior Steps
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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.