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3018 9th Ave, Los Angeles, CA 90018
$1,350,000
3018 9th Ave, Los Angeles, CA 90018View this property at 3018 9th Ave, Los Angeles, CA 90018
3018 9th AveLos AngelesCA90018
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Property Description
LOW LOW RENTS. 2 UNITS VACANT & 1 MORE IN PROCESS OF EVICTION. This remarkable and distinctive real estate offering at 3018 9th Ave, located in the heart of Mid City, Los Angeles. This unique property encompasses three separate structures designed in an elegant garden-style, with the two front structures each housing three units, while the rear structure currently stands vacant and contains two units. All units are conveniently single-story, providing tenants with ease of access.Each of the eight units in this complex features a functional 1 bedroom and 1 bathroom layout, striking a perfect balance between space and privacy for residents. Notably, one of the vacant units in the rear structure has been recently renovated, boasting updated bathrooms, kitchens, and appliances, making it an appealing option for prospective tenants.Moreover, the units include washer/dryer hookups, adding to their desirability and convenience. Additionally, the property encompasses an underutilized detached garage with eight single-car parking spots. While presently used for tenant storage, this space holds great potential for conversion into an Accessory Dwelling Unit (ADU), which could significantly enhance your return on investment (Buyer to Verify).With a generous 4,524 sq. ft. of interior space situated on a spacious 10,789 sq. ft. lot, this property not only exudes visual charm but also serves as a robust income generator. Currently, two units are vacant, providing an immediate opportunity for increased rental income. Furthermore, there exists a substantial 46% rental upside, waiting to be realized, which promises an exceptional chance to maximize your return on investment.The financial track record of 3018 9th Ave speaks to its ability to generate strong cash flow, making it an attractive addition to your investment portfolio. This property stands as a strategically positioned asset in the thriving Mid City real estate market, making it an enticing prospect for seasoned investors seeking a reliable source of income and newcomers looking to enter the market. Please do not disturb any of the tenants. All showings will be subject to an accepted offer.
Full Property Details
Full Property Details for 3018 9th Ave
General
- Sold For: $1,350,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-330143
- Added to Site: 221 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: Stall(s), Accessory Bldgs
Parking
- Garage Description: Carport Detached
Location
- Area: Mid Los Angeles
- County: Los Angeles
- Driving Directions: Jefferson Blvd & Crenshaw Blvd Major Cross Streets.
Heating & Cooling
- Cooling Type: Wall/Window
- Heating Type: Wall
Structural Information
- # Buildings: 3
- Architectural Style: Low Rise
- Stories/Levels: 1
- Square Feet: 4,524
- Sq. Ft. Source: Title Company
- Year Built: 1947
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Stall(s), Accessory Bldgs
Lot Features
- Property View: Courtyard
- Lot Size (Acres): 0.2473
- Lot Size: 10789
- Lot Size Source: Assessor
- Zoning: LARD3
Financial Considerations
- Price Per Sq. Ft.: $330.46
- Assessment Year: 1947
- Owner Pays: Water
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5051-036-041
Listed and Sold by RE/MAX One, Chase Simonton and RE/MAX One, Robert Carlile
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Schools
Schools serving 3018 9th Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3109 6th Ave, Los Angeles, CA 90018 | K-5 | 0.2 mi | |
4066 W Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 1.1 mi | |
3537 Farmdale Ave, Los Angeles, CA 90016 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3018 9th Ave
Date
Details
Price
Change
Source
6/03/2024
Sold
$1,350,000
-9.7%
MLS
12/06/2023
Price Reduced
$1,495,000
-8%
MLS
11/08/2023
Listed
$1,625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3018 9th Ave, Los Angeles, CA 90018 (MLS# 23-330143) is a Multi-Family property that was sold at $1,350,000 on June 03, 2024. Want to learn more about 3018 9th Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.