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3130 Arvia Street
Los Angeles, CA 90065
Sold
VERY COMPETITIVE PRICE IMPROVEMENT!! ATTENTION AGENTS & developers - Seller is motivated and ready to entertain your offer!! Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two separate duplexes, all featuring one-bedroom, one-bath units. Every unit is comfortable and comes with its own front porch and rear access. Step outside to find cozy sitting areas and shady trees with paths that lead you around the property. All units are well-maintained, providing residents with a clean and functional living experience. Each unit is also individually metered for gas and electricity, ensuring efficiency in operating costs. The generously sized lot of 10,401 sq ft offers countless possibilities for developers or investors focused on long-term returns. The backyard includes a detached outbuilding that could be converted into additional living space, presenting great potential to increase the property's value (Buyer to verify with the City of LABS for feasibility). These units are located in a high-demand rental area and have significant upside rent potential. Beyond the property, residents can explore the thriving neighborhood with great shops like Golden Poppy Market, Loquat Coffee, or tasty originals like the first-ever King Taco! Nearby is Rio de Los Angeles State Park with easy access to the LA River Bike Path. Whether you're an artist, a food enthusiast, or someone who appreciates a lively community, this property invites you to experience the best of it all. Located close to public transportation, Downtown Los Angeles, and Dodger Stadium. Come envision the untapped potential of this remarkable investment property!
PROPERTY INFORMATION
| MLS # | DW24014239 | Lot Size | 10,401 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,200,000
Price Per SqFt: $ 396 |
DOM | 445 Days |
| Address | 3130 Arvia Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,032 Sq. Ft. |
| Postal Code | 90065 | Garage | N/A |
| County | Los Angeles | Year Built | 1910 |
| Bed / Bath | 6 / 0 | Parking | 3 |
| Built In | 1910 | Status | Closed |
| Sold Date | 2024-10-10 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas & Electric Dryer Hookup, Individual Room, Inside |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Water Heater |
| Has Heating | Yes |
| Heating Information | Floor Furnace, Natural Gas, Wall Furnace |
| Room Information | Jack & Jill, Kitchen, Laundry, Living Room |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Laminate, Tile, Vinyl, Wood |
| InteriorFeatures Information | Copper Plumbing Partial |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Screens |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s) |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Roof | Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block, Chain Link |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,280
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/01/2024 | Active Under Contract | $1,200,000 |
| 07/12/2024 | Price Change | $1,200,000 (-11.11%) |
| 02/14/2024 | Listed | $1,500,000 |
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Listing provided courtesy of Maricruz Veloz, Coldwell Banker George Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
