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Sold for $1,299,998
  • Listed by: RE/MAX of Santa Clarita • Michael Ascione • Contact: 661-255-2650
    Bought with: Millennium Group Realty
    $1,299,998

    3516 Arroyo Seco Ave, Los Angeles, CA 90065

    44beds
    24baths
    4,686sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $1,367,400 Zestimate®
    $277/sqft
    $2,649 Estimated rent

    Home value

    $1,367,400

    $1.20M - $1.56M

    $2,649/mo

    Zestimate® history
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    What's special

    Front main houseArt studiosGreater cypress park neighborhoodCypress parkHeritage squareCypress park lifestyleDiverse recreational options
    This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property. The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom. Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants. Do not let this opportunity pass you by. Seize the chance to invest in the Cypress Park lifestyle. Contact us today to grasp this prime opportunity within the Cypress Park community!

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Ascione DRE #01966195 661-231-5794,

    RE/MAX of Santa Clarita,

    David Rendall DRE #01305330 661-702-4550,

    RE/MAX Gateway

    Bought with:

    Andy Hsieh, DRE #01943789

    Millennium Group Realty

    Source: CRMLS,MLS#: SR23165151MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 44
    • Bathrooms: 24
    Heating
    • Central
    Appliances
    • Laundry: In Garage
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,686
    • Total interior livable area: 4,686 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage
    • Garage spaces: 2
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 2
    • Pool features: None
    Lot
    • Size: 8,193 Square Feet
    • Features: Front Yard, Garden, Landscaped, Near Public Transit, Street Level
    Details
    • Parcel number: 5446023014
    • Zoning: LARD2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks, Urban
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $277/sqft
    • Tax assessed value: $1,325,997
    • Annual tax amount: $16,528
    • Date on market: 9/3/2023
    • Cumulative days on market: 204 days
    • Listing terms: Cash,Cash to New Loan,Cal Vet Loan,1031 Exchange

    Price history

    DateEventPrice
    5/8/2024Sold$1,299,998-6.8%$277/sqft
    Source: CRMLS #SR23165151 Report a problem
    5/7/2024Pending sale$1,395,000$298/sqft
    Source: CRMLS #SR23165151 Report a problem
    3/25/2024Contingent$1,395,000$298/sqft
    Source: CRMLS #SR23165151 Report a problem
    3/18/2024Listed for sale$1,395,000$298/sqft
    Source: CRMLS #SR23165151 Report a problem
    2/29/2024Contingent$1,395,000$298/sqft
    Source: CRMLS #SR23165151 Report a problem
    9/29/2023Price change$1,395,000-3.8%$298/sqft
    Source: CRMLS #SR23165151 Report a problem
    9/4/2023Listed for sale$1,450,000$309/sqft
    Source: CRMLS #SR23165151 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,528 +417.5%$1,325,997 +524.3%
    2024$3,194 +1.6%$212,405 +2%
    2023$3,143 +4.1%$208,241 +2%
    2022$3,018 +2.1%$204,159 +2%
    2021$2,955 -0.6%$200,157 +1%
    2020$2,972 $198,105 +2%
    2019$2,972 +9.4%$194,222 +2%
    2018$2,717 $190,415 +2%
    2017$2,717 +2%$186,683 +2%
    2016$2,664 +4.6%$183,023 +1.5%
    2015$2,548 -0.1%$180,275 +2%
    2014$2,550 $176,745 +16.9%
    2011-- $151,229 +0.8%
    2010-- $150,100 -0.2%
    2009-- $150,457 +4%
    2007-- $144,617 +2%
    2006-- $141,782
    2005-- $141,782 +4%
    2004-- $136,278 +1.9%
    2003-- $133,781 +2%
    2002-- $131,159 +4%
    2000-- $126,068
    Find assessor info on the county website

    Neighborhood: Cypress Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,367,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,367,400