StatusAccepting Backup Offers (Active Under Contract)
About 1913 W 3rd St
We are proud to present The Victorian on 3rd, an amazing multifamily opportunity located at 1901 & 1913 West 3rd Street in The City of Los Angeles, California. This unique apartment complex is comprised of *41 highly improved apartment units in two separate and distinct two-story buildings, and the addition of (1) One-Bedroom + One-Bath detached home. The buildings are constructed of wood frame with a flat/pitched roof and stucco exterior as well as wood siding. Development for each of the buildings was completed in 1942 & 1923 respectively and encompassing a total of **±21,692 building square feet situated on two separate parcels totaling ±20,283 square feet offering a zoning of LAC2 which could be beneficial for future development. *(34) Singles + One Bath Units *(6) One-Bedroom + One-Bath Units *(1) One-Bedroom + One-Bath Detached Unit * Total unit count differs from title and was provided by Seller and is believed to be the correct legal unit count. Buyer to verify. ** Total building square footage differs from title and was provided by Seller and said to be a correct accounting of all improvement square footage including basement. Buyer to verify. *** Currently there are ±21 parking spaces with the potential to add an additional ±3 spaces. Buyer to verify. PROPERTY HIGHLIGHTS + Attractive value metrics of 6.04% Cap Rate | 9.75 GRM | $153,659 CPU + Excellent leverage quoted with attractive interest only financing + Solid day-1 cash flow and additional rental upside potential + Ratio Utility Billing System (RUBS) in place for many units + Major electrical and unit upgrades + Individually metered for gas and electric + Upgraded fire suppression system including hard-wired smoke detectors + 50% plus of the units tastefully remodeled + Complete unit appliance package of gas range, fridge, dishwasher & microwave + Two adjacent buildings & lots on a signalized corner + Separate APNs for each property & zoned LAC2 totaling +/-20,283 sq. ft. of land + Great candidate to capitalize on newly approved Section 8 housing voucher increases + Controlled intercom access and CCTV monitoring + On-site gated parking for 24 cars & 2 separate laundry rooms + Beautifully maintained and clean property
Property Details
Property Features
Property Information:
Year Built: 1923
Stories: 2
Listing Office:
Office Name: Keller Williams Realty Calabasas
Office Phone: (866) 582-7865
Listing Agent: Raymond Rodriguez
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Gated
Virtual/3D Tour
3D Tour: 1913 W 3rd St
3D Tour
Lot Features
Lot Information:
Lot Size: 0.47 Acres
School Info
Assigned Schools Information:
Belmont Senior High School, Public District Grades 9-12
Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
Contreras Learning Center-School of Social Justice, Public District Grades 9-12
Sal Castro Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Union Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: 1913 W. 3rd St, Los Angeles, CA 90057
Price Information
Listing Price Info
Price Summary:
List Price: $6,300,000
Tax Information:
Annual Amount: $8,770
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $5.3M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24000632
Listing Office:
Office Name: Keller Williams Realty Calabasas
Office Phone: (866) 582-7865
Listing Agent: Raymond Rodriguez
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 9:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 16, 1999
Dec 16, 1999Home Sold
$610,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,770
$680,619
2020
$8,522
$672,532
2019
$8,304
$659,346
2018
$8,009
$646,419
2017
$8,009
$633,745
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$31.5K
Per Month
Principal & Interest
$31.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$18.9K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Union Avenue Elementary School
150 S Burlington Ave
Distance between this listing and this school0.18 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.55 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.09 miles
Public Magnet Grades 1-5
Middle School
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.33 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.50 miles
Public District Grades 6-8
High School
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school0.33 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.63 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.63 miles
Public District Grades 9-12
Assigned Schools
4
/10
Union Avenue Elementary School
150 S Burlington Ave
Distance between this listing and this school0.18 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.55 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school23.09 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.33 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.50 miles
Public District Grades 6-8
Nearby Schools
6
/10
Camino Nuevo Charter Academy
635 S Burlington Ave
Distance between this listing and this school0.38 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school0.33 miles
Public District Grades 9-12
1
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school0.63 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-School of Social Justice
322 Lucas Ave
Distance between this listing and this school0.63 miles
The neighbors living near this home have an average income of $20,649. Residents of Los Angeles, CA typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1913 W 3rd St
What is the listing price of this property?
The listing price of 1913 W 3rd St property is $6,300,000.
What type of property is this?
The property 1913 W 3rd St is a condo located in Los Angeles, California, 90057.
Is this property for sale now?
Accepting Backup Offers: 1913 W 3rd St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 1913 W 3rd St are: Union Avenue Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Sal Castro Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Belmont Senior High School: GreatSchools Rating 2/10Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10Contreras Learning Center-School of Social Justice: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $8,770 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 16, 1999 for $610,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1913 W 3rd St is 1923.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1913 W 3rd St in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This home, which was built in 1923, sits on a 0.47 acre lot. It has been listed on Rocket Homes since January 04, 2024 and is currently priced at $6,300,000.
Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. In March 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $975,970.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Pro Boxing
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
H&M
Foot Locker
Burlington
Boston Market
Little Caesars
White Castle
Honda
Dodge
Kia
Rhythmic Contemporary Hits
Urban Adult Contemporary