3002 Farmdale Ave

House in West Adams
Active

3002 Farmdale Avenue, Los Angeles, CA 90016

$1,288,000
 for Sale at 3002 Farmdale Avenue, Los Angeles, CA 90016

36

 for Sale at 3002 Farmdale Avenue, Los Angeles, CA 90016
 for Sale at 3002 Farmdale Avenue, Los Angeles, CA 90016
 for Sale at 3002 Farmdale Avenue, Los Angeles, CA 90016
$1,288,000
3
Beds
2.5
Baths
1
Half Bath
1,544
Ft²
$834
$/ft²
0.09
Acres
Cap Rate
Est. Monthly
Cap Rate
Est. Monthly
$6,324
1929 Spanish gem with ADU in the heart of prime West Adams! Enter into a character detailed sunken living room, vaulted coved ceilings, light floors lead to delightful character touches. Living room with handsome fireplace and arched picture window. Throughout the home there is LED recess lighting, rich flooring, a stunning open-concept kitchen. Duel primary bedrooms along with a powder room for guest. Walking distance to the Farmdale metro station as well minutes from tons of local favorites like Miziala, Alta, Cento Pasta Bar and much more. This house has it all. The timeless beauty of a Spanish, modern upgrades and conveniently located. A must see!

The manager has listed the unit size as 1544...

LISTING AGENT

Franca PorrasSotheby's International Realty[email protected]

Building Info

Overview

This property was built in 1929.

General

  • Year Built

    1929
  • Actual Year Built

    1929
  • Total Rooms

    6.00
  • Bedroom Count

    2
  • Bathroom Count

    1.00
  • Full Bathrooms

    1.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    0
  • Building Quality

    9
  • Construction Type

    6
  • Building Style

    12
  • Exterior Walls Type

    12
  • Interior Walls Type

    0
  • Roof Shape Type

    6
  • Roof Cover Type

    16
  • Floor Count

    1
  • Living Units

    1.00
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    0
  • Basement Type

    0
  • Basement Area

    0.00
  • Garage Type

    4
  • Garage Square Area

    0.00
  • Parking Space Count

    2.00
  • Patio Type

    0
  • Porch Type

    0
  • Pool Type

    0

Dimensions

  • Lot Size Square Feet

    3,781
  • Lot Size Depth Feet

    800
  • Lot Size Frontage Feet

    470
  • Total Building Area

    1,220
  • Gross Building Area

    0.00
  • Building Area

    1,220
  • Building Area Source

    L

Heating

  • Fireplace Count

    1.00
  • Air Conditioning Type

    0
  • Heat Code

    6
  • Heated Square Feet

    1,220
  • Heating Fuel Type

    0

Codes

  • Sewer System

    0
  • Water Service Type

    2

Building

Building codes and types
  • Building Type

    0
  • Property Class ID

    R
  • Land Acres

    0.087
  • Standard Land Use Code

    1001
  • County Land Use Code

    0100
  • Legal Description 1

    TRACT NO 7030 W 80 FT OF LOT 55

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Los Angeles Unified School District
  • Census Tract

    220000

Zoning

The zoning code for this property is LAR1.
  • Zoning

    LAR1

Geography

The property is located in zip code 90016.
  • Subdivision Tract Number

    7030
  • Parcel

    5057-022-004
  • Block

  • Lot

    55
  • Latitude

    34.0274
  • Longitude

    -118.346

Address

  • Full Address

    3002 Farmdale Ave
  • Address - House Number

    3002
  • Address - Street Name

    Farmdale
  • Address - Suffix Type

    Ave
  • State

    CA
  • City Name

    Los Angeles
  • Carrier Code

    C023
  • 4-Digit Zip Code

    4031
  • Zip Code

    90016

Valuation

The assessed value of this property is $522,947.
  • Timestamp

    Jun 21, 2021
  • UCID Flag

    U
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2020
  • Tax Amount

    $10,627
  • Tax Rate Code Area

    0-067

Open Liens

  • Total Open Liens

    2
  • Total Open Liens Amount

    $950,000

Market Valuation

  • Market Total Value

    $0
  • Market Land Value

    $0
  • Market Improvement Value

    $0

Appraisal Valuation

  • Valuation Date

    Jun 16, 2021
  • Confidence Score

    96
  • Final Value

    829,203
  • High Value

    883,333
  • Low Value

    775,073

Assessments Valuation

  • Assessed Year

    2020
  • Assessed Total Value

    $522,947
  • Assessed Land Value

    $401,097
  • Assessed Improvements Value

    $121,850

Exemptions

  • Homeowner Exemption Flag

    T

Sales

  • Current Sale Contract Date

    20210427
  • Current Sale Recording Date

    20210526
  • Current Sale Transaction ID

    11836253338
  • Current Sales Price

    $852,000
  • Current Sale Document Type

    36
  • Current Sale Input Document Number

    21-0843887
  • Sale Date

    20050118
  • Previous Sale Contract Date

    20041104
  • Previous Sale Type of Sales Price

    16
  • Sale Amount

    $408,000
  • Previous Sale Document Type

    40

Mortgages

  • First Current Mortgage Lender

    CENTER STREET LENDING VIII SPE
  • First Current Mortgage Transaction Date

    20210526
  • First Current Mortgage Loan Amount

    $800,000
  • First Current Mortgage Terms

    360
  • First Current Mortgage Loan Type

    21
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    CENTER STREET LENDING VIII SPE
  • First Open Lien Mortgage Recording Date

    20210526
  • First Open Lien Mortgage Loan Amount

    $800,000
  • First Open Lien Mortgage Term

    360
  • First Open Lien Mortgage Position

    1
  • First Open Lien Mortgage Loan Type

    21
  • Second Open Lien Mortgage Lender

    LIGHTHOUSE HUMAN RESOURCES INC
  • Second Open Lien Mortgage Recording Date

    20210611
  • Second Open Lien Mortgage Loan Amount

    $150,000
  • Second Open Lien Mortgage Term

    360
  • Second Open Lien Mortgage Position

    2
  • Second Open Lien Mortgage Loan Type

    27
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Lender

    DECISION ONE MORTGAGE COMPANY
  • Previous Mortgage Transaction Date

    20050118
  • Previous Mortgage Financing Type

    FIX
  • Previous Mortgage Loan Amount

    $326,400
  • Previous Mortgage Term

    360
  • Previous Mortgage Loan Type

    22
  • Previous Mortgage Loan Due Date

    20350201

Building Features

Parking

CarportOn-Street ParkingGarage Parking

Driveway

Driveway

Home Features

Appliances

MicrowaveRange

HVAC

Central A/CFurnace

Ownership

Previous Owner

Rodriguez Olga

Price History

Date/EventEventPrice
Mar 20, 2023 Listed by sotheby's international realtyListed by sotheby's international realty$1,288,000
Oct 6, 2021 No longer availableNo longer available-
May 26, 2021 SoldSold$852,000
Mar 8, 2021 In contractIn contract-
Feb 18, 2021 ListedListed$850,500
Oct 18, 2020 No longer availableNo longer available-
Sep 16, 2020 RelistedRelisted$850,000
Sep 13, 2020 In contractIn contract-
Aug 20, 2020 ListedListed$885,000
Jun 17, 2020 No longer availableNo longer available-
Mar 8, 2020 RelistedRelisted$885,000
Dec 22, 2019 No longer availableNo longer available-
Dec 13, 2019 ListedListed$899,500

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$56,388
ExpensesPer Year
$0
Operating ProfitPer Year
$56,388
Cap rate
4.38%

Price Estimate

$1,492,000$1,278,465$1,064,931
20232024202520262027
Current Asking Price

$1,288,000

HopScore Market Price

$1,278,465

The current asking price is $9,534.68 above the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
In Contract
House
3
2
1,768 ft²
$644/ft²
$1,138,000
Active
House
3
2
1,268 ft²
$946/ft²
$1,199,000
Active
House
3
1
1,073 ft²
$978/ft²
$1,049,000
Active
House
2
1
1,459 ft²
$856/ft²
$1,249,000
Active
House
4
2
1,457 ft²
$823/ft²
$1,199,000

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Neighborhood

About West Adams

Stats & Trends

The median asking price in West Adams is $799,900.
  • Median Asking

    $799,900
  • Sale Price/ft²

    $520.75
  • Below Asking

    0.02%
  • Days on Market

    64

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Local assessors in Los Angeles, CA have categorized 3002 Farmdale Avenue as a residential type of property. The home was built in 1929 and is 94 years old. The property's lot size has been calculated to be 3,781 square feet. The linear feet between the front and back of the lot was measured at 800 ft and the front of the lot was measured at 470 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3002 Farmdale Avenue has a total of 1,220 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a flat style roof that was made of roll composition. Lots of stucco were used in the construction of the exterior walls of the home. The home's floor/wall heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Apr 27, 2021 for $852,000. That's $698.36 per sqft. Prior to that sales transaction, the property was also sold in Nov 4, 2004 for $408,000. 3002 Farmdale Avenue was last assessed in 2020. The total value of the property was assessed at $522,947. Specifically, the land the property is located on was valued at $401,097. While improvements on the property were assessed at a total of $121,850. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $10,627. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

3002 Farmdale Avenue, Los Angeles, CA 90016


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