3002 Farmdale Ave
House in West Adams
Active
3002 Farmdale Avenue, Los Angeles, CA 90016

36
Map



$1,288,000
3
Beds
2.5
Baths
1
Half Bath
1,544
Ft²
$834
$/ft²
0.09
Acres
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...
The manager has listed the unit size as 1544...
LISTING AGENT
Franca PorrasSotheby's International Realty[email protected]
Building Info
Building
Building codes and typesNeighborhood
Community district, city council district, police precinct, and more.Zoning
The zoning code for this property is LAR1.Geography
The property is located in zip code 90016.Building Features
Parking
CarportOn-Street ParkingGarage Parking
Driveway
Driveway
Home Features
Appliances
MicrowaveRange
HVAC
Central A/CFurnace
Ownership
Current Owner
Bella Development LlcPrevious Owner
Rodriguez OlgaPrice History
Date/Event | Event | Price |
---|---|---|
Mar 20, 2023 Listed by sotheby's international realty | Listed by sotheby's international realty | $1,288,000 |
Oct 6, 2021 No longer available | No longer available | - |
May 26, 2021 Sold | Sold | $852,000 |
Property Analysis
Cap Rate Analysis
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$56,388ExpensesPer Year
$0Operating 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 | Type | Beds | Baths | ft² 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
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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.
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.