Multifamily

$3,499,000

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2966 Clarendon Avenue

  • – beds
  • – baths
  • – sqft
  • 15,868 sqft lot
  • 1964 build
  • on site

Las Lomas Apartments is exceptionally well located in the heart of Los Angeles between the 110, 710, 5, and 10 freeways, only 15 minutes from downtown LA. Due to the property's close proximity to major employment hubs of Southern California, the apartments have enjoyed historically low tenant turnover and have had no spells of vacancy even during COVID shut downs. In addition, the property commands the highest rents in its submarket. Las Lomas is close to grocery stores, the Civic Center, schools, major freeways, and high quality jobs. This sort of convenience is usually associated with the hustle and bustle of the city, however to the contrary, Clarendon Ave. is a quiet street in a residential neighborhood consisting of primarily single family homes. The management has built a community of quiet, respectful and responsible residents. The current management has invested over $250,000 into improvements, and fully renovated most of the units and areas of the property. An additional $80,000 was spent converting a large portion of the property's plumbing from galvanized piping to copper and abs. Furthermore, management has spent $7,000 rewiring the electrical. On-Site Manager of 25 years! On-Site Maintenance Person who has done all the construction and maintenance for the last 6 years! This is a perfect opportunity to acquire a well-maintained asset that can continue to develop its upside and place in its market as a premier housing accommodation for years to come!

CRMLS_CA logo Listing courtesy of CRMLS_CA / Kevin Mitchell / TLC Real Estate Group

Last checked: Checking… • Last updated May 5, 2021 •

MLS# ND21068416 —

Amenities & Taxes

The Building

Year Built:
1964
Year Built Source:
Public Records
New Construction:
No
Construction Materials:
Concrete, Drywall Walls, Frame, Stucco, Wood Siding
Roof:
Composition
Entry Level:
1
Foundation:
Raised, Slab
Accessibility Features:
2+ Access Exits, Doors - Swing In, Parking
Common Walls:
2+ Common Walls
Faces:
North
Building Area Total:
10891.00
Building Area Units:
Square Feet
Number Of Buildings:
3
Total Number Of Units:
18
Stories Total:
2
Number Of Separate Gas Meters:
7
Number Of Separate Water Meters:
1
Number Of Separate Electric Meters:
7

Interior

Levels:
Two
Entry Location:
1
Flooring:
Carpet, Tile, Vinyl, Wood
Laundry:
Common Area, Gas Dryer Hookup, Washer Hookup
Laundry:
1

Location

Directions:
Traveling westbound on Gage, Turn right onto Marconi St., Turn left onto Clarendon Ave., it is the third property on the left.
Latitude:
33.98320100
Longitude:
-118.21599100

The Property

Sub Type:
Apartment
Lot Features:
16-20 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Manual, Value In Land, Yard
Lot Size Area:
15868.0000
Lot Size Acres:
0.3643
Lot Size Square Feet:
15868.00
Fencing:
Block, Chain Link, Security, Stucco Wall, Wood, Wrought Iron
Fence:
Yes
Road Surface Type:
Alley Paved, Paved
Property Attached:
1
Security Features:
Carbon Monoxide Detector(s), Gated Community, Resident Manager, Security Lights, Smoke Detector(s)
Other Structures:
Shed(s)
Additional Parcels:
No
Land Lease:
No

Listing Agent

Contact info:

Taxes

Tax Block:
5
Tax Area:
13483
Tax Year:
2021
Tax Tract:
331.05
Tax Lot:
3, 4
Tax Rate:
1.37

The Listing

Buyer's Brokerage Compensation:
2.000%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2
Parcel Number:
6319004003

Heating & Cooling

Heating:
1
Heating:
Wall Furnace, Natural Gas
Cooling:
Yes
Cooling:
Wall/Window Unit(s)

Utilities

Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:
Public Sewer
Electric:
220 Volts in Laundry, Electricity - On Property
Green Energy Efficient:
Appliances, Lighting, Water Heater
Water Source:
Public

Appliances

Appliances:
Built-In Range, Self Cleaning Oven, Disposal, Gas Oven, Gas Cooktop, Vented Exhaust Fan, Water Heater Central
Included:
Yes

The Community

Senior Community:
No
Features:
Suburban
Pool:
Community, Fenced, Filtered, Gunite, In Ground, Tile
Private Pool:
No
Association:
No
Assessments:
Special Assessments, Buyer to Verify

Parking

Parking:
Assigned, Attached Carport, Detached Carport, Concrete, Garage Faces Front, Garage Faces Rear, Garage - Single Door, Garage - Three Door, Garage - Two Door, Gated, On Site, Street
Parking Spaces:
23.00
Garage Spaces
5.00
Carport Spaces:
18.00

Extra Units

Average 1 Bed Area:
600
Average 2 Bed Area:
775
Average 3 Bed Area:
1816
Average Studio Area:
475
Number With Disposal:
18

Schools

Rating Details

Henry T Gage Middle School

  • Public
  • 6-8
  • 0.2 mi

San Antonio Elementary School

  • Public
  • K-5
  • 0.3 mi

Huntington Park Senior High School

  • Public
  • 9-12
  • 0.3 mi

Linda Esperanza Marquez High School

  • Public
  • 9-12
  • 1.0 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

  • FEMA Zone (est.):
  • Flood insurance:

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This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

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Sale history

Date Event Source Price % Change
5/5/21
Pending CRMLS_CA $3,499,000
4/2/21
Listed / Active CRMLS_CA $3,499,000 68.6% (11.5% / YR)
4/13/15
Sold CRMLS_CA $2,075,000

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