3406 Virginia Rd Los Angeles, CA 90016-4232
Property profile & analytics
3406 Virginia Rd Los Angeles, CA 90016-4232
- Apartment buildings
- 8,342 SF
- 0.17 lot acres
Property ID
US09-8094291
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 3406 Virginia Rd
- Year built
- 1947
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 8,342 SF
- Zone code
- LACM
- Property type
- Apartment buildings
- APN
- 5046-004-036
- APU
- 5046004036
Description
This exceptional 16-unit apartment building presents a compelling investment opportunity in the desirable West Adams neighborhood of Los Angeles, CA. Built in 1947, this two-story, 7,360 square foot building sits on a 7,360 square foot lot (APN: 5046-004-036) and offers a mix of 15 one-bedroom/one-bathroom and one two-bedroom/one-bathroom units, all currently occupied. The property boasts a strong net operating income (NOI) of $188,906, with a pro-forma NOI of $305,606, resulting in a current cap rate of 6.19% and a pro-forma cap rate of 10.02%. The asking price is $3,050,000, translating to $190,625 per unit and $365.25 per square foot of net rentable area (8,342 sq ft). This gated, secure property features attractive landscaping and a courtyard style design with bay windows, enhancing its curb appeal. Its prime location offers easy access to the Expo/Crenshaw K-Line Metro Station, major freeways (-110 & -10), and numerous nearby amenities including restaurants, retail, and entertainment options. The property benefits from its proximity to a newly completed mixed-use development by Charles Company, including ground-floor retail, and is situated in a submarket experiencing high demand, as evidenced by its position in the second highest submarket for 12-month unit absorption according to CoStar. This presents a rare chance to acquire a well-maintained, income-producing asset with significant upside potential in a thriving Los Angeles neighborhood. The permitted zoning is LACM.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,830,000
- ML approach
- $2,775,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,790,000 Current use
- AUTO REPAIR, GARAGE
- $4,535,000 Change: +153% Conversion: Difficult
- OFFICE BUILDING
- $4,185,000 Change: +134% Conversion: Moderate
- RETAIL STORES
- $4,095,000 Change: +129% Conversion: Difficult
- MEDICAL BUILDING
- $3,800,000 Change: +112% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $3,535,000 Change: +97% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $2,785,000 Change: +55% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.339
- Latitude
- 34.0252
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,908
$589,138
$369,976
$959,114
-
$0.00
$0.00
$0.00
