10 days on rocket

2810 Somerset Dr, Los Angeles, CA, 90016

$1,200,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Baths
4,643 SqFt
$258/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

2810 Somerset Dr, Los Angeles$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned
Garage4 spaces
Year Built1929
HeatingCentral
CoolingWall/Window Unit(s)
ViewCity Lights
MLS #24448595
Lot Size0.14 Acres
StatusActive

About 2810 Somerset Dr

This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1929
  • Stories: 2
  • Living Area: 4,643 SqFt

Listing Office:

  • Office Name: Big Block Platinum
  • Office Phone: (310) 912-7515
  • Listing Agent: Mark King

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Washer
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: City Lights

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Susan Miller Dorsey Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Johnnie Cochran, Jr., Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Virginia Road 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: on S Crenshaw Blvd. Take W Adams Blvd to Somerset Dr...Turn right onto S Crenshaw Blvd....Turn right onto W Adams Blvd...Turn left onto Somerset Dr

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $258/SqFt

Tax Information:

  • Annual Amount: $5,699
  • Tax Year: 2021
House and calculator

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.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

36

# of Sold Homes

1331

2810 Somerset Dr vs Los Angeles

10 DAYS ON ROCKET

-26 Days

$1,200,000

+$187.5K More

$258/SqFt

-$382 Less

KEY TAKEAWAY

This property is $187.5K more than the Median Sold Price and $382/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24448595

Listing Office:

  • Office Name: Big Block Platinum
  • Office Phone: (310) 912-7515
  • Listing Agent: Mark King

IDX 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: 10/22/2024, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 27, 1992Home Sold
$275,000
May 07, 1990Home Sold
$113,636

Tax History

YEARPROP. TAXASSESSMENT
2021$5,699$440,429
2020$5,536$435,914
2019$5,415$427,368
2018$5,306$418,990
2017$5,306$410,775

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

Powered By

Rocket Mortgage

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

school-card-donut-541526
6
/10

  • Virginia Road Elementary School

  • 2925 Virginia Rd

  • 0.24 miles

  • Public District Grades KG-5

school-card-donut-541527
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.73 miles

  • Public Magnet Grades KG-6

school-card-donut-541528
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 20.62 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-541529
3
/10

  • Johnnie Cochran, Jr., Middle School

  • 4066 West Johnnie Cochran Vist

  • 1.00 miles

  • Public District Grades 6-8

school-card-donut-541530
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.69 miles

  • Public District Grades 6-8

High School

school-card-donut-541531
2
/10

  • Susan Miller Dorsey Senior High School

  • 3537 Farmdale Ave

  • 0.76 miles

  • Public Magnet Grades 9-12

school-card-donut-541532
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.18 miles

  • Public Magnet Grades 9-12

school-card-donut-541533
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 14.56 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,500. Typical income of Los Angeles, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2810 Somerset Dr

What is the listing price of this property?

The listing price of 2810 Somerset Dr property is $1,200,000.

What type of property is this?

The property 2810 Somerset Dr is a house located in Los Angeles, California, 90016.

Is this property for sale now?

Active Listing: 2810 Somerset Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2810 Somerset Dr are:
Virginia Road Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Johnnie Cochran, Jr., Middle School: GreatSchools Rating 3/10
Studio: GreatSchools Rating 4/10
Susan Miller Dorsey Senior High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,699 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 27, 1992 for $275,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2810 Somerset Dr has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 2810 Somerset Dr is 4,643 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2810 Somerset Dr is 1929.

Rocket Homes›California›Los Angeles County›Los Angeles›90016›2810 Somerset Dr

This home is located at 2810 Somerset Dr in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This 4,643 square foot home, which was built in 1929, sits on a 0.14 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $1,200,000.

In September 2024 more than 532 listings in Los Angeles, CA were sold above the asking price. During the same period more than 180 listings were sold at asking price, while more than 619 were sold below. Between August 2024 and September 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.6%. While the average time on the market in September 2024 was 36 days, the median list price was $1,012,476.

From Rocket Homes Real Estate and based on county public records data.

More Resources