We are pleased to present a sixteen (16) unit apartment building located at 3406 Virginia Road in Los Angeles, California. The subject property is situated in a prime West Adams location, west of Crenshaw Boulevard and north of W Exposition Boulevard. Built in 1947, this property contains a good unit mix of fifteen (15) one-bedroom / one-bathroom units, and one (1) two-bedroom / one-bathroom unit. All units are currently occupied. This character, courtyard row style asset is gated and secure and features easily maintained landscaping while still having lovely curb appeal. The property is also right next to a nearly completed mixed-use office/retail building by Charles Company which will include a ground floor restaurant. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Highly Likely, Thinkspace Gallery, Harold & Belle's, Cinemark, Baldwin Hills Crenshaw Shopping Mall, and Rancho Cienega Recreation Center. The Expo/Crenshaw K-Line Metro Station is also conveniently located nearby offering residents quick and easy access to major employment hubs throughout Los Angeles. Positioned in an prime West Adams location, this offering presents an exceptional opportunity for an investor to capitalize on a character, asset with solid remaining rental upside potential in a submarket full of high profile new construction projects.
Property Details
Property Features
Property Information:
Year Built: 1947
Stories: 2
Living Area: 8,342 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Jason Tuvia
Interior Features
Interior Information:
Flooring Type: Wood
Bedroom and Bathroom Information:
Total Bedroom Count: 17
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
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: The subject property is situated in a prime West Adams location, west of Crenshaw Boulevard and north of W Exposition Boulevard.
Price Information
Listing Price Info
Price Summary:
List Price: $3,300,000
Price Per SqFt: $396/SqFt
Tax Information:
Annual Amount: $11,952
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.2M more than the Median Sold Price and $244/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: #24456927
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Jason Tuvia
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: 10/27/2024, 12:55:51 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
DATE
EVENT
PRICE
Nov 14, 2014
Nov 14, 2014Home Sold
$814,000
Apr 07, 2000
Apr 07, 2000Home Sold
$350,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,952
$903,797
2020
$11,267
$894,531
2019
$11,155
$876,993
2018
$10,930
$859,798
2017
$10,930
$842,940
History based on county public records data.
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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
6
/10
Virginia Road Elementary School
2925 Virginia Rd
Distance between this listing and this school0.20 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.10 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.71 miles
Public Magnet Grades 1-5
Middle School
3
/10
Johnnie Cochran, Jr., Middle School
4066 West Johnnie Cochran Vist
Distance between this listing and this school1.38 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.03 miles
Public District Grades 6-8
High School
2
/10
Susan Miller Dorsey Senior High School
3537 Farmdale Ave
Distance between this listing and this school0.44 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.33 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school14.78 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Virginia Road Elementary School
2925 Virginia Rd
Distance between this listing and this school0.20 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.10 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school20.71 miles
Public Magnet Grades 1-5
Assigned Schools
3
/10
Johnnie Cochran, Jr., Middle School
4066 West Johnnie Cochran Vist
Distance between this listing and this school1.38 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school8.03 miles
Public District Grades 6-8
Nearby Schools
5
/10
Celerity Nascent Charter
3417 W Jefferson Blvd
Distance between this listing and this school0.34 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Susan Miller Dorsey Senior High School
3537 Farmdale Ave
Distance between this listing and this school0.44 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.33 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school14.78 miles
The neighbors living near this home have an average income of $56,250. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3406 Virginia Rd
What is the listing price of this property?
The listing price of 3406 Virginia Rd property is $3,300,000.
What type of property is this?
The property 3406 Virginia Rd is a house located in Los Angeles, California, 90016.
Is this property for sale now?
Active Listing: 3406 Virginia Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3406 Virginia Rd are: Virginia Road Elementary School: GreatSchools Rating 6/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Johnnie Cochran, Jr., Middle School: GreatSchools Rating 3/10Studio: GreatSchools Rating 4/10Susan Miller Dorsey Senior High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel 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 $11,952 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 14, 2014 for $814,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 3406 Virginia Rd has 17 bedrooms and 16 bathrooms.
What is the square footage of this property?
The property 3406 Virginia Rd is 8,342 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3406 Virginia Rd is 1947.
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This home is located at 3406 Virginia Rd in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This 8,342 square foot home, which was built in 1947, sits on a 0.17 acre lot. Features: 17 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $3,300,000.
While more than 532 listings in Los Angeles, CA in September 2024 were sold above asking price, there were more than 180 listings sold at asking price, and 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%. In September 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $1,012,476.
From Rocket Homes Real Estate and based on county public records data.
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. 
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