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3227 Federal Ave
Score
0
Los Angeles, CA

3227 Federal Ave

2.4M
3 bd • 2 ba • 1,900 sf

This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$2,351,800

Price/Sq.Ft

$1,238

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Potential Rental Income: With rental rates for 3-bedroom units averaging $3,640 per month, the property offers the potential for generating rental income if it is not immediately occupied by the buyer. • Location in Los Angeles: Situated in Los Angeles, the property benefits from the city's desirable location, diverse neighborhoods, and access to amenities such as schools, parks, shopping, dining, and entertainment. • Potential for Appreciation: Los Angeles has a history of strong real estate appreciation, making this property a potential investment opportunity.

The Bad

• Unknown Build Year: The lack of information about the property's build year makes it difficult to assess its condition and potential maintenance needs. Older homes may require more frequent repairs and upgrades, while newer homes may have fewer immediate issues. • High Price per Square Foot: The property's price per square foot of $1237.79 is high, reflecting the expensive nature of the Los Angeles real estate market. This may deter some buyers who are seeking more affordable options. • Limited Property Details: The absence of detailed property features and room descriptions makes it challenging to assess the property's unique attributes and potential. Buyers may need to conduct further research to gather more information.

The Ugly

• High Purchase Price: The property's high purchase price of $2,351,800 may be a barrier for many buyers, especially first-time homebuyers or those with limited financial resources. • Potential Renovation Costs: Given the prevalence of "fixer-uppers" in the LA market, there is a possibility that the property may require extensive renovations, adding to the overall cost of ownership. • High Closing Costs: Escrow fees, title insurance, and other closing costs can be substantial in LA, adding to the financial burden of purchasing the property.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking a Family Home in a Well-Established Neighborhood: The property's 3-bedroom layout and location in Los Angeles offer a suitable environment for raising a family. The availability of rental rates for 3-bedroom units at $3,640 indicates the potential for rental income if the property is not immediately occupied. • Buyers Seeking a Property with Potential for Appreciation: Situated in Los Angeles, the property benefits from the city's consistent demand and potential for long-term appreciation. • Buyers Comfortable with Renovation Projects: Given the unknown build year and the prevalence of "fixer-uppers" in the LA market, this property may appeal to buyers who are open to undertaking renovations to customize the home to their preferences.

Not For

• Buyers Seeking Newly Constructed or Modern Homes: With the build year unknown, there's a possibility that this property may be older and require updates or renovations that might not align with the preferences of buyers seeking modern amenities and finishes. • Buyers on a Strict Budget: Given the high purchase price of $2,351,800 and the potential for additional expenses related to renovations or maintenance, this property may not be suitable for buyers with limited financial resources. • Buyers Seeking Low-Maintenance Properties: If the property requires significant repairs or renovations, it may not be ideal for buyers who prefer homes that are move-in ready and require minimal upkeep.
Demographics
Area Median Income

$90,983

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jun 14, 2024
Michelle D Tanenbaum, Seiji M LippitMichelle De Love Tanenbaum, Seiji Mizuta Lippit
Intrafamily Transfer
Non-Arm's Length Transactions
$1,540,000Financed
Jul 16, 2014
Benjamin D Levine, Alison F LevineSeiji M Lippit, Michelle D Tanenbaum
Grant Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Sep 10, 2012
Benjamin D Levine, Alison F LevineBenjamin D Levine, Alison F Levine
Intrafamily Transfer
Non-Arm's Length Transactions
$935,000Financed
May 13, 2010
John B Sang, Sandy Kim SangBenjamin D Levine, Alison F Levine
Grant Deed
Standard Sale (Purchase/Resales)
$565,000Financed
Apr 1, 2002
Arthur L SteinJohn B Sang, Sandy Kim Sang
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Apr 20, 2000
Martha F Stein, Arthur L SteinArthur L Stein, Samuel H Stein
Affidavit Of Death
Non-Arm's Length Transactions

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Risk Analysis

• Risk of Unpermitted Work: Given the age of many LA homes and the prevalence of unpermitted additions or renovations, there is a risk that the property may have unpermitted work that could lead to costly repairs or legal issues. • Foundation Issues: Many desirable neighborhoods are located on hillsides, which can present challenges with accessibility, foundation issues, and fire risk. Inspections are crucial. • Natural Disasters: Earthquakes, wildfires, and droughts are realities in Southern California. Understand the risks and ensure adequate insurance coverage.

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Schools

Showing top 5 of 27 schools

Kipp Promesa Prep

CharterGrades K-4
9/10
Elementary
456 students

Culver City High School

PublicGrades 9-12
8/10
High
2,230 students

Clover Avenue Elementary School

PublicGrades K-5
8/10
Elementary
570 students

Mar Vista Elementary School

PublicGrades K-5
8/10
Elementary
577 students

Santa Monica High School

PublicGrades 9-12
8/10
High
2,857 students

Financials

Monthly Costs
Market Rent (3 bed)

$3,640

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$2,351,800
Price/sqft
$1,238
Layout
3 bd2 ba

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,782,500

31.9%

Your price is 31.9% above average

Median Price

$1,750,000

34.4%

Based on 6 recent sales

Price per Sq.Ft

$986

25.5%

Your price is 25.5% above average $/sqft

Comparable Properties

12210 Malone St, Los Angeles, CA 90066
Price: $2,400,000
Sq.Ft: 1,698
Beds/Baths: 3/2
$/Sq.Ft:
$1,41314.2%
Sale Date: 1/11/2025
3165 Purdue Avenue, Los Angeles, CA 90066
Price: $1,975,000
Sq.Ft: 1,925
Beds/Baths: 3/2
$/Sq.Ft:
$1,02617.1%
Sale Date: 11/22/2024
3170 Corinth Ave, Los Angeles, CA 90066
Price: $1,520,000
Sq.Ft: 1,814
Beds/Baths: 3/2
$/Sq.Ft:
$83832.3%
Sale Date: 11/14/2024
3444 Redwood Ave, Los Angeles, CA 90066
Price: $1,570,000
Sq.Ft: 1,672
Beds/Baths: 4/2
$/Sq.Ft:
$93924.1%
Sale Date: 11/1/2024
3435 Tilden Avenue, Los Angeles, CA 90034
Price: $1,750,000
Sq.Ft: 1,925
Beds/Baths: 4/2
$/Sq.Ft:
$90926.6%
Sale Date: 9/4/2024
12000 Navy St, Los Angeles, CA 90066
Price: $1,480,000
Sq.Ft: 1,870
Beds/Baths: 3/2
$/Sq.Ft:
$79136.1%
Sale Date: 8/28/2024

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