$2,050,000 Price Analysis   ♡   Los Angeles, CA 90026 8 bed 4 bath 3,640 SqFt ($563/SqFt) 7,686SqFt lot. Built 1964 Listed 2024-02-14, Taxes $5,665 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Trophy Property.
A rare opportunity to own an income property in one of LA's hottest neighborhoods. Spectacular and secluded mid-century 4plex set high in the hills on a large lot north of Sunset in Echo Park. Magnificent views of downtown, Griffith Park Observatory and the Hollywood sign. The building provides one large 3 bedroom, 2-bathroom unit; three more unit s each have 2 bedrooms and 1 bathroom. These apartments feature sensible floor plans and amenities that include separate water heaters fr each unit and a convenient laundry room.
Unit #4 also has a large, permitted deck right off the kitchen and living room. Great outdoor space with two separate patios, all set on a pleasing hillside with black walnut trees, oranges and figs. Residents enjoy an easy commute to nearby Glendale, Burbank and Downtown LA. Great rental income with room for improvement. Do not disturb occupants. Unit 3 is now vacant ant can be delivered as such. Huge storage space under garage that may be used as a studio.
Presented by Steve Flores at
Coldwell Banker Realty.
Property MLS #24-357979 from TheMLSCLAW
Full Bathrooms: 4
Laundry Features: Community
Heating Features: Wall
Garage Description: Assigned
Lot Size Square Feet: 7686
Other Equipment: Range/Oven, Dishwasher
Security Features: Gated
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 5000, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3000, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2500, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3500
County: Los Angeles
Cap Rate: 5.6
Directions: Echo Park Ave to Effie to Lemoyne
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5420-011-001
Postal Code Plus 4: 1861
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $157,224 + $287,378 $444,602 | $5,665 |
| 2021 | $154,142 + $281,744 $435,886 | $5,577 |
| 2020 | $152,562 + $278,856 $431,418 | $5,625 |
| 2019 | $149,571 + $273,389 $422,960 | $5,417 |
| 2018 | $146,639 + $268,029 $414,668 | $5,330 |
| 2017 | $143,764 + $262,774 $406,538 | $5,217 |
| 2016 | $140,946 + $257,622 $398,568 | $5,063 |
| 2015 | $138,829 + $253,753 $392,582 | $4,992 |
| 2014 | $136,110 + $248,783 $384,893 | $5,032 |
| 2013 | $135,495 + $247,659 $383,154 | $5,032 |
| 2012 | $132,839 + $242,803 $375,642 | $5,097 |
| 2010 | $130,235 + $238,043 $368,278 | $5,004 |
| 2009 | $129,570 + $236,826 $366,396 | $4,827 |
| 2009 | $129,262 + $236,264 $365,526 | $4,827 |
| 2008 | $117,912 + $232,183 $350,095 | $4,524 |
| 2007 | $115,600 + $227,631 $343,231 | $4,365 |
$2,050,000
TheMLSCLAW
Listed 2024-02-14
$2,150,000
TheMLSCLAW
Listing removed 2023-11-21
$0
TheMLSCLAW
Relisted 2023-11-16
$2,195,000
TheMLSCLAW
Listing removed 2023-11-15
$0
TheMLSCLAW
Price Changed 2023-08-29
$2,195,000
TheMLSCLAW
Listed 2023-06-07
$2,250,000
TheMLSCLAW
Sold 1997-11-24
$288,000
Public Record
Year Built: 1964
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 60
House Style: Mid-Century
Year Built Source: Vendor Enhanced
Architectural Style: Mid-Century
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.