$975,000 Price Analysis   ♡   Los Angeles, CA 90026 9 bed 5 bath 3,417 SqFt ($285/SqFt) 6,758SqFt lot. Built 1922 Listed 2024-05-07, Taxes $8,326 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to offer for sale a five-unit apartment building located at 1259 Vin Scully Avenue in Los Angeles
CA. The subject property is located north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A.
Situated on a 6, 758 square foot parcel, the property comprises of two one-bedrom u nits, two two-bedroom units and one three-bedroom unit. The property's irreplaceable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1259 Vin Scully Avenue an excellent acquisition opportunity for investors.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #24-389066 from TheMLSCLAW
Full Bathrooms: 5
Lot Size Source: Assessor
Lot Size Square Feet: 6758
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2407, 2 BedsTotal: 3, 2 BathsTotal: 1, 2 SquareFeet: 3915, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3052, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2407, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 3052
County: Los Angeles
Cap Rate: 3.76
Directions: East of Sunset Boulevard & North 110 Freeway
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5406-012-028
Postal Code Plus 4: 4406
Zoning: LAR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $190,301 + $440,948 $631,249 | $8,326 |
| 2021 | $186,570 + $432,302 $618,872 | $8,216 |
| 2020 | $184,657 + $427,870 $612,527 | $8,289 |
| 2019 | $181,037 + $419,481 $600,518 | $7,990 |
| 2018 | $177,488 + $411,256 $588,744 | $7,877 |
| 2017 | $174,008 + $403,193 $577,201 | $7,673 |
| 2016 | $170,597 + $395,288 $565,885 | $7,480 |
| 2015 | $168,035 + $389,351 $557,386 | $7,379 |
| 2014 | $164,744 + $381,725 $546,469 | $7,432 |
| 2013 | $164,000 + $380,000 $544,000 | $7,423 |
| 2012 | $192,727 + $119,816 $312,543 | $4,634 |
| 2010 | $188,949 + $117,467 $306,416 | $4,463 |
| 2009 | $187,983 + $116,867 $304,850 | $4,313 |
| 2009 | $187,537 + $116,590 $304,127 | $4,313 |
| 2008 | $184,298 + $114,576 $298,874 | $4,151 |
| 2007 | $168,496 + $112,330 $280,826 | $3,862 |
$975,000
TheMLSCLAW
Sold 2022-04-27
$1,250,000
CRMLS
Sold 2012-12-26
$544,000
ITECH
Listing removed 2012-12-11
$574,500
CRMLS
Listed 2012-11-21
$574,500
CRMLS
Listed 2012-11-21
$574,500
ITECH
Sold 1998-10-15
$240,000
Public Record
Listing removed 1998-01-19
$260,000
ITECH
Listed 1997-07-18
$260,000
ITECH
Year Built: 1922
Levels: Multi Levels, Two Level
Living Area Source: Assessor
Property Age: 102
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Map directions Map directions Map directions
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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.