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$850,000   Price Analysis
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1525 Cortez St
Los Angeles, CA 90026
5 bed 4 bath 2,747 SqFt ($309/SqFt)
4,767SqFt lot. Built 1914
Listed 2024-01-17, Taxes $2,090
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Detached Duplex and investment opportunity with lots of potential in prime location near Echo Park/Silverlake

Minutes to historic Echo Park Lake and adjacent to DTLA. Front Home is perched up stairs with city lights view and it is a crafts man, 2 bedroom 1 and 1/2 bths approximately 1, 150sqft and, rear detached unit is 3 bedrooms, 2 baths, approximately 1, 597 sqft.

Both units are fixers and as such priced to sell. Fully leased with room for upside, with fantastic paying tenants. Street parking only.


Presented by Melanie Guillen at
Lee & Associates Los Angeles.


Property MLS #DW23222078 from CRMLS

Bedrooms: 5

Laundry Features: In Kitchen

Full Bathrooms: 4

Flooring: Laminate, Tile

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1094353
Lot Size Source: Assessor
Lot Size Square Feet: 4767

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2

Rent Control: Yes

Community Features: Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 875.38
Area: C21 - Silver Lake - Echo Park
Source Neighborhood: C21 - Silver Lake - Echo Park
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 2
Parcel Number: 5160002012
Postal Code Plus 4: 5005
Zoning: LACW
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$22,945 + $130,142
$153,087
$2,090
2021$22,496 + $127,591
$150,087
$2,054
2020$22,266 + $126,283
$148,549
$2,071
2019$21,830 + $123,807
$145,637
$1,999
2018$21,402 + $121,380
$142,782
$1,922
2017$20,983 + $119,000
$139,983
$1,884
2016$20,572 + $116,667
$137,239
$1,826
2015$20,263 + $114,915
$135,178
$1,802
2014$19,867 + $112,664
$132,531
$1,823
2013$19,778 + $112,155
$131,933
$1,817
2012$19,391 + $109,956
$129,347
$1,841
2010$19,011 + $107,800
$126,811
$1,816
2009$18,914 + $107,250
$126,164
$1,747
2009$18,869 + $106,995
$125,864
$1,747
2008$18,544 + $105,148
$123,692
$1,679
2007$18,181 + $103,087
$121,268
$1,622

Price Changed 2024-06-25
$850,000
CRMLS
Price Changed 2024-05-28
$895,000
CRMLS
Listed 2024-01-17
$960,000
CRMLS

Net Operating Income: 35539.24

Total Square Feet Living: 2747
Year Built: 1914
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Stairs
Property Age: 110
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer
Water Source: Public

Betty Plasencia Elementary School is a public elementary school located approximately 0.3 miles away.
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Belmont Senior High School is a public high school located approximately 0.4 miles away.
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Sal Castro Middle School is a public middle school located approximately 0.5 miles away.
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Our Lady Of Loretto Elementary School is a private elementary and middle school located approximately 0.2 miles away.
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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.