NOT LISTED FOR SALE

1048 Everett Place Los Angeles, CA 90026

Echo Park Neighborhood
11 Beds
11 Baths
8,918 Sq Ft
0.35 Acres

Last Sold June 28, 2016

Last sale price $2,950,000 $331 Per Sq Ft

10 Days on Market

About This Home

As of June 2016

Pride of ownership property in unsurpassed Echo Park hilltop location. Panoramic downtown skyline to West Los Angeles views from most every unit. Located on of L.A.'s most unique streets, featuring a huge "park-like" center median. Unit mix consists of 9, mostly identical, one bedroom, one bath units, each approximately 800 sq ft. Additionally there is a very large 2 bedroom, 2 bath "owners" style unit which appears to be about 1,700 sq ft, featuring a family room its own laundry room, private patio and private yard. The 10 units are in two separate buildings. Exceptional, very private, not visible from the street, tenant parking for each unit. The units are separately metered for both gas and electricity, so expenses are relatively low. Common area laundry for all tenants. Located above and just around the corner from the "landmark" Elysian Building where 1 bedroom units are rented or currently offered in $2,900-$4,000 per month range. PLEASE DO NOT WALK ON TO THE PROPERTY.

Last Agent to Sell the Property

Lane Aronson

Berkshire Hathaway HomeServices California Properties License #00681193 Listed on: 04/19/2016

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Howard Stevens

Nourmand & Associates-HW License #01209176

Last Buyer's Agent

Michael Mikail

Rodeo Realty License #00978642

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.35

Interior Spaces

  • 8,918 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Parking

  • 11 Parking Spaces
  • Assigned Parking

Additional Features

  • 0.35 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5406-018-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8918
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 335.84

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 11

Utilities

  • Heating: Wall
  • Water Expense: 6785.00

Fee Information

  • Insurance Expense: 3000.00
  • Maintenance Expense: 3600.00
  • Other Expense: 2500.00

Lot Info

  • Assessor Parcel Number: 5406-018-022
  • Geocode Override: No
  • Lot Size Area: 15386

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 15.73
  • Number Of Units: 10
  • Type Of Units: Residential

Tax Info

  • Tax Expense: 45000.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2016 06/28/16 Sold $2,950,000 -1.5% $331 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/19/2016 04/19/16 For Sale $2,995,000 -- $336 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $42,781 $3,492,196 $2,012,452 $1,479,744
2024 $42,781 $3,423,723 $1,972,993 $1,450,730
2023 $41,966 $3,356,592 $1,934,307 $1,422,285
2022 $40,048 $3,290,778 $1,896,380 $1,394,398
2021 $39,541 $3,226,254 $1,859,197 $1,367,057
2019 $38,378 $3,130,563 $1,804,053 $1,326,510
2018 $38,105 $3,069,180 $1,768,680 $1,300,500
2016 $9,022 $655,158 $386,857 $268,301
2015 $8,906 $645,318 $381,047 $264,271
2014 $9,002 $632,678 $373,583 $259,095
Source: Public Records

Agents Affiliated with this Home

  • Lane Aronson

    Seller's Agent in 2016

    Lane Aronson

    Berkshire Hathaway HomeServices California Properties

    (323) 671-1233

    1 in this area

    22 Total Sales

    Lane Aronson
    Section Image

  • H

    Seller Co-Listing Agent in 2016

    Howard Stevens

    Nourmand & Associates-HW

    (323) 376-0005

    6 Total Sales

    Howard Stevens
    Section Image
  • Michael Mikail

    Buyer's Agent in 2016

    Michael Mikail

    Rodeo Realty

    (310) 617-6272

    23 Total Sales

    Michael Mikail
    Section Image
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Map

Source: The MLS

MLS Number: 16-116918

The MLS
California Los Angeles County Los Angeles 90012 Echo Park

1048 Everett Place, Los Angeles, CA

Not Listed for Sale

MultiFamily

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