
Seller's Agent in 2021
Jim Gilb
James F. Gilb
(213) 866-9802
1 in this area
15 Total Sales
Estimated Value: $2,676,484 - $2,723,000
The Echo Park Avenue Apartments is a very special and unique property configured as a 4-unit building and a 2-unit building for a total of 6 units. The four unit was constructed in 1922, the two-unit in 1916. There are four small garages with access on Echo Park Avenue. Each unit has washer/dryer hookups, front and rear entrance, hardwood floors and intricate details. The Echo Park Avenue Fourplex enjoys twin extended front porch areas with Echo Park Lake views and the rear area is also available for gatherings and BBQ's. The Laguna Duplex enjoys a very spacious outdoor area that is separate and distinct from the Fourplex portion. This area is separated by new fencing and cemented planter boxes on the Echo Park Ave side. The parcel is zoned LARD2-1VL-HPOZ. The HPOZ (Historical Preservation Overlay Zone) extends several blocks to the north and east. This provides protection from over development and of out of character additions to the neighborhood thus preserving the original aspects of the area. Tenants are drawn to the old world charm and pleasant nature and livability of the property. The 1+1 apartments in the Echo Park Avenue Fourplex are very large, (over 1,000 square feet each) and all units have a separate laundry room and period tile in kitchens and baths with original hardwood floors and picture molding throughout. There are too many intricacies to describe in this small space, but one of many examples is the upper duplex unit (1047 Laguna) boasts a sunroom off the second bedroom with lake views. These rentals are much closer to a home than an apartment. The complex is presented as a parcel that runs block to block between Echo Park Avenue and Laguna Avenue. The Fourplex that faces Echo Park Avenue are all 1-bedroom 1-bath. The Duplex that faces Laguna Avenue are 2-bedroom 1-bath & 2-bedroom 1 1/4 bath. Resting just south of Sunset Blvd and north of the U.S. 101 on Echo Park Avenue. Centrally located just north west of DTLA and east of Silverlake and Hollywood. Echo Park Lake is located just south and across the street from the subject property. Upper units of the fourplex & the duplex have lake views. The Echo Park area is ground zero for hipsters, tech workers, artists, independent thinkers and free spirits. The area is alive with a vibe that is palpable and is attractive to both young and old alike. Please do not walk on property or disturb the tenants.
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Kobrin Sandra | $2,375,000 | North American Title Company | |
Musat Ruth Mackey | -- | None Available | |
Musat Peter O | $675,000 | First American Title Co | |
Lom Property Corp | $300,000 | Stewart Title | |
Liu Hui Jian | -- | -- | |
Liu Hui Jian | -- | -- | |
Li Mei Qiong | -- | -- | |
Li Mei Qiong | -- | -- | |
Li Mei Qiong | -- | -- |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Kobrin Sandra | $1,380,000 | |
Previous Owner | Musat Ruth Mackey | $600,000 | |
Previous Owner | Musat Peter O | $375,000 | |
Previous Owner | Lom Property Corp | $210,000 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/30/2021 12/30/21 | Sold | $2,375,000 | -4.8% | $421 / Sq Ft |
10/01/2021 10/01/21 | Pending | -- | -- | -- |
09/20/2021 09/20/21 | Price Changed | $2,495,000 | -7.4% | $443 / Sq Ft |
08/30/2021 08/30/21 | For Sale | $2,695,000 | -- | $478 / Sq Ft |
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 | $30,818 | $2,520,368 | $1,353,040 | $1,167,328 |
2024 | $30,818 | $2,470,950 | $1,326,510 | $1,144,440 |
2023 | $30,229 | $2,422,500 | $1,300,500 | $1,122,000 |
2022 | $11,704 | $904,343 | $535,910 | $368,433 |
2021 | $11,541 | $886,611 | $525,402 | $361,209 |
2019 | $11,217 | $860,316 | $509,819 | $350,497 |
2018 | $11,112 | $843,448 | $499,823 | $343,625 |
2016 | $10,552 | $810,698 | $480,415 | $330,283 |
2015 | $10,409 | $798,521 | $473,199 | $325,322 |
2014 | $10,476 | $782,880 | $463,930 | $318,950 |
Seller's Agent in 2021
Jim Gilb
James F. Gilb
(213) 866-9802
1 in this area
15 Total Sales
Buyer's Agent in 2021
Robert Villanueva
RE/MAX
(310) 403-6812
3 in this area
13 Total Sales
Source: The MLS
MLS Number: 21-777680
APN: 5404-019-003