NOT LISTED FOR SALE

1115 Laveta Terrace Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,200,787 - $1,428,000

3 Beds
3 Baths
2,112 Sq Ft
$619/Sq Ft Est. Value

Last Sold August 15, 2014

Last sale price $632,000 $299 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $7,858/month

229 Days on Market

About This Home

As of August 2014

Bring your investors and/or builders. This 4 plex property is located in the Angelino Heights area where the multi-million dollar renovation to Echo Park has been completed. The property is amazingly close to Echo Park Lake, Dodger Stadium, and downtown area. Fwy and boutiques, restaurants, shops and stores are within blocks of this great location. Perfect peroperty to collect rents while you build out the back 75ft by 45 ft empty lot section in the rear of the property.

Last Agent to Sell the Property

Steve Craven

Coldwell Banker Realty License #01349005 Listed on: 06/30/2013

Coldwell Banker Realty

Last Buyer's Agent

Steve Craven

Coldwell Banker Realty License #01349005 Listed on: 06/30/2013

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,419

Year Built

  • Built in 1922

Lot Details

  • 9,538 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 12 Parking Spaces

Home Design

  • 2,112 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 15
  • Assessor Parcel Number 5404021024

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Net Operating Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,419

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Property Type: Residential Income
  • Parcel Number: 5404021024
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 299.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 9538.00
  • Lot Size Acres: 0.2190

Multi Family

  • Gross Scheduled Income: 45600.00
  • Lot Size Area: 9538.0000 Square Feet
  • Net Operating Income: 45600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 69
  • Tax Tract Number: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2013
Closed on
Aug 13, 2014
Sold by
1115 Laveta Terrace Llc
Bought by
Falati Anthony
Seller's Agent
Steve Craven
Coldwell Banker Realty
Buyer's Agent
Steve Craven
Coldwell Banker Realty
List Price
$699,000
Sold Price
$632,000
Premium/Discount to List
-$67,000
-9.59%
Current Estimated Value
$1,308,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$676,197
Avg. Annual Appreciation
6.20%
Original Mortgage
$474,000
Outstanding Balance
$363,524
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$866,732

Purchase Details

Closed on
Nov 18, 2008
Sold by
Brinkman Michael Samuel and Brinkman Talya
Bought by
1115 Laveta Terrace Llc

Purchase Details

Closed on
Oct 24, 2007
Sold by
Crittendon Pomo
Bought by
Brinkman Michael Samuel and Brinkman Talya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2002
Sold by
Leung Elizabeth
Bought by
Crittendon Pomo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.62%
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Falati Anthony $632,000 Equity Title
1115 Laveta Terrace Llc -- None Available
Brinkman Michael Samuel $590,000 Equity Title Company
Crittendon Pomo $240,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falati Anthony $474,000
Previous Owner Brinkman Michael Samuel $472,000
Previous Owner Crittendon Pomo $207,000
Previous Owner Crittendon Pomo $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2014 08/15/14 Sold $632,000 -9.6% $299 / Sq Ft
02/14/2014 02/14/14 Pending -- -- --
06/30/2013 06/30/13 For Sale $699,000 -- $331 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,419 $759,560 $569,673 $189,887
2024 $9,419 $744,667 $558,503 $186,164
2023 $9,242 $730,066 $547,552 $182,514
2022 $8,821 $715,752 $536,816 $178,936
2021 $8,709 $701,719 $526,291 $175,428
2019 $8,455 $680,908 $510,682 $170,226
2018 $8,329 $667,558 $500,669 $166,889
2016 $7,957 $641,637 $481,228 $160,409
2015 $7,843 $632,000 $474,000 $158,000
2014 $7,511 $588,273 $411,792 $176,481
Source: Public Records

Agents Affiliated with this Home

  • Steve Craven

    Seller's Agent in 2014

    Steve Craven

    Coldwell Banker Realty

    (818) 912-0034

    10 Total Sales

    Steve Craven
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13128159

California Regional Multiple Listing Service (CRMLS)

APN: 5404-021-024

California Los Angeles County Los Angeles 90026 Echo Park

1115 Laveta Terrace, Los Angeles, CA

This home is located at 1115 Laveta Terrace, Los Angeles, CA 90026 since 30 June 2013 and is currently estimated at $1,308,197, approximately $619 per square foot. This property was built in 1922. 1115 Laveta Terrace is a home located in Los Angeles County with nearby schools including Logan Academy of Global Ecology, Belmont High School, and Academic Leadership Community Miguel Contreras Learning Complex.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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