NOT LISTED FOR SALE

1140 Echo Park Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,810,000 - $2,931,000

7 Beds
5 Baths
3,874 Sq Ft
$607/Sq Ft Est. Value

Last Sold June 19, 2014

Last sale price $1,330,000 $343 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $14,371/month

20 Days on Market

Highlights

  • No HOA
  • South Facing Home
  • 4-minute walk to Echo Park Lake

About This Home

As of June 2014

FIRST TIME ON THE MARKET FOR OVER 25 YEARS. ORIGINAL OWNER BUILT IN 1988. SUPER CONVENIENT LOCATION. CLOSE TO DOWNTOWN LA, CHINATOWN, DODGER STADIUM, HOLLYWOOD. MINUTES WALK TO ECHO PARK LAKE, SUNSET BLVD AND ALL KINDS OF SHOPS. HUGE UPSIDE POTENTIAL. RENTS ARE WELL BELOW MARKET. EXCELLENT LONG TERM TENANTS WITH MONTH-TO-MONTH LEASE. PROPERTY IS IN GOOD CONDITION. PROPERTY CONSISTS OF 2 SEPARATE BUILDINGS. FRONT BUILDING ENTERS FROM ECHO PARK BLVD CONSISTS OF 4 BEDROOMS AND 3 BATHS WITH 3 CAR ATTACHED GARAGE. DEN CAN BE USED AS THE FIFTH BEDROOM. BACK BUILDING ENTERS FROM LAGUNA AVE AND CONSISTS OF 2 UNITS, EACH WITH 3 BEDROOMS AND 2 BATHS WITH AN ATTACHED 3 CAR GARAGE. AMPLE OF PARKING SPACES ON SITE. SOUTH FACING. PROPERTY IS STRICTLY SOLD "AS IS" WITHOUT ANY IMPLIED OR EXPRESSED WARRANTY. SELLER WILL NOT RELOCATE TENANTS. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB THE OCCUPANTS. THEY WILL CALL THE POLICE IF YOU WALK ON THE PROPERTY. PLEASE RESPECT THE PRIVACY OF THE TENANTS. STRICTLY DRIVE BY ONLY AND OFFER SUBJECT TO INTERIOR INSPECTION.

Last Agent to Sell the Property

ANNIE WONG

A & K Construction And Realty Inc License #01413581 Listed on: 05/17/2014

Last Buyer's Agent

Jeff Kohn

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate License #01054808

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,894

Year Built

  • Built in 1988

Lot Details

  • 7,520 Sq Ft Lot
  • No Common Walls
  • South Facing Home

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,874 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 1750
  • Assessor Parcel Number 5404020011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $8,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,894

Year Built

Built in 1988

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5404020011
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 343.31

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7520.00
  • Lot Size Acres: 0.1730

Multi Family

  • Gross Income: 8500.00
  • Gross Scheduled Income: 8500.00
  • Lot Size Area: 7520.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 2500.00

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 1750
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2020
Sold by
Fernandez Manuel and Fernandez Lourdes Taveras
Bought by
Fernandez Manuel and Fernandez Lourdes Taveras
Current Estimated Value
$2,351,324

Purchase Details

Closed on
Jan 21, 2020
Sold by
Fernandez Manuel
Bought by
Fernandez Manuel and Fernandez Lourdes Taveras

Purchase Details

Closed on
Oct 19, 2019
Sold by
Fernandez Lourdes T
Bought by
Fernandez Manuel

Purchase Details

Closed on
Oct 18, 2016
Sold by
Fernandez Manuel
Bought by
Fernandez Manuel and Fernandez Lourdes Taveras

Purchase Details

Listed on
May 17, 2014
Closed on
Jun 15, 2014
Sold by
Cheung Yim Chu and Cheung Family Trust
Bought by
Fernandez Manuel
Seller's Agent
ANNIE WONG
A & K Construction And Realty Inc
Buyer's Agent
Jeff Kohn
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
List Price
$1,388,888
Sold Price
$1,330,000
Premium/Discount to List
-$58,888
-4.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%

Purchase Details

Listed on
May 17, 2014
Closed on
Jun 10, 2014
Sold by
Fernandez Lourdes T
Bought by
Fernandez Manuel
Seller's Agent
ANNIE WONG
A & K Construction And Realty Inc
Buyer's Agent
Jeff Kohn
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
List Price
$1,388,888
Sold Price
$1,330,000
Premium/Discount to List
-$58,888
-4.24%

Purchase Details

Closed on
Jan 26, 2012
Sold by
Cheung Yim Chu and Cheung Family Trust
Bought by
Cheung Yim Chu and Cheung Family Trust

Purchase Details

Closed on
Sep 2, 2011
Sold by
Cheung Yim Chu and Cheung So Wah
Bought by
Cheung Yim Chu and Cheung Family Trust
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Fernandez Manuel -- None Available
Fernandez Manuel -- None Available
Fernandez Manuel -- None Available
Fernandez Manuel -- None Available
Fernandez Manuel $1,330,000 Title 365
Fernandez Manuel -- Title365 Company
Cheung Yim Chu -- None Available
Cheung Yim Chu -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2014 06/19/14 Sold $1,330,000 -4.2% $343 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
05/17/2014 05/17/14 For Sale $1,388,888 -- $359 / 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 $19,894 $1,630,388 $1,225,859 $404,529
2024 $19,894 $1,598,421 $1,201,823 $396,598
2023 $19,513 $1,567,080 $1,178,258 $388,822
2022 $18,616 $1,536,354 $1,155,155 $381,199
2021 $18,381 $1,506,230 $1,132,505 $373,725
2020 $18,566 $1,490,786 $1,120,893 $369,893
2019 $17,838 $1,461,556 $1,098,915 $362,641
2018 $17,640 $1,432,899 $1,077,368 $355,531
2016 $16,855 $1,377,260 $1,035,534 $341,726
2015 $16,611 $1,356,573 $1,019,980 $336,593
2014 $5,689 $435,704 $85,558 $350,146
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    ANNIE WONG

    A & K Construction And Realty Inc

    (626) 821-1919

    65 Total Sales

    ANNIE WONG
    Section Image
  • Jeff Kohn

    Buyer's Agent in 2014

    Jeff Kohn

    BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

    (818) 636-7601

    4 Total Sales

    Jeff Kohn
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14102738

California Regional Multiple Listing Service (CRMLS)

APN: 5404-020-011

California Los Angeles County Los Angeles 90026 Echo Park

1140 Echo Park Ave, Los Angeles, CA

This home is located at 1140 Echo Park Ave, Los Angeles, CA 90026 since 17 May 2014 and is currently estimated at $2,351,324, approximately $606 per square foot. This property was built in 1988. 1140 Echo Park Ave is a home located in Los Angeles County with nearby schools including Logan Academy of Global Ecology, Belmont High School, and Ramón C. Cortines School of Visual and Performing Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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