NOT LISTED FOR SALE

1259 Vin Scully Ave Los Angeles, CA 90026

Echo Park Neighborhood
5 Beds
5 Baths
3,417 Sq Ft
6,755 Sq Ft Lot

Last Sold December 26, 2012

Last sale price $544,000 $159 Per Sq Ft

13 Days on Market

About This Home

As of December 2012

This newly painted 5 unit complex has approximately 3,417 total square feet and a lot size of 6,755. There are four units in the main front building all with 1 bedroom and 1 bathroom (2,433 ASF total, 600 ASF each) and a rear unit with 3 bedrooms and 1 bathroom (984 ASF). All of the units in the front building are extremely large and could easily be converted into two bedroom apartments. There is also a carport with 6 spaces. Located in the highly desired neighborhood of Elysian Park in Los Angeles, this complex is close to shopping, freeways, and Dodger Stadium. Great investment opportunity! The seller's are extremely motivated to sell by the end of the year - act now!

Last Agent to Sell the Property

Kathy Jenkins

Andalusian Creek Property Management License #01048490 Listed on: 11/21/2012

Last Buyer's Agent

George Tavitian

Re/Max Tri-City License #00979751

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,755 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,417 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces
  • On-Street Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 29
  • Assessor Parcel Number 5406012028

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Insurance Expense $3,376
  • Maintenance Expense $5,500
  • Other Expense $272
  • Trash Expense $1,272
  • Water Sewer Expense $2,965
  • New Taxes Expense $4,634
  • Gross Income $3,820
  • Net Operating Income $32,727

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • CapRate: 7.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2965.00
  • Property Type: Residential Income
  • Parcel Number: 5406012028
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 159.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1272.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6755.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3820.00
  • Gross Scheduled Income: 45840.00
  • Insurance Expense: 3376.00
  • Lot Size Area: 6755.0000 Square Feet
  • Maintenance Expense: 5500.00
  • Net Operating Income: 32727.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 13113.00
  • Other Expense: 272.00
  • Other Expense Description: RSO
  • Rent Control: No
  • Total Actual Rent: 3820.00

Tax Info

  • New Taxes Expense: 4634.00
  • Tax Lot: 25
  • Tax Tract Number: 29
  • Tax Year: 2011

Range of Values:

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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 Change Sq Ft Price
12/26/2012 12/26/12 Sold $544,000 -5.3% $159 / Sq Ft
12/04/2012 12/04/12 Pending -- -- --
11/21/2012 11/21/12 For Sale $574,500 -- $168 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kathy Jenkins

    Seller's Agent in 2012

    Kathy Jenkins

    Andalusian Creek Property Management

    (424) 675-1846

    18 Total Sales

    Section Image

  • G

    Buyer's Agent in 2012

    George Tavitian

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB12143342

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90026 Echo Park

1259 Vin Scully Ave, Los Angeles, CA

This home is located at 1259 Vin Scully Ave, Los Angeles, CA 90026 since 21 November 2012. This property was built in 1922. 1259 Vin Scully Ave is a home located in Los Angeles County with nearby schools including Logan Academy of Global Ecology, Ramón C. Cortines School of Visual and Performing Arts, and Belmont High School.

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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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