NOT LISTED FOR SALE

1263 W 2nd St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,103,193

2 Beds
4 Baths
2,390 Sq Ft
$462/Sq Ft Est. Value

Last Sold September 06, 2013

Last sale price $541,800 $227 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $6,489/month

49 Days on Market

Highlights

  • Ground Level Unit
  • Ceramic Tile Flooring
  • South Facing Home
  • Built-In Features
  • Attic Fan
  • 3-minute walk to Vista Hermosa Natural Park

About This Home

As of September 2013

Live/Work opportunity in Downtown Los Angeles. Have you ever dreamed of opening a neighborhood caf/restaurant or Bed&Breakfast, well this property is the perfect place to get started. All the buyer needs is to bring their own style. There are three separate well-maintained buildings on one lot with skyscraper views. Two of which are houses and the other is a permitted & operating restaurant. Restaurant equipment included in the sale, buyer to request equipment schedule. Restaurant is metered separately having its on gas, water, and electric bills. Current restaurant pays $2,500 month-to-month. One unit is owner occupied and the other unit is renting for $720 per month to a long-term tenant.

Last Agent to Sell the Property

Roxanna Stroska

Stanfles Realty License #01423030 Listed on: 06/19/2013

Last Buyer's Agent

Roxanna Stroska

Stanfles Realty License #01423030

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,233

Year Built

  • Built in 1948

Lot Details

  • 3,970 Sq Ft Lot
  • South Facing Home
  • Property is zoned LACW

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 2,390 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceramic Tile Flooring
  • Attic Fan
  • Laundry in unit

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Location

  • Ground Level Unit

Utilities

  • Vented Exhaust Fan
  • Phone System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5152-008-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,233

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Ground Level
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2390
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In And Free Standing
  • Bedrooms: 2
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Attic Fan, Built-Ins, Freezer, Hood Fan, Ice Maker, Microwave, Phone System, Range/Oven, Refrigerator, Vented Exhaust Fan
  • Price Per S Q F T: 250.63

Exterior Features

  • Direction Faces: South
  • Construction: Stucco, Wood Siding
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 2
  • Parking Garage: Parking Space
  • Total Parking: 2

Utilities

  • Cooling: Attic Fan

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 57627
  • Assessed Land Value: 176419
  • Assessor Parcel Number: 5152-008-015
  • Geocode Override: No
  • Lot Description: Walk Street
  • Lot Location: Alley Access
  • Lot Size Area: 3970

Rental Info

  • Total Actual Rent: 38640.00
  • Garage Rental Rate: 0
  • Lease Per Month Year: Month

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 23.00
  • Number Of Units: 3
  • Rent Control: 66
  • Type Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2013
Closed on
Sep 3, 2013
Sold by
Hernandez Rodolfo and Sanchez Yolilba
Bought by
Edelson Mitchell and Edelson Steven
Seller's Agent
Roxanna Stroska
Stanfles Realty
Buyer's Agent
Roxanna Stroska
Stanfles Realty
List Price
$599,999
Sold Price
$541,800
Premium/Discount to List
-$58,199
-9.7%
Current Estimated Value
$1,103,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$561,393
Avg. Annual Appreciation
6.03%

Purchase Details

Closed on
Dec 20, 2001
Sold by
Too Chiu Yee
Bought by
Hernandez Rodolfo and Sanchez Yolliba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,250
Interest Rate
6.39%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 5, 2000
Sold by
Wu Wendy
Bought by
Too Chiu Yee

Purchase Details

Closed on
Oct 1, 1997
Sold by
Tisado Apolonio and Tms Mtg Inc
Bought by
Tms Mtg Inc and The Money Store

Purchase Details

Closed on
Feb 20, 1996
Sold by
Gabay Cameron and Gabay Behnaz
Bought by
Tisado Apolonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
8.99%
Mortgage Type
Commercial
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
Edelson Mitchell $542,005 Chicago Title Company
Hernandez Rodolfo $199,000 First Southwestern Title Co
Too Chiu Yee -- --
Tms Mtg Inc $210,000 Fidelity Title
Tisado Apolonio $340,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Rodolfo $149,250
Previous Owner Tisado Apolonio $221,000
Closed Tisado Apolonio $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2013 09/06/13 Sold $541,800 -9.7% $227 / Sq Ft
08/07/2013 08/07/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $599,999 -- $251 / 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 $8,233 $664,161 $503,578 $160,583
2024 $8,233 $651,139 $493,704 $157,435
2023 $8,082 $638,373 $484,024 $154,349
2022 $7,718 $625,857 $474,534 $151,323
2021 $7,613 $613,586 $465,230 $148,356
2019 $7,391 $595,388 $451,432 $143,956
2018 $7,315 $583,715 $442,581 $141,134
2016 $6,985 $561,050 $425,396 $135,654
2015 $6,885 $552,624 $419,007 $133,617
2014 $6,912 $541,800 $410,800 $131,000
Source: Public Records

Agents Affiliated with this Home

  • Roxanna Stroska

    Seller's Agent in 2013

    Roxanna Stroska

    Stanfles Realty

    (424) 645-8653

    Roxanna Stroska
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Map

Source: The MLS

MLS Number: 13-682615

The MLS

APN: 5152-008-015

California Los Angeles County Los Angeles 90026 Echo Park

1263 W 2nd St, Los Angeles, CA

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