NOT LISTED FOR SALE
8 Beds
8 Baths
4,928 Sq Ft
3,988 Sq Ft Lot

Last Sold June 19, 2014

Last sale price $1,375,000 $279 Per Sq Ft

69 Days on Market

About This Home

As of June 2014

Unit mix is approximate. To be determined by Buyer. We have been exclusively retained by the owner in connection with the sale of 1310 Lilac Terrace, an 8-unit, multifamily investment property located in the trendy Echo Park neighborhood of Los Angeles. The offering represents an opportunity to purchase the fee simple interest in a stabilized asset with the potential to produce excellent cash flow. The Property will be offered free and clear of existing debt to allow for the opportunity to capitalize on historically low interest rates.

Last Agent to Sell the Property

Albert Shilton

Charles Dunn West La License #00980176 Listed on: 03/19/2014

Last Buyer's Agent

Albert Shilton

Charles Dunn West La License #00980176 Listed on: 03/19/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 3,988 Sq Ft Lot

Parking

  • On-Street Parking

Interior Spaces

  • 4,928 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5406-012-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4928
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 289.16

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 285600
  • Assessed Land Value: 418200
  • Assessor Parcel Number: 5406-012-003
  • Geocode Override: No
  • Lot Size Area: 3988

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.70
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 36785
  • Type Of Units: Apartments
  • Vacancy Rate: 3376

Range of Values:

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ICE

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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

Property History

Date Event Price Change Sq Ft Price
06/19/2014 06/19/14 Sold $1,375,000 -3.5% $279 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $1,425,000 -- $289 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-745567

The MLS