NOT LISTED FOR SALE

1426 Allison Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $2,120,508 - $2,224,000

7 Beds
6 Baths
4,304 Sq Ft
$505/Sq Ft Est. Value

Last Sold May 05, 2022

Last sale price $2,100,000 $488 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $14,078/month

42 Days on Market

About This Home

As of May 2022

1426 Allison Avenue is located in the highly-sought after neighborhood of Angelino Heights. Situated 1 block away from Sunset Boulevard and a 5-minute walk to Dodgers Stadium, tenants have access to a myriad of entertainment and eating options. The opportunity consists of three separate duplex constructures -- showcasing 1 studio unit, three 1bed/1bath units, & two 2bed/1bath units. In a neighborhood distinguished for its Victorian homes, there are only a handful apartment buildings of this magnitude in Angelino Heights.

Last Agent to Sell the Property

Andres Diaz

Keller Williams Downtown LA License #01956479 Listed on: 03/04/2022

Keller Williams Downtown LA

Last Buyer's Agent

Jordan Davies

License #01914332

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,181

Year Built

  • Built in 1929

Lot Details

  • 7,500 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 6 Bathrooms
  • 4,304 Sq Ft Home
  • 1-Story Property
  • Dryer

Utilities

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

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5405-003-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,181

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Located in the highly-sought after neighborhood of Angelino Heights, 1426 Allison Avenue is tucked mid-block on a quiet residential street. The opportunity consists of three separate structures -- each structure showcasing two units. The property boasts 1 studio unit, 3 1bed/1bath units, & 2 2bed/1bath units. The property also offers 4 single car garages at the front of the parcel. Angelino Heights is known for its large collection of Victorian homes that result in this area being recognized a historic preservation overlay zone. While some units are close to market rate, there is still substantial upside for the next buyer.
  • Living Area: 4304
  • Lot Acreage: 0.1722
  • Stories: 1
  • Year Built: 1929
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6.00
  • Equipment: Dryer
  • Price Per S Q F T: 511.15

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

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

Lot Info

  • Assessed Improvement Percent: 33.93
  • Assessed Improvement Value: 202032
  • Assessed Land Percent: 66.07
  • Assessed Land Value: 393374
  • Total Assessed Value: 595406
  • Assessor Parcel Number: 5405-003-014
  • Lot Size Area: 7500

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 16.49
  • Number Of Units: 6
  • Total Annual Expense: 47696
  • Type Of Units: Market Rate
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2007
Sold by
Meyer Michael and Meyer Miriam Anne
Bought by
Meyer Miriam Anne and Meyer Michael
Current Estimated Value
$2,172,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2005
Sold by
Meyer Miriam A and Meyer Michael
Bought by
Meyer Miriam Anne and Meyer Michael

Purchase Details

Closed on
Sep 20, 2002
Sold by
Wentworth Walter D and Watson John W
Bought by
Meyer Michael and Meyer Miriam A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,400
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 1998
Sold by
Watson John W
Bought by
Watson John W and Watson Bonnie L
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
Meyer Miriam Anne -- Accommodation
Meyer Michael -- Lawyers Title
Meyer Miriam Anne -- --
Meyer Michael $445,000 Commerce Title Company
Watson John W -- --
Watson John W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parseghian Shant $1,080,000
Previous Owner Meyer Miriam Anne $525,000
Previous Owner Meyer Miriam Anne $500,000
Previous Owner Meyer Michael $500,000
Previous Owner Meyer Michael $245,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold $2,100,000 -4.5% $488 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $2,200,000 -- $511 / 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 $27,181 $2,228,536 $1,273,449 $955,087
2024 $27,181 $2,184,840 $1,248,480 $936,360
2023 $26,660 $2,142,000 $1,224,000 $918,000
2022 $8,039 $607,313 $401,241 $206,072
2021 $7,925 $595,406 $393,374 $202,032
2019 $7,707 $577,748 $381,707 $196,041
2018 $7,600 $566,421 $374,223 $192,198
2016 $7,200 $544,429 $359,693 $184,736
2015 $7,103 $536,253 $354,291 $181,962
2014 $7,163 $525,749 $347,351 $178,398
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Andres Diaz

    Keller Williams Downtown LA

    Section Image

  • J

    Buyer's Agent in 2022

    Jordan Davies

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Map

Source: The MLS

MLS Number: 22-133535

The MLS

APN: 5405-003-014

California Los Angeles County Los Angeles 90026 Echo Park

1426 Allison Ave, Los Angeles, CA

This home is located at 1426 Allison Ave, Los Angeles, CA 90026 since 04 March 2022 and is currently estimated at $2,172,254, approximately $504 per square foot. This property was built in 1929. 1426 Allison 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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