NOT LISTED FOR SALE

1426 Elevado St Los Angeles, CA 90026

Estimated Value: $2,246,000 - $2,652,000

6 Beds
6 Baths
3,249 Sq Ft
$738/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $2,150,000 $662 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $14,934/month

107 Days on Market

Highlights

  • City Lights View
  • 2 Car Attached Garage
  • Laundry Room
  • John Marshall Senior High Rated A
  • Card or Code Access
  • Tile Flooring

About This Home

As of July 2023

Side-by-side townhouse style duplex in Prime Silverlake w/ unique striking architecture (the exterior building wall wraps around the curve of the street on the hillside) with mature trees out the windows, incredible views from everywhere, and private balconies off each unit. Unit 1428 enters into an open concept kitchen/ living/ dining room. Kitchen features a center isle w/ breakfast bar, new SS appliances (including fridge, range/oven, dishwasher, built in microwave), new quartz countertops. Alongside the 1st floor kitchen/living/dining is 1 bed + 1 bath, laundry, porch off the kitchen for al fresco dining san climbing stairs (perfect for morning coffee). Upstairs is 2 beds + 2 new full baths. Primary is en-suite. Highlight of this unit is a huge porch upstairs w/ complete privacy from the tree tops, views of the Observatory and Griffith Park in one direction & the majestic Downtown skyline in the other direction. Unit 1426 has 1 room downstairs w/ a separate entrance, perfect for an office. New spacious kitchen w/ center island, SS appliances, abundant cabinetry, quartz counters. There's 1 room half a level above the main living space floor w/ a sliding door to a balcony w/ glass railing + amazing views. 3 bedrooms + den + 2.5 baths. Laundry room. Large porch. Both units are completely newly remodeled w/ commercial grade/waterproof vinyl wood floors, new Insulation in all walls (and highest level in shared walled between units), Level 5 drywall, Lutron smart lighting thruout, Central AC, recessed lights. Two 1-car garages equipped w/ 220V charging stations + 1 storage room w/ garage doors. Charming hillside location above Sunset Blvd w/ amazing views + easy access (including via staircase across the street by foot!) to the best of Silverlake dining, parks, and entertainment. Both units delivered with tenants. 1 unit rented for 6900 starting July 1 for 1 year. 2nd Unit leased for 6500/mt starting April 15 for 1 year. Easy to show!

Last Agent to Sell the Property

Sheri Bienstock

The Bienstock Group License #01746994 Listed on: 04/02/2023

Last Buyer's Agent

Christopher Martinez

Vinco Vinco Realty & Investments Inc License #01917060

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,145

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 3,093

Parking

  • 2 Car Attached Garage

Property Views

  • City Lights
  • Trees
  • Mountain
  • Hills

Home Design

  • Split Level Home

Interior Spaces

  • 3,249 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • 3,093 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 5425-008-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,145

Year Built

Built in 1921 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: Remodeled prime Silverlake townhouse side-by-side duplex w/ unique architecture where the building wraps around the hillside street, incredible views, & easy access to neighborhood hotspots. 3 bed+2.5 bath in 1 unit and 3 bed+3 bath in the other. Each unit features brand new kitchen w/ abundant cabinetry, center island, SS appliances, quartz countertops + all new baths. Both units have large private patios surrounded by trees and views. Vinyl wood floors, high level insulated walls between units + level 5 drywall, Lutron AV system, recessed lights throat, Central AC, 2 one car garages equipped w/ 220V charging stations, 3rd garage for storage. Great location w/ easy (driving + walking) access to the best of Silverlake dining + parks +entertainment. One unit is delivered vacant at the close of escrow. Second unit is rented starting April 15 for 6500/month and is delivered with tenant.
  • Living Area: 3249
  • Lot Acreage: 0.0710
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1921
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Vinyl Plank
  • Appliances: Range
  • Bedrooms: 6
  • Common Walls: Attached
  • Laundry: Inside
  • Total Bathrooms: 6.00
  • Equipment: Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Dishwasher, Garbage Disposal, Range/Oven, Microwave, Refrigerator
  • Price Per S Q F T: 661.74

Exterior Features

  • Other Structures: None
  • View: City Lights, Tree Top, Mountains, City, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 2
  • Parking Garage: Attached, Garage - 1 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Card/Code Access, Smoke Detector, Carbon Monoxide Detector(s)

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessor Parcel Number: 5425-008-018
  • Lot Size Area: 3093

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.37
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2023
Closed on
Jul 21, 2023
Sold by
Djc Property Holdings Llc
Bought by
Waldhaus Ikechukwu
Seller's Agent
Sheri Bienstock
The Bienstock Group
Buyer's Agent
Christopher Martinez
Vinco Vinco Realty & Investments Inc
List Price
$2,200,000
Sold Price
$2,150,000
Premium/Discount to List
-$50,000
-2.27%
Views
130
Current Estimated Value
$2,396,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,400
Avg. Annual Appreciation
5.10%
Original Mortgage
$1,612,500
Outstanding Balance
$1,573,315
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$823,085

Purchase Details

Listed on
Apr 2, 2023
Closed on
Jun 22, 2023
Sold by
Djc Property Holdings
Bought by
Djc Property Holdings Llc
Seller's Agent
Sheri Bienstock
The Bienstock Group
Buyer's Agent
Christopher Martinez
Vinco Vinco Realty & Investments Inc
List Price
$2,200,000
Sold Price
$2,150,000
Premium/Discount to List
-$50,000
-2.27%
Views
130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Outstanding Balance
$1,573,315
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$823,085

Purchase Details

Closed on
Aug 23, 2022
Sold by
W & S Hines Family Trust
Bought by
Djc Property Holdings

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.89%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 30, 2014
Sold by
Hines William and Hines Sharon J
Bought by
W & S Hines Family Trust
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
Waldhaus Ikechukwu $2,150,000 Provident Title Company
Djc Property Holdings Llc -- Stewart Title Of California In
Djc Property Holdings $1,400,000 Clearmark Title
W & S Hines Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waldhaus Ikechukwu $1,612,500
Open Djc Property Holdings Llc $2,649,500
Previous Owner Djc Property Holdings $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2023 07/31/23 Sold $2,150,000 0.0% $662 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
06/08/2023 06/08/23 Price Changed $2,150,000 -2.3% $662 / Sq Ft
04/02/2023 04/02/23 For Sale $2,200,000 +57.1% $677 / Sq Ft
10/25/2022 10/25/22 Sold $1,400,000 -6.6% $431 / Sq Ft View Prior Sale
08/18/2022 08/18/22 Pending -- -- --
08/16/2022 08/16/22 Price Changed $1,499,000 -6.3% $461 / Sq Ft
07/26/2022 07/26/22 For Sale $1,599,000 -- $492 / 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 $26,145 $2,193,000 $1,754,400 $438,600
2024 $26,145 $2,150,000 $1,720,000 $430,000
2023 $17,143 $1,400,000 $1,050,000 $350,000
2022 $2,451 $187,778 $54,402 $133,376
2021 $2,400 $184,097 $53,336 $130,761
2019 $2,330 $178,639 $51,755 $126,884
2018 $2,268 $175,138 $50,741 $124,397
2016 $2,127 $168,339 $48,772 $119,567
2015 $2,098 $165,811 $48,040 $117,771
2014 $2,115 $162,564 $47,099 $115,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-253967

The MLS

APN: 5425-008-018