NOT LISTED FOR SALE

1459 Wallace Ave Unit 1/2 Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $924,000 - $1,742,754

2 Beds
1 Bath
850 Sq Ft
$1,557/Sq Ft Est. Value

Highlights

  • City Lights View
  • Breakfast Area or Nook
  • Living Room
  • Wood Flooring
  • Enclosed Patio or Porch
  • Bungalow

About This Home

As of March 2021

Gorgeous Angelino Heights Craftsman with hardwood floors and gorgeous fenced rear yard with wood decking, avocado trees and lemon trees. Washer and Dryer in unit. Great light. Beautiful kitchen with Stove and Fridge. Landlord pays for internet and Security Cameras.

Last Agent to Rent the Property

Ivy Gherscovici

Everyday Real Estate, Inc. License #01329697 Listed on: 02/27/2021

Last Renter's Agent

Ivy Gherscovici

Ivy Brooks License #01329697

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,942

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 8,518 Sq Ft Lot
  • South Facing Home
  • Gated Home
  • Wood Fence
  • Sprinkler System
  • Property is zoned LARD3

Property Views

  • City Lights
  • Trees

Home Design

  • Bungalow

Interior Spaces

  • 850 Sq Ft Home
  • Living Room
  • Wood Flooring
  • Fire and Smoke Detector
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Security Deposit $3,500
  • Tenant pays for gas, electricity, water, cable TV
  • Rent includes gardener
  • 12 Month Lease Term
  • Assessor Parcel Number 5405-008-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,942

Year Built

Built in 1924 | Remodeled

Lot Details

0

Rental Info

  • Credit Report Amount: 35.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Rent Excludes: Water, trash, gas, electric
  • Rent Includes: Gardener
  • Security Deposit: 3500
  • Tenant Pays: Gas, Electricity, Water, Cable TV

Listing Details

  • Property Type: Residential Lease
  • Style: California Bungalow
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Advertising Remarks: Gorgeous Angelino Heights Craftsman with hardwood floors and gorgeous fenced rear yard with wood decking, avocado trees and lemon trees. 1 nice sized bedroom and one very small bedroom / office. Washer and Dryer in unit. Great light. Beautiful kitchen with Stove and Fridge. Landlord pays for internet and Security Cameras.
  • Lease Terms: 1+Year
  • Living Area: 850
  • Lot Acreage: 0.1955
  • Property Condition: Updated/Remodeled
  • Year Built: 1924
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 3.94

Exterior Features

  • Direction Faces: South
  • Fence: Cedar Fence
  • Patio: Enclosed, Wood
  • Pool: No
  • View: Tree Top, City Lights
  • View: Yes

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Smoke Detector, Gated
  • Sewer: In Street
  • Water: In Street

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 5405-008-022
  • Lot Size Area: 8518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2018
Sold by
Brooks Gherscovici Ivy Alexandra and Gherscovici Ezequel Dario
Bought by
1459 Wallace Ave Llc
Current Estimated Value
$1,323,189

Purchase Details

Closed on
Feb 22, 2011
Sold by
Brooks Ivy Alexandra
Bought by
Brooks Ivy Alexandra and Ivy Alexandra Brooks Revocable

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,200
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2008
Sold by
Brooks Ivy
Bought by
Brooks Ivy Alexndra and The Ivy Alexandra Brooks Revoc

Purchase Details

Closed on
Jan 11, 2008
Sold by
4201 W Seaview Drive Llc
Bought by
Brooks Ivy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2007
Sold by
Moschella Silvena
Bought by
Moschella Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2007
Sold by
Us Bank Na
Bought by
Conquistador Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2006
Sold by
Ghio Steve
Bought by
Us Bank Na

Purchase Details

Closed on
Apr 27, 2005
Sold by
Tejeda Gabriela
Bought by
Ghio Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 20, 2004
Sold by
Lang Jodi
Bought by
Tejeda Gabriela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2002
Sold by
Arellano Jose Cruz and Arellano Jessie M
Bought by
Lang Jodi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,300
Interest Rate
8.75%
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
1459 Wallace Ave Llc -- None Available
Brooks Ghercovici Ivy Alexandra -- None Available
Brooks Ivy Alexandra -- Lawyers Title La
Brooks Ivy Alexandra -- Lawyers Title
Brooks Ivy Alexndra -- None Available
Brooks Ivy $845,000 Equity Title Company
4201 W Seaview Drive Llc -- Equity Title Company
Moschella Antonio -- Provident Title Company
Moschella Antonio -- Provident Title Company
Conquistador Investments Llc $450,000 First American Title Ins Co
Us Bank Na $580,842 None Available
Ghio Steve $680,000 Investors Title Company
Ghio Steve -- Investors Title Company
Tejeda Gabriela $485,000 Gateway Title Company
Lang Jodi $284,209 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Ivy Alexandra $462,200
Previous Owner Brooks Ivy $485,000
Previous Owner Conquistador Investments Llc $643,500
Previous Owner Ghio Steve $544,000
Previous Owner Tejeda Gabriela $388,000
Previous Owner Lang Jodi $227,300
Closed Lang Jodi $56,800
Closed Tejeda Gabriela $97,000
Closed Ghio Steve $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2021 03/30/21 Rented $3,350 0.0% --
03/07/2021 03/07/21 Price Changed $3,350 -4.3% $4 / Sq Ft
02/27/2021 02/27/21 For Rent $3,500 -- --
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 $7,942 $635,000 $451,000 $184,000
2024 $7,942 $635,000 $451,000 $184,000
2023 $6,909 $549,000 $390,000 $159,000
2022 $11,471 $957,000 $679,000 $278,000
2021 $11,112 $920,000 $653,000 $267,000
2020 $7,665 $614,000 $436,000 $178,000
2019 $6,744 $549,000 $390,000 $159,000
2018 $6,892 $556,000 $395,000 $161,000
2016 $5,711 $462,000 $328,000 $134,000
2015 $5,212 $420,000 $298,000 $122,000
2014 $4,878 $382,000 $272,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • Ivy Gherscovici

    Landlord's Agent in 2021

    Ivy Gherscovici

    Everyday Real Estate, Inc.

    (310) 866-7288

    3 Total Sales

    Ivy Gherscovici
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Map

Source: The MLS

MLS Number: 21-698780

The MLS

APN: 5405-008-022

California Los Angeles County Los Angeles 90026 Echo Park

1459 Wallace Ave Unit 1/2, Los Angeles, CA

This home is located at 1459 Wallace Ave Unit 1/2, Los Angeles, CA 90026 since 27 February 2021 and is currently priced at $1,323,189. This property was built in 1924. 1459 Wallace Ave Unit 1/2 is a home located in Los Angeles County with nearby schools including Logan Academy of Global Ecology, Belmont High School, and Ramón C. Cortines School of Visual and Performing Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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