NOT LISTED FOR SALE

1461 W Sunset Blvd Unit 24 Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $6,823,140

-- Bed
2 Baths
15,270 Sq Ft
$447/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $4,650,000 $305 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $43,005/month

10 Days on Market

About This Home

As of May 2016

We are pleased to present for sale an excellent opportunity to own in one of Los Angeles most desirable pockets, Echo Park. 1461 W. Sunset Blvd. is a 15,270 square foot 24 unit mixed-use building situated on a 6,807 square foot lot zoned LAC2. It is composed of six (6) one bedroom, one bath units, fourteen (14) studio units, and four (4) retail spaces with frontage on PRIME Sunset Blvd. Built in 1925, the subject property maintains its 1920's exterior charm with exquisite brick details.It features 100% copper plumbing and a completely upgraded electrical system. Ten (10) units are remodeled to feature tile flooring, new appliances, new kitchen counter-tops and fresh coats of paint. There is on-site laundry and two tandem parking spaces in the rear. The retail units are on month-to-month leases, providing immediate upside for new owners. The subject property mastered metered for gas.

Last Agent to Sell the Property

Nicole Apostolos

Equity Union License #01464936 Listed on: 04/01/2016

Equity Union

Last Buyer's Agent

Nicole Apostolos

Equity Union License #01464936 Listed on: 04/01/2016

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $81,959

Year Built

  • Built in 1925

Lot Details

  • 6,807 Sq Ft Lot

Interior Spaces

  • 15,270 Sq Ft Home
  • 3-Story Property

Parking

  • 2 Parking Spaces
  • On-Street Parking

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 5406-001-043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$81,959

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 15270
  • Stories: 3
  • Year Built: 1925
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 301.24

Exterior Features

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

Garage/Parking

  • Parking Garage: On street
  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 117486
  • Assessed Land Value: 276445
  • Assessor Parcel Number: 5406-001-043
  • Geocode Override: No
  • Lot Size Area: 6807

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.49
  • Number Of Units: 24
  • Total Annual Expense: 120503
  • Type Of Units: Mix
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2023
Sold by
1461 Sunset Blvd Llc
Bought by
Sunset Portia Llc
Current Estimated Value
$6,823,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Outstanding Balance
$2,625,166
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$4,197,974

Purchase Details

Closed on
Mar 11, 2019
Sold by
1461 W Sunset Llc
Bought by
1461 Sunset Blvd Llc

Purchase Details

Closed on
May 7, 2018
Sold by
1461 W Sunset Llc
Bought by
1461 W Sunset Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,250,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 3, 2016
Sold by
Ambatielos Evangelos
Bought by
1461 W Sunset Llc
Seller's Agent
Nicole Apostolos
Equity Union
Buyer's Agent
Nicole Apostolos
Equity Union
List Price
$4,600,000
Sold Price
$4,650,000
Premium/Discount to List
$50,000
1.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
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
Sunset Portia Llc $6,525,000 Old Republic Title Company
1461 Sunset Blvd Llc $7,800,000 First American Title Ins Co
1461 W Sunset Llc -- North American Title Company
1461 W Sunset Llc $4,650,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunset Portia Llc $3,200,000
Previous Owner 1461 W Sunset Llc $4,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2016 05/11/16 Sold $4,650,000 +1.1% $305 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $4,600,000 -- $301 / 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 $81,959 $6,788,610 $5,202,000 $1,586,610
2024 $81,959 $6,655,500 $5,100,000 $1,555,500
2023 $102,422 $8,363,174 $7,130,142 $1,233,032
2022 $97,653 $8,199,191 $6,990,336 $1,208,855
2021 $96,443 $8,038,423 $6,853,271 $1,185,152
2020 $97,443 $7,964,200 $6,783,000 $1,181,200
2019 $59,033 $4,868,532 $4,191,771 $676,761
2018 $58,815 $4,773,232 $4,109,580 $663,652
2016 $6,302 $399,937 $280,660 $119,277
2015 $6,232 $393,931 $276,445 $117,486
2014 $6,299 $386,215 $271,030 $115,185
Source: Public Records

Agents Affiliated with this Home

  • Nicole Apostolos

    Seller's Agent in 2016

    Nicole Apostolos

    Equity Union

    (818) 747-7442

    1 in this area

    27 Total Sales

    Nicole Apostolos
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Map

Source: The MLS

MLS Number: 16-111296

The MLS

APN: 5406-001-043

California Los Angeles County Los Angeles 90026 Echo Park

1461 W Sunset Blvd Unit 24, Los Angeles, CA

This home is located at 1461 W Sunset Blvd Unit 24, Los Angeles, CA 90026 since 01 April 2016 and is currently estimated at $6,823,140, approximately $446 per square foot. This property was built in 1925. 1461 W Sunset Blvd Unit 24 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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