NOT LISTED FOR SALE

1475 Wallace Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,019,645 - $1,183,000

2 Beds
1 Bath
737 Sq Ft
$1,513/Sq Ft Est. Value

Sale Details

Date Sold: July 10, 2025

Last sale price $1,160,000 $1,574 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,226 / mo

9 Days on Market

Highlights

  • Peek-A-Boo Views
  • Deck
  • Wood Flooring
  • Open Floorplan
  • Cathedral Ceiling
  • Marble Countertops

About This Home

As of July 2025

Nestled in the historic Angelino Heights neighborhood, this 1914 Mills Act-designated home combines timeless charm with modern comfort. Vaulted ceilings and tree-lined views create a bright, tranquil atmosphere, offering a unique hillside retreat. The kitchen features Statuario Arabescato marble countertops and backsplash, an ILVE Italian range, panel-ready Fisher & Paykel fridge, unlacquered brass fixtures, and a reverse osmosis water system, all thoughtfully integrated into an efficient, compact layout. A custom-built marble shelving niche in the living room adds an extra touch of elegance. The bathroom includes a glass-enclosed shower with Moroccan Zellige tiles, Carrara marble penny floor tiles, an exposed brass shower system, and slate flooring offering both style and function in perfect harmony. Additional highlights include a separate laundry room with LG washer/dryer, underfloor split system HVAC, EV charger in the driveway, and a private back patio that provides a peaceful space for relaxation or entertaining. Located just a short distance from Echo Park Lake and the vibrant Cookbook market strip on Sunset, this home is surrounded by Echo Park's best gems: Bacetti, Tilda Wine Bar, Lady Byrd Cafe, and the scenic trails of Elysian Park. With its Mills Act-designation, the home provides substantial property tax savings, offering a rare opportunity to enjoy historic elegance with financial benefits.

Last Agent to Sell the Property

Isabel Velez

Coldwell Banker Realty License #01848089 Listed on: 05/21/2025

Coldwell Banker Realty

Co-Listed By

Alexander Cabrera

Coldwell Banker Realty License #01970285

Last Buyer's Agent

Colby Brown

Compass License #02050094

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1914 | Remodeled

Lot Details

  • 2,130 Sq Ft Lot
  • Wrought Iron Fence
  • Sprinklers on Timer
  • Historic Home
  • Property is zoned LARD3

Home Design

  • Bungalow
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Copper Plumbing

Interior Spaces

  • 737 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Drapes & Rods
  • Living Room
  • Utility Room
  • Peek-A-Boo Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom
  • Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Driveway

Outdoor Features

  • Deck
  • Shed

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Water Purifier

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5405-008-026

Home Details

Home Type

Single Family

Year Built

Built in 1914 | Remodeled

Lot Details

2,130 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 737
  • Lot Acreage: 0.0489
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1914
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings, Open Floor Plan, Turnkey
  • Flooring: Laminate, Wood, Stone
  • Appliances: Gas/Electric Range, Microwave
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Stall, Linen Closet
  • Three Quarter Bathrooms: 0
  • Kitchen Features: Marble Counters
  • Laundry: Laundry Area, Room
  • Total Bathrooms: 1.00
  • Equipment: Ceiling Fan, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer, Water Purifier
  • Price Per S Q F T: 1350.07
  • Windows: Double Pane Windows, Drapes/Curtains

Exterior Features

  • Other Features: High Ceilings (9 Feet+), Historical, Full Copper Plumbing, Sprinkler System
  • Other Structures: Shed(s)
  • Foundation Details: Raised
  • Fence: Wrought Iron
  • Patio: Deck(s)
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: Peek-A-Boo
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Driveway
  • Total Parking: 1

Utilities

  • Water Heater: Gas
  • Cooling: Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Smoke Detector

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler Timer, Sprinkler System
  • Assessor Parcel Number: 5405-008-026
  • Lot Size Area: 2130

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2025
Closed on
Jun 19, 2025
Sold by
Bought by
Seller's Agent
Isabel Velez
Coldwell Banker Realty
Buyer's Agent
Colby Brown
Compass
List Price
$995,000
Sold Price
$1,160,000
Premium/Discount to List
$165,000
16.58%
Views
74
Current Estimated Value
$1,115,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,589
Avg. Annual Appreciation
-3.81%
Original Mortgage
$1,034,885
Interest Rate
0.055%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2019
Closed on
Oct 10, 2019
Sold by
Bought by
Seller's Agent
Ed Faktorovich
Figure 8 Realty
Buyer's Agent
Alexander Cabrera
Coldwell Banker Realty
List Price
$749,000
Sold Price
$776,000
Premium/Discount to List
$27,000
3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$726,525
Interest Rate
0.035%

Purchase Details

Closed on
Jun 9, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
0.0479%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
0.0556%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
0.082%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,160,000 Fidelity National Title
$776,000 Lawyers Title Company
$390,000 Lawyers Title
$349,000 Southland Title Corporation
$26,545 Orange Coast Title
-- Orange Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,034,885
Closed $718,500
Closed $726,525
Closed $311,028
Closed $312,000
Closed $279,200
Closed $100,000
Closed $56,000
Closed $82,500
Closed $25,000
Closed $14,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2025 07/10/25 Sold $1,160,000 +16.6% $1,574 / Sq Ft
05/30/2025 05/30/25 Pending -- -- --
05/21/2025 05/21/25 For Sale $995,000 +28.2% $1,350 / Sq Ft
10/24/2019 10/24/19 Sold $776,000 +3.6% $1,053 / Sq Ft View Prior Sale
10/07/2019 10/07/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $749,000 -- $1,016 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,419 $191,000 $122,000 $69,000
2024 $2,427 $191,000 $122,000 $69,000
2023 $2,534 $200,000 $128,000 $72,000
2022 $3,231 $266,000 $170,000 $96,000
2021 $3,039 $248,000 $159,000 $89,000
2020 $2,751 $219,000 $140,000 $79,000
2019 $2,494 $202,000 $162,000 $40,000
2018 $2,592 $208,000 $166,000 $42,000
2016 $1,758 $140,000 $112,000 $28,000
2015 $1,734 $138,000 $111,000 $27,000
2014 $1,769 $137,000 $110,000 $27,000
Source: Public Records

Agents Affiliated with this Home

  • Isabel Velez

    Seller's Agent in 2025

    Isabel Velez

    Coldwell Banker Realty

    (818) 335-4186

    1 in this area

    71 Total Sales

    Isabel Velez
    Section Image
  • Alexander Cabrera

    Seller Co-Listing Agent in 2025

    Alexander Cabrera

    Coldwell Banker Realty

    (818) 201-6322

    1 in this area

    72 Total Sales

    Alexander Cabrera
    Section Image
  • Colby Brown

    Buyer's Agent in 2025

    Colby Brown

    Compass

    (310) 872-4534

    1 in this area

    14 Total Sales

    Colby Brown
    Section Image

  • R

    Buyer Co-Listing Agent in 2025

    Robert Vitela

    Compass

    (424) 421-4469

    1 in this area

    12 Total Sales

    Robert Vitela
    Section Image
  • Ed Faktorovich

    Seller's Agent in 2019

    Ed Faktorovich

    Figure 8 Realty

    (323) 270-9303

    5 in this area

    74 Total Sales

    Ed Faktorovich
    Section Image
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Map

Source: The MLS

MLS Number: 25541601

The MLS

APN: 5405-008-026

California Los Angeles County Los Angeles 90026 Echo Park

1475 Wallace Ave, Los Angeles, CA

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The MLS © 2026 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.
Information is deemed reliable but not guaranteed.

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