NOT LISTED FOR SALE

1481 Galveston St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,275,000 - $2,033,000

6 Beds
4 Baths
2,905 Sq Ft
$575/Sq Ft Est. Value

Last Sold October 09, 2014

Last sale price $930,000 $320 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $10,167/month

12 Days on Market

About This Home

As of October 2014

Come take a look at this perfect investment opportunity! This fourplex is located in a highly desirable area of Echo Park, close to recently renovated Echo Park Lake, Dodger’s Stadium, Silver Lake, Downtown LA, Hollywood, and walking distance to Elysian Park. 2 buildings with 2 units each, 4 units total. 4 single garage units. 2 units have 2 bedroom 1 bath and 2 units have 1 bedroom 1 bath. Each unit has its own washer/dryer hookup. Tenants pay their own electricity, trash, and gas (4 gas and 4 electric meters) while owner pays for water. 1 building has brand new roofing. One of the best location in Echo Park! Close to freeway, restaurants, shops, and stores within blocks of this property. Don’t miss your chance to own this one-of-a-kind property! Property to be sold as is.

Last Agent to Sell the Property

Mike Hsieh

RE/MAX TOP PRODUCERS License #01812059 Listed on: 08/13/2014

RE/MAX TOP PRODUCERS

Last Buyer's Agent

Laura Epstein

ACME Real Estate License #01911503

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,569

Year Built

  • Built in 1931

Lot Details

  • 4,623 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 2,905 Sq Ft Home
  • Split Level Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 3,3
  • Tax Tract Number 5653
  • Assessor Parcel Number 5419026028

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,569

Year Built

Built in 1931

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5419026028
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Multi/Split
  • Price Per Square Foot: 320.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4623.00
  • Lot Size Acres: 0.1060

Multi Family

  • Gross Income: 1845.00
  • Lot Size Area: 4623.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 3,3
  • Tax Tract Number: 5653
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2021
Sold by
Ekedahl Craig M and Haller Jamie L
Bought by
Ekedahl Craig M and Haller Jamie L
Current Estimated Value
$1,671,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2016
Sold by
Ekedahl Craig and Haller Jamie
Bought by
Ekedahl Craig M and Haller Jamie L

Purchase Details

Listed on
Aug 13, 2014
Closed on
Aug 27, 2014
Sold by
Soohoo Man Siu and Seto Hubert
Bought by
Ekedahl Craig and Haller Jamie
Seller's Agent
Mike Hsieh
RE/MAX TOP PRODUCERS
Buyer's Agent
Laura Epstein
ACME Real Estate
List Price
$829,000
Sold Price
$930,000
Premium/Discount to List
$101,000
12.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$697,500
Interest Rate
4.08%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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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
Ekedahl Craig M -- First American Title Company
Ekedahl Craig M -- None Available
Ekedahl Craig $930,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ekedahl Family Trust $661,000
Previous Owner Ekedahl Craig M $629,000
Previous Owner Ekedahl Craig $697,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2014 10/09/14 Sold $930,000 +12.2% $320 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $829,000 -- $285 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,569 $1,117,713 $781,199 $336,514
2024 $13,569 $1,095,798 $765,882 $329,916
2023 $13,308 $1,074,313 $750,865 $323,448
2022 $12,691 $1,053,249 $736,143 $317,106
2021 $12,528 $1,032,598 $721,709 $310,889
2020 $12,654 $1,022,011 $714,309 $307,702
2019 $12,155 $1,001,972 $700,303 $301,669
2018 $12,059 $982,326 $686,572 $295,754
2016 $11,516 $944,182 $659,912 $284,270
2015 $11,349 $930,000 $650,000 $280,000
2014 $1,895 $138,508 $47,667 $90,841
Source: Public Records

Agents Affiliated with this Home

  • Mike Hsieh

    Seller's Agent in 2014

    Mike Hsieh

    RE/MAX

    (909) 770-5055

    38 Total Sales

    Mike Hsieh
    Section Image

  • L

    Buyer's Agent in 2014

    Laura Epstein

    ACME Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14173959

California Regional Multiple Listing Service (CRMLS)

APN: 5419-026-028

California Los Angeles County Los Angeles 90026 Echo Park

1481 Galveston St, Los Angeles, CA

This home is located at 1481 Galveston St, Los Angeles, CA 90026 since 13 August 2014 and is currently estimated at $1,671,357, approximately $575 per square foot. This property was built in 1931. 1481 Galveston St 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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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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