NOT LISTED FOR SALE

1485 Avon Park Terrace Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,102,806 - $2,082,000

4 Beds
4 Baths
1,888 Sq Ft
$832/Sq Ft Est. Value

Last Sold May 01, 2017

Last sale price $1,380,000 $731 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,143/month

14 Days on Market

Highlights

  • Canyon View
  • Wood Flooring
  • Tandem Parking
  • John Marshall Senior High Rated A
  • Stone Countertops
  • Laundry Room

About This Home

As of May 2017

Always in demand but in short supply: That elusive vintage 4-plex in a quiet corner of Elysian Heights, renovated in just the right way, accented by whimsical landscaping and only steps away from the Park. It includes two 1920 bungalows at the rear and a 1940 duplex at the front, now used as a 2BR/1.75BA unit (that could easily be converted back) with view deck, bonus workshop/office space below and attached 1-car garage. 1485 and 1487 delivered vacant at the close ! The property was remodeled inside and out in 2007-2008 combining original elements w/modern touches, a refurbished 3-car garage and parking for 3 additional cars. The owners have made thoughtful garden choices, mixing in an array of desert flora among the old trees and creating restful spots to muse in. The two 1+1 bungalows each have a front porch, a small yard area, privacy and parking along with separate laundry, remodeled baths, updated kitchen cabinetry, Caesarstone counters and dishwasher. A truly special property.

Last Agent to Sell the Property

Judy Oroshnik

Compass License #01011387 Listed on: 03/31/2017

Compass

Co-Listed By

Dean Decent

Compass License #01495156

Last Buyer's Agent

LINA ZHANG

License #01188114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,197

Year Built

  • Built in 1920

Lot Details

  • 7,493

Home Design

  • Quadruplex
  • Bungalow

Interior Spaces

  • 1,888 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Canyon Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • Tandem Parking
  • Driveway

Additional Features

  • 7,493 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5415-006-043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,197

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 1888
  • Stories: 1
  • Year Built: 1920
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Stone Counters
  • Laundry: Laundry Area
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 635.59

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway - Concrete, Garage - 3 Car, Tandem
  • Total Parking: 7

Utilities

  • Heating: Wall
  • Water Expense: 1128.00

Fee Information

  • Insurance Expense: 1512.00

Lot Info

  • Assessor Parcel Number: 5415-006-043
  • Geocode Override: No
  • Lot Size Area: 7493

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 3840
  • Type Of Units: 4-plex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
Apr 24, 2017
Sold by
Cheung Man Hon
Bought by
Cheung Jenny Leung
Seller's Agent
Judy Oroshnik
Compass
Buyer's Agent
LINA ZHANG
List Price
$1,200,000
Sold Price
$1,380,000
Premium/Discount to List
$180,000
15%
Current Estimated Value
$1,570,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,952
Avg. Annual Appreciation
1.09%

Purchase Details

Closed on
Jul 21, 2015
Sold by
Brady Joseph M
Bought by
Brady Joseph M and Hammon Meredith C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Outstanding Balance
$445,880
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$1,064,638

Purchase Details

Closed on
Sep 6, 2006
Sold by
Hoj Kimberly and Rolfe Daniel
Bought by
Brady Joseph M

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
1.25%
Mortgage Type
Negative Amortization
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
Cheung Jenny Leung -- California Title Company
Brady Joseph M -- None Available
Brady Joseph M $680,000 California Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brady Joseph M $565,000
Previous Owner Brady Joseph M $544,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2017 05/01/17 Sold $1,380,000 +15.0% $731 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $1,200,000 -- $636 / 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 $19,197 $1,601,603 $1,160,584 $441,019
2024 $19,197 $1,570,200 $1,137,828 $432,372
2023 $18,823 $1,539,413 $1,115,518 $423,895
2022 $17,943 $1,509,230 $1,093,646 $415,584
2021 $17,727 $1,479,638 $1,072,202 $407,436
2020 $17,911 $1,464,467 $1,061,208 $403,259
2019 $17,195 $1,435,752 $1,040,400 $395,352
2018 $17,134 $1,407,600 $1,020,000 $387,600
2016 $9,356 $769,600 $536,909 $232,691
2015 $8,289 $680,000 $474,400 $205,600
2014 $8,499 $680,000 $474,400 $205,600
Source: Public Records

Agents Affiliated with this Home

  • Judy Oroshnik

    Seller's Agent in 2017

    Judy Oroshnik

    Compass

    (323) 528-2557

    1 in this area

    13 Total Sales

    Judy Oroshnik
    Section Image

  • D

    Seller Co-Listing Agent in 2017

    Dean Decent

    Compass

    Section Image

  • L

    Buyer's Agent in 2017

    LINA ZHANG

See All Agents

Map

Source: The MLS

MLS Number: 17-215934

The MLS

APN: 5415-006-043

California Los Angeles County Los Angeles 90026 Echo Park

1485 Avon Park Terrace, Los Angeles, CA

This home is located at 1485 Avon Park Terrace, Los Angeles, CA 90026 since 31 March 2017 and is currently estimated at $1,570,952, approximately $832 per square foot. This property was built in 1920. 1485 Avon Park Terrace is a home located in Los Angeles County with nearby schools including Elysian Heights Elementary, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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