NOT LISTED FOR SALE

1519 Allesandro St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,234,000 - $2,348,000

4 Beds
3 Baths
2,819 Sq Ft
$643/Sq Ft Est. Value

Last Sold August 03, 2016

Last sale price $1,430,000 $507 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,146/month

57 Days on Market

Highlights

  • Art Studio
  • Panoramic View
  • Property is near a park
  • John Marshall Senior High Rated A
  • Open Floorplan
  • Wooded Lot

About This Home

As of August 2016

This grande dame of Silver Lake/Echo Park is a romantic Spanish Revival triplex. Built in 1926 & 1935, it has two separate buildings: duplex at the front, and single family, 2-story house behind with landscaped private yards, patios and old-growth foliage and trees.
Upper unit in duplex is 2/1, 976 sq.ft., fireplace, central heat, laundry, plus a 400 sq.ft. private deck with city views. Lower unit is a 1/1, 700 sq.ft. with laundry and four garages below.
Detached house in the back is 1 bd (plus 2 auxiliary rooms), 1 1/2 bath, 1143 sq.ft. Large gourmet kitchen with KitchenAid Architect Series refrigerator, BlueStar cook top with grill, and Viking double ovens, central heat & air, Asko washer & dryer, Takagi tankless water heater and working fireplace. French doors lead out to a very private back yard and patio where there’s a 160 sq.ft. studio space.
All electrical and plumbing have been replaced and upgraded. Kitchens and bathrooms have been partially remodeled.

Last Agent to Sell the Property

Paul Goff

Realty Trust License #01879752 Listed on: 07/27/2016

Last Buyer's Agent

Robert Giambalvo

Redfin Corporation License #01955817

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,938

Year Built

  • Built in 1935

Lot Details

  • 7,588 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Partially Fenced Property
  • Stucco Fence
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Wooded Lot
  • Private Yard
  • Lawn
  • Back Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Up Slope from Street
  • Off-Street Parking

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Hills

Home Design

  • Spanish Architecture
  • Tile Roof
  • Copper Plumbing
  • Plaster

Interior Spaces

  • 2,819 Sq Ft Home
  • Open Floorplan
  • Beamed Ceilings
  • Awning
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Den
  • Bonus Room
  • Art Studio
  • Wood Flooring
  • Tile Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Outbuilding

Additional Homes

  • Two Homes on a Lot

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 1519
  • Assessor Parcel Number 5424002018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,566
  • Water Sewer Expense $1,500
  • New Taxes Expense $5,010
  • Gross Income $5,848
  • Net Operating Income $67,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,938

Year Built

Built in 1935

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5424002018
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Copper Plumbing Full, Living Room Deck Attached, Open Floorplan, Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 507.27
  • Room Type: Art Studio, Bonus Room, Den

Exterior Features

  • Other Structures: Outbuilding, Storage, Two On A Lot
  • Exterior Features: Awning(s)
  • View: City Lights, Hills, Panoramic, Trees/Woods
  • Fencing: Partial, Stucco Wall, Wrought Iron
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Plaster

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Off Street, Side by Side
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Lot 6500-9999, Paved, Park Nearby, Sprinkler System, Near Public Transit, Treed Lot, Up Slope from Street, Yard
  • Lot Size Sq Ft: 7588.00
  • Price Per Lot Square Foot: 188.46
  • Lot Size Acres: 0.1740

Multi Family

  • Gross Income: 5848.00
  • Gross Scheduled Income: 70176.00
  • Insurance Expense: 1566.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7588.0000 Square Feet
  • Net Operating Income: 67176.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 3000.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5010.00
  • Tax Lot: 1519
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2016
Sold by
Wiltzer Doris E and Doris E Wiltzer Revocable Trus
Bought by
Ke Lihui and Ke Junjie
Current Estimated Value
$1,811,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 15, 2014
Sold by
Wiltzer Doris E
Bought by
Wiltzer Doris E and The Doris E Wiltzer Revocable

Purchase Details

Closed on
Oct 25, 2013
Sold by
Wiltzer Doris E and The Doris E Wiltzer Revocable
Bought by
Wiltzer Doris E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,400
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2012
Sold by
Wiltzer Doris E
Bought by
Wiltzer Doris E and Doris E Wiltzer Revocable Trus

Purchase Details

Closed on
Nov 8, 1999
Sold by
And Emma Wiltzer Trust Wiltzer Helgard And Em
Bought by
Wiltzer Doris Elaine
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
Ke Lihui $1,430,000 Fidelity Sherman Oaks
Wiltzer Doris E -- None Available
Wiltzer Doris E -- Wfg Title Insurance Company
Wiltzer Doris E -- None Available
Wiltzer Doris Elaine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ke Lihui $1,072,500
Previous Owner Wiltzer Doris E $296,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2016 08/03/16 Sold $1,430,000 -4.3% $507 / Sq Ft
07/27/2016 07/27/16 For Sale $1,495,000 0.0% $530 / Sq Ft
04/09/2016 04/09/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $1,495,000 -- $530 / 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 $19,938 $1,659,633 $1,276,642 $382,991
2024 $19,938 $1,627,092 $1,251,610 $375,482
2023 $19,550 $1,595,189 $1,227,069 $368,120
2022 $18,638 $1,563,911 $1,203,009 $360,902
2021 $18,408 $1,533,247 $1,179,421 $353,826
2020 $18,597 $1,517,526 $1,167,328 $350,198
2019 $17,856 $1,487,772 $1,144,440 $343,332
2018 $17,766 $1,458,600 $1,122,000 $336,600
2016 $5,082 $403,403 $93,767 $309,636
2015 $5,011 $397,344 $92,359 $304,985
2014 $5,046 $389,561 $90,550 $299,011
Source: Public Records

Agents Affiliated with this Home

  • Paul Goff

    Seller's Agent in 2016

    Paul Goff

    Realty Trust

    (310) 980-7612

    42 Total Sales

    Paul Goff
    Section Image

  • R

    Buyer's Agent in 2016

    Robert Giambalvo

    Redfin Corporation

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT16030195

California Regional Multiple Listing Service (CRMLS)

APN: 5424-002-018

California Los Angeles County Los Angeles 90026 Echo Park

1519 Allesandro St, Los Angeles, CA

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