$850,000

Estimated payment $5,612/month

Total Views 43,941
6 Beds
4 Baths
2,267 Sq Ft
$375 Price per Sq Ft

Highlights

  • City Lights View
  • Wood Flooring
  • Bike Trail
  • Community Lake
  • Attic
  • 5-minute walk to Patton Street Park

About This Home

Detached duplex, and investment opportunity in prime location minutes to historic Echo Park Lake and across the street from the Echo Park tennis courts, adjacent to DTLA and Dodger Stadium. Fully leased with decent rent flow with room for upside, with good long term tenants. Front home is a 3 bedroom 2 bath Victorian, 2 story home waiting to be restored, with a built out attic, and approximately 1480 sqft. Back detached house is 3 bedroom 1 and 1/2 baths and approximately 790 sqft. Priced to sell. Street parking only

Listing Agent

Melanie Guillen

Lee & Associates Los Angeles Brokerage Phone: 323-702-3850 License #01322895 Listed on: 07/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,848

Year Built

  • Built in 1896

Lot Details

  • 4,400 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 2,267 Sq Ft Home
  • 2-Story Property
  • City Lights Views
  • Attic

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 8 / 39
  • Tax Tract Number 208002
  • Assessor Parcel Number 5160002008

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Community Lake

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $722
  • Water Sewer Expense $661
  • Operating Expense $1,591
  • Gross Income $40,585
  • Net Operating Income $38,994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,848

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Price Per Unit: 425000
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 661.22
  • Zoning: LACW
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5160002008
  • Year Built: 1896
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: up stairs
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 374.94
  • Room Type: Attic

Exterior Features

  • View: City Lights
  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Lake, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4400.00
  • Lot Size Acres: 0.1010

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40584.90
  • Gross Scheduled Income: 40584.90
  • Insurance Expense: 721.74
  • Lot Size Area: 4400.0000 Square Feet
  • Net Operating Income: 38993.62
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1591.28
  • Rent Control: Yes
  • Total Expenses: 1591.28

Tax Info

  • Tax Block: 39
  • Tax Census Tract: 2080.02
  • Tax Lot: 8
  • Tax Tract Number: 208002

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $10,848 $867,000 $612,000 $255,000
2023 $2,276 $152,246 $132,744 $19,502
2022 $2,188 $149,262 $130,142 $19,120
2021 $2,148 $146,337 $127,591 $18,746
2019 $2,093 $141,998 $123,807 $18,191
2018 $2,006 $139,215 $121,380 $17,835
2016 $1,902 $133,811 $116,667 $17,144
2015 $1,878 $131,802 $114,915 $16,887
2014 $1,906 $129,221 $112,664 $16,557
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Price Changed $850,000 0.0% $375 / Sq Ft
02/03/2025 02/03/25 For Sale $850,000 -45.2% $375 / Sq Ft
01/31/2025 01/31/25 Sold $1,550,000 +82.4% $684 / Sq Ft
07/07/2024 07/07/24 For Sale $850,000 -- $375 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24138519

California Regional Multiple Listing Service (CRMLS)

APN: 5160-002-008