NOT LISTED FOR SALE

1539 N Coronado St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,500,000 - $1,703,000

5 Beds
4 Baths
2,424 Sq Ft
$661/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $1,500,000 $619 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,913/month

68 Days on Market

Highlights

  • 2 Car Detached Garage
  • John Marshall Senior High Rated A
  • Air Conditioning

About This Home

As of November 2023

Beautiful Single Family Home plus duplex located on the best tree lined street in Echo Park. Seller motivated for 1031 exchange purpose. Property was completely gut remodeled by current ownership, with complete basement retrofit of duplex. All units currently fully occupied with great rents. Rents are actual. Perfect for investor or owner user. Has a standalone single family house with 3 bedrooms/two baths with detached garage. Duplex is on the same parcel but feels like it's on a separate property. Tons of privacy for main house with excellent rental income coming from the duplex. Moments away from Sunset Blvd, Mohawk Bend, Pijja Palace and the Short Stop. There is a massive basement below the duplex that can easily be converted into a unit. It has the all the plumbing in place. Low maintenance, great tenants and easy cash flow.

Last Agent to Sell the Property

Fahim Shah

Fahim Shah Realty License #00763453 Listed on: 09/14/2023

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,393

Year Built

  • Built in 1915

Lot Details

  • 6,555

Parking

  • 2 Car Detached Garage

Home Design

  • 2,424 Sq Ft Home
  • Split Level Home

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Additional Features

  • Washer
  • 6,555 Sq Ft Lot

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5424-004-042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,393

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2424
  • Lot Acreage: 0.1505
  • Year Built: 1915
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Microwave, Range/Oven, Washer, Stackable W/D Hookup
  • Price Per S Q F T: 618.81

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 29.47
  • Assessed Improvement Value: 234639
  • Assessed Land Percent: 70.53
  • Assessed Land Value: 561504
  • Total Assessed Value: 796143
  • Assessor Parcel Number: 5424-004-042
  • Lot Size Area: 6555

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Nov 2, 2023
Sold by
Simone Shah Trust
Bought by
Neeru Grover Revocable Trust and Grover
Seller's Agent
Fahim Shah
Fahim Shah Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%
Views
188
Current Estimated Value
$1,601,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,122
Avg. Annual Appreciation
3.47%

Purchase Details

Closed on
Dec 14, 2016
Sold by
Raneesi Llc
Bought by
Grover Rajiv and The Rajiv Grover Revocable Tru

Purchase Details

Closed on
Nov 27, 2014
Sold by
Grover Neeru and The Neeru Grover Revocable Tru
Bought by
Raneesi Llc

Purchase Details

Closed on
Apr 5, 2014
Sold by
Grover Neeru and The Neeru Grover Revocable Tru
Bought by
Grover Neeru and The Neeru Grover Revocable Tru

Purchase Details

Listed on
Jun 10, 2013
Closed on
Jul 1, 2013
Sold by
Salazar Hugo and Salazar Divina
Bought by
Grover Neeru and Neeru Grover Revocable Trust
Seller's Agent
ANA BELTRAN
Home Heights Realty
Buyer's Agent
Fahim Shah
Fahim Shah Realty
List Price
$675,000
Sold Price
$610,000
Premium/Discount to List
-$65,000
-9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%
Original Mortgage
$427,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2011
Sold by
Salazar Christian
Bought by
Salazar Hugo and Salazar Divina

Purchase Details

Closed on
Jun 19, 1997
Sold by
Salazar Hugo and Salazar Divina
Bought by
Salazar Hugo and Salazar Divina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.96%

Purchase Details

Closed on
Apr 29, 1997
Sold by
Salazar Hugo and Salazar Divina
Bought by
Salazar Hugo and Salazar Divina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.96%
Source: Public Records

Range of Values:

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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
Neeru Grover Revocable Trust $286,500 None Listed On Document
Grover Rajiv -- Accommodation
Raneesi Llc -- None Available
Grover Neeru -- None Available
Grover Neeru $610,000 Chicago Title Company
Salazar Hugo -- None Available
Salazar Hugo -- --
Salazar Hugo -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grover Neeru $427,000
Previous Owner Salazar Hugo $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $1,500,000 0.0% $619 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
10/26/2023 10/26/23 Price Changed $1,500,000 -5.7% $619 / Sq Ft
10/10/2023 10/10/23 Price Changed $1,590,000 -3.6% $656 / Sq Ft
09/14/2023 09/14/23 For Sale $1,650,000 +170.5% $681 / Sq Ft
08/02/2013 08/02/13 Sold $610,000 -9.6% $301 / Sq Ft View Prior Sale
06/28/2013 06/28/13 Pending -- -- --
04/14/2013 04/14/13 For Sale $675,000 -- $333 / 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 $18,393 $1,530,000 $765,000 $765,000
2024 $18,393 $1,500,000 $750,000 $750,000
2023 $10,137 $812,065 $572,734 $239,331
2022 $9,670 $796,143 $561,504 $234,639
2021 $9,545 $780,534 $550,495 $230,039
2020 $9,639 $772,532 $544,851 $227,681
2019 $9,262 $757,385 $534,168 $223,217
2018 $9,164 $742,536 $523,695 $218,841
2016 $8,482 $698,017 $503,360 $194,657
2015 $7,858 $647,110 $495,800 $151,310
2014 $7,603 $610,000 $488,000 $122,000
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Fahim Shah

    Fahim Shah Realty

    Section Image

  • S

    Buyer's Agent in 2023

    Subscriber Non

    Non-Participant Office

  • ANA BELTRAN

    Seller's Agent in 2013

    ANA BELTRAN

    Home Heights Realty

    (909) 206-1141

    15 Total Sales

    ANA BELTRAN
    Section Image
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Map

Source: The MLS

MLS Number: 23-311665

The MLS

APN: 5424-004-042

California Los Angeles County Los Angeles 90026 Echo Park

1539 N Coronado St, Los Angeles, CA

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