NOT LISTED FOR SALE

1624 Fargo St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,065,000 - $1,247,318

2 Beds
2 Baths
1,166 Sq Ft
$1,017/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $420,000 $360 Per Sq Ft

Est. 182% increase in value since last sale

Current estimated payment $6,974/month

Highlights

  • All Bedrooms Downstairs
  • View of Hills
  • No HOA
  • John Marshall Senior High Rated A
  • Wood Flooring
  • Turnkey

About This Home

As of June 2012

Absolutely ADORABLE Duplex w/2 separate buildings w/a grassy area/patio area in between. Each building has 1 bedroom and 1 bathroom. 1 house is 569 sq ft. The other is 597 sq ft. The entire deck and side fence has recently been replaced!

Last Agent to Sell the Property

Shaye Sullwold

The Cosmopolitan Group License #01907783 Listed on: 02/07/2012

Last Buyer's Agent

Karin Christa

No Firm Affiliation License #01163450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,329

Year Built

  • Built in 1939

Lot Details

  • 4,443 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • Turnkey
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,166 Sq Ft Home
  • Wood Flooring
  • Views of Hills

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 1974
  • Assessor Parcel Number 5420021016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,165
  • Net Operating Income $3,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,329

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Assessments: Yes
  • View: Yes
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5420021016
  • Year Built: 1939
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Price Per Square Foot: 360.21
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Hills
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Total Parking Spaces: 1.00

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 4443.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Scheduled Income: 3500.00
  • Insurance Expense: 1165.00
  • Lot Size Area: 4443.0000 Square Feet
  • Net Operating Income: 3420.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 80.00
  • Rent Control: Yes
  • Total Actual Rent: 3500.00

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 1974

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2019
Sold by
Kennan Zachary D and Kennan Sara M
Bought by
Kennan Zachary D
Current Estimated Value
$1,185,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$652,417
Interest Rate
3.6%
Estimated Equity
$533,163

Purchase Details

Listed on
Feb 7, 2012
Closed on
May 29, 2012
Sold by
Marsic Dijana and Skoblar Anthony
Bought by
Kennan Zachary D
Seller's Agent
Shaye Sullwold
The Cosmopolitan Group
Buyer's Agent
Karin Christa
No Firm Affiliation
Sold Price
$420,000

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
$404,965
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2007
Sold by
Azzam Inas S
Bought by
Marsic Dijana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
7%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 3, 2007
Sold by
Desmarais Marc
Bought by
Marsic Dijana and Skoblar Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
7%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 7, 2003
Sold by
Jones Deborah G
Bought by
Desmarais Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2003
Sold by
Ayers Paul R
Bought by
Desmarais Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage
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
Kennan Zachary D -- Title Connect Inc
Kennan Zachary D $420,000 Lawyers Title
Marsic Dijana -- California Title Company
Marsic Dijana $685,000 California Title Company
Desmarais Marc -- Southland Title
Desmarais Marc $310,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kennan Zachary D $740,000
Previous Owner Kenman Zachary D $623,000
Previous Owner Kennan Zachary D $625,000
Previous Owner Kennan Zachary D $404,965
Previous Owner Marsic Dijana $548,000
Previous Owner Desmarais Marc $248,000
Closed Desmarais Marc $46,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $420,000 -- $360 / Sq Ft
02/07/2012 02/07/12 Pending -- -- --
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 $6,329 $527,531 $376,811 $150,720
2024 $6,329 $517,188 $369,423 $147,765
2023 $6,206 $507,048 $362,180 $144,868
2022 $5,915 $497,107 $355,079 $142,028
2021 $5,840 $487,361 $348,117 $139,244
2020 $5,896 $482,365 $344,548 $137,817
2019 $5,663 $472,908 $337,793 $135,115
2018 $5,646 $463,636 $331,170 $132,466
2016 $5,391 $445,634 $318,311 $127,323
2015 $5,312 $438,941 $313,530 $125,411
2014 $5,338 $430,344 $307,389 $122,955
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Shaye Sullwold

    The Cosmopolitan Group

    (818) 986-7283

    15 Total Sales

    Shaye Sullwold
    Section Image

  • K

    Buyer's Agent in 2012

    Karin Christa

    No Firm Affiliation

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12015284

California Regional Multiple Listing Service (CRMLS)

APN: 5420-021-016

California Los Angeles County Los Angeles 90026 Echo Park

1624 Fargo St, Los Angeles, CA

This home is located at 1624 Fargo St, Los Angeles, CA 90026 since 07 February 2012 and is currently estimated at $1,185,580, approximately $1,016 per square foot. This property was built in 1939. 1624 Fargo St 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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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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