NOT LISTED FOR SALE

1626 Echo Park Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,193,544 - $1,886,000

6 Beds
3 Baths
3,163 Sq Ft
$444/Sq Ft Est. Value

Last Sold November 07, 2024

Last sale price $1,225,000 $387 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,523/month

44 Days on Market

Highlights

  • 1-Story Property
  • John Marshall Senior High Rated A
  • Auto Driveway Gate

About This Home

As of November 2024

This well maintained triplex in the middle of Echo Park is listed for the first time in 20 years. The property has a fenced off driveway. One unit is accessible from the street, with the other two units having access from inside the gated driveway. The property is perfect for an everyday investor or an owner/user, with one unit being delivered vacant. The property is only a couple minute drive to Dodger Stadium and within walking distance to restaurants and stores in the area.

Last Agent to Sell the Property

Elliot Hassan

NorthMarq Realty Services, Inc. License #01481211 Listed on: 09/11/2024

Last Buyer's Agent

Elliot Hassan

NorthMarq Realty Services, Inc. License #01481211 Listed on: 09/11/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 5,410

Parking

  • Auto Driveway Gate

Interior Spaces

  • 3,163 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 5,410 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5420-028-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

5,410 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3163
  • Lot Acreage: 0.1242
  • Year Built: 1938
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 387.29

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway Gate

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 24.99
  • Assessed Improvement Value: 193474
  • Assessed Land Percent: 75.01
  • Assessed Land Value: 580789
  • Total Assessed Value: 774263
  • Assessor Parcel Number: 5420-028-017
  • Lot Size Area: 5410

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.76
  • Number Of Units: 3
  • Type Of Units: Income

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2025
Sold by
Arastu Family Trust and Arastu Azam Husain
Bought by
Pluto-Rana Properties Llc
Current Estimated Value
$1,272,586

Purchase Details

Closed on
Feb 6, 2025
Sold by
Arastu Azam and Arastu Rukhsana
Bought by
Arastu Family Trust and Arastu

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 27, 2024
Sold by
Mercado Giancarlo and Mercado Albert William
Bought by
Arastu Azam and Arastu Rukhsana
Seller's Agent
Elliot Hassan
NorthMarq Realty Services, Inc.
Buyer's Agent
Elliot Hassan
NorthMarq Realty Services, Inc.
List Price
$1,300,000
Sold Price
$1,225,000
Premium/Discount to List
-$75,000
-5.77%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.53%
Original Mortgage
$857,500
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2021
Sold by
Giancarlo Mercado 2006 Living Trust and Mercado Giancarlo
Bought by
Mercado Giancarlo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2014
Sold by
Mercado Giancarlo
Bought by
Mercado Giancarlo and Giancarlo Mercado 2006 Living

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,900
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2004
Sold by
Young Jody M
Bought by
Mercado Giancarlo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,563
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2002
Sold by
Degidio Joseph and Degidio Nicola
Bought by
Young Jody M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
6.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pluto-Rana Properties Llc -- None Listed On Document
Arastu Family Trust -- None Listed On Document
Arastu Azam $1,225,000 Old Republic Title Company
Mercado Giancarlo -- Provident Title
Mercado Giancarlo -- Fidelity National Title Co
Mercado Giancarlo $575,000 Equity Title Company
Young Jody M $294,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arastu Azam $857,500
Previous Owner Mercado Giancarlo $500,000
Previous Owner Mercado Giancarlo $585,900
Previous Owner Mercado Giancarlo $508,563
Previous Owner Young Jody M $235,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2024 11/07/24 Sold $1,225,000 -5.8% $387 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $1,300,000 -- $411 / Sq Ft
Source: The MLS

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 $9,953 $1,225,000 $700,000 $525,000
2024 $9,953 $789,747 $592,404 $197,343
2023 $9,765 $774,263 $580,789 $193,474
2022 $9,318 $759,082 $569,401 $189,681
2021 $9,193 $744,199 $558,237 $185,962
2020 $9,282 $736,569 $552,513 $184,056
2019 $8,922 $722,128 $541,680 $180,448
2018 $8,827 $707,969 $531,059 $176,910
2016 $8,418 $680,481 $510,439 $170,042
2015 $8,298 $670,260 $502,772 $167,488
2014 $8,339 $657,132 $492,924 $164,208
Source: Public Records

Agents Affiliated with this Home

  • Elliot Hassan

    Seller's Agent in 2024

    Elliot Hassan

    NorthMarq Realty Services, Inc.

    (213) 943-1800

    1 in this area

    38 Total Sales

    Elliot Hassan
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Map

Source: The MLS

MLS Number: 24-438277

The MLS

APN: 5420-028-017

California Los Angeles County Los Angeles 90026 Echo Park

1626 Echo Park Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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