NOT LISTED FOR SALE

1629 Preston Ln Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,421,000 - $1,873,000

3 Beds
3 Baths
1,948 Sq Ft
$803/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $1,450,000 $744 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $9,620/month

11 Days on Market

Highlights

  • City View
  • Wood Flooring
  • No HOA
  • John Marshall Senior High Rated A
  • Modern Architecture
  • Central Heating and Cooling System

About This Home

As of April 2024

Perched in the Echo Park Hillside with views of downtown, you will find this chic and modern home conceived by Patrick Tighe Architecture. Constructed in 2018, this state-of-the-art residence is equipped with cutting-edge technological advancements, including a NEST thermostat and doorbell, Google Home integration, and premium in-ceiling speaker systems. Engineered for sustainability, it is solar-ready and incorporates an array of energy-efficient components, such as electric vehicle charging infrastructure, LED lighting solutions, highly efficient heating and cooling systems, a tankless hot water heater, and a zero-maintenance exterior. The interior is a beautifully-designed combination of fine finishes and custom features. These include 3/4" hardwood floors, Fleetwood sliding doors, operable skylight, 10' soaring ceilings, and a bespoke metal staircase. The gourmet kitchen offers plenty of space to entertain; custom cabinetry, a 36" chef's oven, and a wine fridge. Not to mention a private patio, 2 car garage, and minutes to all the wonderful spots Echo Park has to offer like Cookbook, The Lonely Oyster, Bacetti, Valerie, and Bar Flores to name a few.

Last Agent to Sell the Property

Joy Bolger

Compass License #01946243 Listed on: 02/20/2024

Compass

Last Buyer's Agent

Joseph Reichling

Compass License #01427385

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,909

Year Built

  • Built in 2018

Lot Details

  • 1,400 Sq Ft Lot
  • Property is zoned LARD1.5

Home Design

  • Modern Architecture

Interior Spaces

  • 1,948 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • City Views
  • Laundry in unit

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5420-022-036

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,909

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 1948
  • Lot Acreage: 0.0321
  • Year Built: 2018
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Refrigerator, Range/Oven
  • Price Per S Q F T: 743.84

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5420-022-036
  • Lot Size Area: 1400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Mar 6, 2024
Sold by
Farrington Revocable Trust
Bought by
Vavra Christopher and Rich Micaela W
Seller's Agent
Joy Bolger
Compass
Buyer's Agent
Joseph Reichling
Compass
List Price
$1,449,000
Sold Price
$1,450,000
Premium/Discount to List
$1,000
0.07%
Views
37
Current Estimated Value
$1,564,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,968
Avg. Annual Appreciation
8.35%
Original Mortgage
$1,160,000
Outstanding Balance
$1,142,522
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$481,080

Purchase Details

Closed on
Aug 2, 2018
Sold by
Farrington Jeffrey L and Farrington Patricia A
Bought by
Farrington Jeffrey L and Farrington Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,575
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2018
Sold by
Preskin Llc
Bought by
Farrington Jeffrey L and Farrington Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,575
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Vavra Christopher $1,450,000 Equity Title Company
Farrington Jeffrey L -- Stewart Title
Farrington Jeffrey L $658,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vavra Christopher $1,160,000
Previous Owner Farrington Jeffrey L $622,000
Previous Owner Farrington Jeffrey L $623,000
Previous Owner Farrington Jeffrey L $625,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Sold $1,450,000 +0.1% $744 / Sq Ft
03/02/2024 03/02/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $1,449,000 -- $744 / 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 $13,909 $1,479,000 $1,015,512 $463,488
2024 $13,909 $1,148,324 $765,550 $382,774
2023 $13,634 $1,125,809 $750,540 $375,269
2022 $12,988 $1,103,735 $735,824 $367,911
2021 $12,824 $1,082,095 $721,397 $360,698
2019 $12,432 $1,050,000 $700,000 $350,000
2018 $721 $55,141 $55,141 $0
Source: Public Records

Agents Affiliated with this Home

  • Joy Bolger

    Seller's Agent in 2024

    Joy Bolger

    Compass

    (323) 708-9156

    2 in this area

    82 Total Sales

    Joy Bolger
    Section Image
  • Joseph Reichling

    Buyer's Agent in 2024

    Joseph Reichling

    Compass

    (323) 395-9084

    15 in this area

    240 Total Sales

    Joseph Reichling
    Section Image
  • Courtney Pickard

    Buyer Co-Listing Agent in 2024

    Courtney Pickard

    Compass

    (719) 248-4825

    13 in this area

    142 Total Sales

    Courtney Pickard
    Section Image
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Map

Source: The MLS

MLS Number: 24-360133

The MLS

APN: 5420-022-036

California Los Angeles County Los Angeles 90026 Echo Park

1629 Preston Ln, Los Angeles, CA

This home is located at 1629 Preston Ln, Los Angeles, CA 90026 since 20 February 2024 and is currently estimated at $1,564,968, approximately $803 per square foot. This property was built in 2018. 1629 Preston Ln 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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