NOT LISTED FOR SALE

1642 Lake Shore Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $981,000 - $1,509,000

3 Beds
1 Bath
900 Sq Ft
$1,336/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $898,000 $998 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,291/month

30 Days on Market

Highlights

  • Wood Flooring
  • Views
  • Bungalow
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of May 2019

First time on the market since 1988! Truly a rare find in Echo Park! Located behind a beautiful handmade iron gate you will find a lush serene compound with a charming 1921 California bungalow and work space. Upon entering you will feel like you have left Los Angeles for a Zen retreat and yet you are minutes from downtown and the fun hip shops and restaurants of Echo Park. Fabulous walk score of 78! Incredible location situated close to Lassens, Cookbook, Valerie, and Echo Park Lake and Farmers Market. Spacious renovated attic with drop-down stairs,new insulation,flooring, lighting,and added fans for circulation. Freshly painted inside and out, updated copper plumbing and electrical, newer HVAC system and remodeled bathroom are just a few of the features this lovingly maintained 3 bedroom home has to offer. Whether you enjoy gardening, relaxing with a glass of wine at sunset or want to work from home this is a golden opportunity to own your own piece of heaven in Echo Park.

Last Agent to Sell the Property

Andrea Marcum-Valentine

eXp Realty of Greater Los Angeles License #01737314 Listed on: 04/16/2019

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Mike McGill

Compass License #02015423

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,960

Year Built

  • Built in 1921

Lot Details

  • 5,107 Sq Ft Lot
  • Property is zoned LAR2

Home Design

  • Bungalow

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Property Views

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Covered Space
  • Driveway
  • Automatic Gate

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5419-005-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,960

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Street Number Display: Yes
  • Advertising Remarks: First time on the market since 1988! Truly a rare find in Echo Park! Located behind a beautiful handmade iron gate you will find a lush serene compound with a charming 1921 California bungalow and work space. Upon entering you will feel like you have left Los Angeles for a Zen retreat and yet you are minutes from downtown and the fun hip shops and restaurants of Echo Park. Fabulous walk score of 78! Incredible location situated close to Lassens, Cookbook, Valerie, and Echo Park Lake and Farmers Market. Freshly painted inside and out, updated copper plumbing and electrical, newer HVAC system and remodeled bathroom are just a few of the features this lovingly maintained 3 bedroom home has to offer. Whether you enjoy gardening, relaxing with a glass of wine at sunset or want to work from home this is a golden opportunity to own your own piece of heaven in Echo Park. Hurry, this one will go fast!
  • Living Area: 900
  • Probate: No
  • Stories: 1
  • Year Built: 1921
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Ceiling Fan, Dryer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer
  • Price Per S Q F T: 986.67

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Auto Driveway Gate, Driveway - Combination

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5419-005-003
  • Geocode Override: No
  • Lot Size Area: 5107

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2019
Closed on
May 1, 2019
Sold by
Miller Philip and Nartonis Katie
Bought by
Poe Tita Y
Seller's Agent
Andrea Marcum-Valentine
eXp Realty of Greater Los Angeles
Buyer's Agent
Mike McGill
Compass
List Price
$888,000
Sold Price
$898,000
Premium/Discount to List
$10,000
1.13%
Current Estimated Value
$1,202,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,439
Avg. Annual Appreciation
4.66%
Original Mortgage
$598,000
Outstanding Balance
$524,695
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$677,744

Purchase Details

Closed on
Nov 14, 2018
Sold by
Miller Philip
Bought by
Miller Phillip and Nartonis Katie
Source: Public Records

Range of Values:

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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
Poe Tita Y $898,000 Old Republic Title Company
Miller Phillip -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poe Tita Y $598,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2019 05/31/19 Sold $898,000 +1.1% $998 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $888,000 -- $987 / 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 $11,960 $1,001,731 $801,387 $200,344
2024 $11,960 $982,090 $785,674 $196,416
2023 $11,726 $962,834 $770,269 $192,565
2022 $11,174 $943,956 $755,166 $188,790
2021 $11,042 $925,448 $740,359 $185,089
2020 $11,156 $915,960 $732,768 $183,192
2019 $8,258 $207,594 $145,320 $62,274
2018 $2,478 $203,524 $142,471 $61,053
2016 $2,358 $195,623 $136,940 $58,683
2015 $2,324 $192,686 $134,884 $57,802
2014 $2,338 $188,912 $132,242 $56,670
Source: Public Records

Agents Affiliated with this Home

  • Andrea Marcum-Valentine

    Seller's Agent in 2019

    Andrea Marcum-Valentine

    eXp Realty of Greater Los Angeles

    (323) 360-7663

    2 in this area

    56 Total Sales

    Andrea Marcum-Valentine
    Section Image
  • Mike McGill

    Buyer's Agent in 2019

    Mike McGill

    Compass

    (310) 293-6444

    2 in this area

    39 Total Sales

    Mike McGill
    Section Image
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Map

Source: The MLS

MLS Number: 19-456704

The MLS

APN: 5419-005-003

California Los Angeles County Los Angeles 90026 Echo Park

1642 Lake Shore Ave, Los Angeles, CA

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