NOT LISTED FOR SALE

1704 Morton Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,382,000 - $2,018,000

3 Beds
2 Baths
1,254 Sq Ft
$1,342/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $1,405,000 $1,120 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $10,307/month

8 Days on Market

Highlights

  • Detached Guest House
  • Art Studio
  • View of Trees or Woods
  • John Marshall Senior High Rated A
  • Gourmet Kitchen
  • Deck

About This Home

As of November 2020

On the market for the third time ever! Historic bungalow in the heart of Echo Park offers both sanctuary & centrality to the finest things the neighborhood has to offer. With a citrus-filled backyard oasis & window-filled interior, the well-conceived indoor/outdoor layout offers a lifestyle conducive to gardening, entertaining, working in the light-filled detached studio or escaping with a book to a hidden hammock. Inside, the exquisitely renovated kitchen blends with the home's original restored architecture, striking an enchanting balance between timeless & modern. A block away from the gorgeous trails, canyons & playgrounds of Elysian Park (LA's second largest green space), it's also just steps away from award-winning shops/restaurants, Echo Park Lake, the beloved Elysian Heights Elementary & the Friday Farmers Market. Built in 1906, "The Korb House" was one of the first homes built here & was featured in the 1997 film LA Confidential. It's a rare gem we look forward to sharing.

Last Agent to Sell the Property

Staci Eddy

MAISONRE License #01859356 Listed on: 10/02/2020

Last Buyer's Agent

Tracy Do

Coldwell Banker Realty License #01350025

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,991

Year Built

  • Built in 1906 | Remodeled

Lot Details

  • 5,374 Sq Ft Lot
  • Fenced Yard
  • Drip System Landscaping
  • Rectangular Lot
  • Sprinklers Throughout Yard
  • Lawn
  • Historic Home
  • Property is zoned LAR2

Property Views

  • Woods
  • Peek-A-Boo
  • Hills
  • Courtyard

Home Design

  • Bungalow
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Quake Bracing
  • Clapboard

Interior Spaces

  • 1,254 Sq Ft Home
  • 1-Story Property
  • Chair Railings
  • Wainscoting
  • High Ceiling
  • Skylights in Kitchen
  • Recessed Lighting
  • Stained Glass
  • Entryway
  • Living Room
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Art Studio
  • Storage
  • Wood Flooring
  • Partial Basement
  • Pull Down Stairs to Attic
  • Fire Sprinkler System

Kitchen

  • Gourmet Kitchen
  • Breakfast Room
  • Oven
  • Gas and Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Studio bedroom
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 2 Full Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Auto Driveway Gate
  • Shared Driveway
  • On-Street Parking
  • Uncovered Parking
  • RV Potential

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Property is located within a water district
  • Tankless Water Heater
  • Water Purifier

Additional Features

  • Detached Guest House
  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5419-010-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,991

Year Built

Built in 1906 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Hitting the market for only the 3rd time ever, this historic CA bungalow in the heart of Echo Park offers both sanctuary & centrality to the finest things the neighborhood has to offer.With its citrus-filled backyard oasis & window-filled interior, this charming gems well-conceived indoor/outdoor layout offers a lifestyle conducive to living, gardening, entertaining, working in the light-filled detached studio office or escaping with a book to a hidden hammock. Inside, the exquisitely renovated kitchen blends with the homes original restored architecture, striking an enchanting balance between timeless and modern.A block away from the gorgeous trails, canyons, & playgrounds of Elysian Park - LA's second largest green space - it's also steps away from Echo Park's award-winning shops & restaurants, including Cookbook, Valerie bakery & Tilda wine shop. Echo Park Lake, the beloved Elysian Heights Elementary School, Lassens & the Friday farmers market are also within a ten minute walk, making this home one of the best-situated on the Eastside. Built in 1906, "The Korb House" is one of the areas first homes, a rare piece of LA history w/ it's original owner nostalgically recalling Charlie Chaplin in the front yard & it's feature in the 1997 film LA Confidential
  • Disability Access: 2+ Access Exits, 32 inch or more wide doors, No Interior Steps
  • Entry Location: Main Level
  • Living Area: 1254
  • Lot Acreage: 0.1234
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1906
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Basement, Basement - Partial, Chair Railings, Detached/No Common Walls, High Ceilings (9 Feet+), Pull Down Stairs to Attic, Recessed Lighting, Storage Space, Turnkey, Wainscotting
  • Flooring: Wood
  • Appliances: Built-In And Free Standing, Free Standing Gas, Gas/Electric Range, Range Hood, Range, Oven
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: All Bedrooms Down, Ground Floor Master, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Dual Entry (Jack & Jill) Bath, Low Flow Toilet(s), Shower and Tub, Tile
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area, Family Kitchen, Formal Dining Rm, Kitchen Island, Breakfast Nook
  • Kitchen Features: Gourmet Kitchen, Skylight(s), Remodeled
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Gas Or Electric Dryer Hookup, Garbage Disposal, Freezer, Ice Maker, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Washer, Water Line to Refrigerator, Water Filter, Network Wire
  • Price Per S Q F T: 877.19
  • Windows: Skylights, Stained or Leaded

Exterior Features

  • Construction: Clapboard, Detached/No Common Walls, Wood Siding
  • Other Features: High Ceilings (9 Feet+), Historical, Sprinkler System
  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Foundation Details: Raised, Quake Bracing
  • Fence: Privacy, Wood
  • Guest House: Detached
  • Patio: Covered Porch, Deck(s), Porch - Front, Porch, Wood
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Hills, Peek-A-Boo, Walk Street, Courtyard, Trees/Woods
  • View: Yes

Garage/Parking

  • Parking Garage: On street, Driveway Gate, RV Possible, Shared Driveway, Uncovered
  • Total Parking: 1

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Central, Heat Pump(s)
  • Heating: Heat Pump
  • Security: Fire and Smoke Detection System
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Drip System, Front, Rear, Side, Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 5419-010-026
  • Lot Description: Back Yard, Front Yard, Fenced Yard, Fenced, Lawn, Landscaped, Yard, Walk Street, Street Paved, Lot Shape-Rectangular
  • Lot Location: City
  • Lot Size Area: 5374

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Oct 14, 2020
Sold by
Milam Ronald and Pasquarella Jennifer
Bought by
Oconnell Ryan
Seller's Agent
Staci Eddy
MAISONRE
Buyer's Agent
Tracy Do
Coldwell Banker Realty
List Price
$1,100,000
Sold Price
$1,405,000
Premium/Discount to List
$305,000
27.73%
Current Estimated Value
$1,682,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,713
Avg. Annual Appreciation
3.69%
Original Mortgage
$700,000
Outstanding Balance
$621,478
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,061,235

Purchase Details

Closed on
Jul 27, 2011
Sold by
Ortega Trinidad
Bought by
Milam Ronald and Pasquarella Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2010
Sold by
Cruz Roberta Clara
Bought by
Ortega Trinidad

Purchase Details

Closed on
Jan 19, 2007
Sold by
Sanchez Jose Reginaldo
Bought by
Cruz Roberta Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2007
Sold by
1704 Morton Ave Llc
Bought by
Ortega Trinidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2004
Sold by
Neupert David
Bought by
1704 Morton Avenue Llc

Purchase Details

Closed on
Jul 31, 2003
Sold by
Rice Mary Alice
Bought by
Rice Robert Charles

Purchase Details

Closed on
Jul 23, 2003
Sold by
Rice Robert Charles
Bought by
Gilmyn Inc
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
Oconnell Ryan $1,405,000 Provident Title
Milam Ronald $450,000 Fidelity National Title Co
Ortega Trinidad -- None Available
Cruz Roberta Clara -- California Title Company
Ortega Trinidad $675,000 California Title Company
1704 Morton Avenue Llc -- --
Rice Robert Charles -- Commerce Title Company
Gilmyn Inc $500,000 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oconnell Ryan $700,000
Previous Owner Milam Ronald $336,000
Previous Owner Cruz Roberta Clara $135,000
Previous Owner Ortega Trinidad $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2020 11/03/20 Sold $1,405,000 +27.7% $1,120 / Sq Ft
10/10/2020 10/10/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $1,100,000 -- $877 / 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 $17,991 $1,520,814 $1,105,161 $415,653
2024 $17,991 $1,490,995 $1,083,492 $407,503
2023 $17,636 $1,461,761 $1,062,248 $399,513
2022 $16,803 $1,433,100 $1,041,420 $391,680
2021 $16,603 $1,405,000 $1,021,000 $384,000
2019 $6,038 $506,687 $404,563 $102,124
2018 $6,001 $496,753 $396,631 $100,122
2016 $5,730 $477,465 $381,230 $96,235
2015 $5,645 $470,294 $375,504 $94,790
2014 $5,667 $461,083 $368,149 $92,934
Source: Public Records

Agents Affiliated with this Home

  • Staci Eddy

    Seller's Agent in 2020

    Staci Eddy

    MAISONRE

    (323) 559-8302

    1 in this area

    15 Total Sales

    Staci Eddy
    Section Image
  • Tracy Do

    Buyer's Agent in 2020

    Tracy Do

    Coldwell Banker Realty

    (323) 842-4001

    44 in this area

    826 Total Sales

    Tracy Do
    Section Image
  • Melinda Rae

    Buyer Co-Listing Agent in 2020

    Melinda Rae

    Coldwell Banker Realty

    (323) 819-0567

    6 in this area

    114 Total Sales

    Melinda Rae
    Section Image
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Map

Source: The MLS

MLS Number: 20-641358

The MLS

APN: 5419-010-026

California Los Angeles County Los Angeles 90026 Echo Park

1704 Morton Ave, Los Angeles, CA

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