NOT LISTED FOR SALE

1724 Lucretia Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,694,000

7 Beds
6 Baths
4,500 Sq Ft
$376/Sq Ft Est. Value

Last Sold December 05, 2016

Last sale price $1,710,000 $380 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,704/month

45 Days on Market

About This Home

As of December 2016

**Gated estate-type property**Trophy Asset in the Heart of Echo Park**Strong current income with Realistic Rental Upside **6 Parking spaces available +2 garages**500+sqft Deck with views**Unit 1726 ¼ will be delivered vacant**PICTURES OF THE UNITS AVAILABLE UPON REQUEST**Owner-user opportunity**Virtual Walkthrough Available

Last Agent to Sell the Property

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 09/23/2016

Last Buyer's Agent

Elena Jovis

Nourmand & Associates-BH License #01853376

Nourmand & Associates-BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,039

Year Built

  • Built in 1928

Lot Details

  • 0.28 Acre Lot

Interior Spaces

  • 4,500 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Private Parking

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5420-027-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,039

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 4500
  • Stories: 3
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 465.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Private
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 1408
  • Assessed Land Value: 261073
  • Assessor Parcel Number: 5420-027-006
  • Geocode Override: No
  • Lot Size Area: 12054

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.42
  • Number Of Units: 6
  • Type Of Units: 1bd+1ba

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2016
Closed on
Nov 29, 2016
Sold by
Locks Mark A
Bought by
Scooter 93 Llc
Seller's Agent
Sagiv Rosano
Rosano Partners
Buyer's Agent
Elena Jovis
Nourmand & Associates-BH
List Price
$2,250,000
Sold Price
$1,710,000
Premium/Discount to List
-$540,000
-24%
Current Estimated Value
$1,694,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,000
Avg. Annual Appreciation
-0.11%

Purchase Details

Closed on
Mar 15, 1995
Sold by
Capitol Thrift & Loan Assn
Bought by
Locks Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
9.03%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Scooter 93 Llc $1,710,000 First American Title
Locks Mark A $215,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Locks Mark A $193,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2016 12/05/16 Sold $1,710,000 -18.4% $380 / Sq Ft
11/07/2016 11/07/16 Pending -- -- --
10/12/2016 10/12/16 Price Changed $2,095,000 -6.9% $466 / Sq Ft
09/23/2016 09/23/16 For Sale $2,250,000 0.0% $500 / Sq Ft
09/25/2012 09/25/12 Rented $1,800 -18.2% --
09/25/2012 09/25/12 Under Contract -- -- --
08/03/2012 08/03/12 For Rent $2,200 -- --
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 $22,039 $1,798,902 $1,276,642 $522,260
2024 $22,039 $1,763,630 $1,251,610 $512,020
2023 $21,619 $1,729,050 $1,227,069 $501,981
2022 $20,630 $1,695,148 $1,203,009 $492,139
2021 $20,379 $1,661,911 $1,179,421 $482,490
2020 $20,584 $1,645,121 $1,167,328 $477,793
2019 $19,780 $1,612,870 $1,144,440 $468,430
2018 $19,680 $1,581,250 $1,122,000 $459,250
2016 $3,670 $262,481 $261,073 $1,408
2015 $3,622 $258,539 $257,152 $1,387
2014 $3,669 $253,475 $252,115 $1,360
Source: Public Records

Agents Affiliated with this Home

  • Sagiv Rosano

    Seller's Agent in 2016

    Sagiv Rosano

    Rosano Partners

    (213) 802-0262

    8 Total Sales

    Sagiv Rosano
    Section Image
  • Elena Jovis

    Buyer's Agent in 2016

    Elena Jovis

    Nourmand & Associates-BH

    (310) 866-7385

    40 Total Sales

    Elena Jovis
    Section Image
  • Richard Battaglia

    Seller's Agent in 2012

    Richard Battaglia

    Compass

    (323) 422-7886

    1 in this area

    9 Total Sales

    Richard Battaglia
    Section Image
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Map

Source: The MLS

MLS Number: 16-165470

The MLS

APN: 5420-027-006

California Los Angeles County Los Angeles 90026 Echo Park

1724 Lucretia Ave, Los Angeles, CA

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