NOT LISTED FOR SALE

1737 Kent St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $2,043,000 - $2,801,110

8 Beds
8 Baths
3,600 Sq Ft
$684/Sq Ft Est. Value

Last Sold March 14, 2019

Last sale price $1,520,000 $422 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $15,385/month

42 Days on Market

Highlights

  • Property is near a park
  • Paved or Partially Paved Lot
  • Gentle Sloping Lot
  • Laundry Room

About This Home

As of March 2019

1737 Kent Street, a four-unit apartment building located in Los Angeles’ vibrant Echo Park neighborhood. This offering presents an exciting opportunity for an investor to acquire a partially renovated 1995 construction building in a popular neighborhood and capture substantial potential upside in rents. Because it is a 1995 construction, the property is not subject to rent control. 1737 Kent Street consists of one building with four large two-bedroom/one-and-one-half bath town homes. Two of the units have been recently renovated with new wood flooring, new counter tops, new bathroom vanities, ceiling fans, portable A/C units, and more. The building also features on-site laundry and ample on-site parking.

Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 01/01/2019

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 01/01/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,377

Year Built

  • Built in 1995

Lot Details

  • 7,523 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Gentle Sloping Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 3,600 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room

Location

  • Property is near a park
  • Suburban Location

Listing and Financial Details

  • Tax Lot 112
  • Assessor Parcel Number 5404006020

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,440
  • New Taxes Expense $21,623
  • Operating Expense $33,519
  • Gross Income $77,880
  • Net Operating Income $42,024

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,377

Year Built

Built in 1995

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5404006020
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 422.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Park Nearby, Paved
  • Lot Size Sq Ft: 7523.00
  • Lot Size Acres: 0.1727

Multi Family

  • Gross Income: 77880.00
  • Gross Scheduled Income: 77880.00
  • Insurance Expense: 1440.00
  • Lot Size Area: 7523.0000 Square Feet
  • Net Operating Income: 42024.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 33519.00
  • Rent Control: No
  • Total Expenses: 33519.00

Tax Info

  • New Taxes Expense: 21623.00
  • Tax Census Tract: 1957.20
  • Tax Lot: 112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2020
Sold by
Adw No 1 Llc
Bought by
Ju Co Ltd
Current Estimated Value
$2,475,199

Purchase Details

Listed on
Jan 1, 2019
Closed on
Mar 7, 2019
Sold by
Crisan George and Crisan Edina Buo
Bought by
Adw No 1 Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,670,000
Sold Price
$1,520,000
Premium/Discount to List
-$150,000
-8.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%

Purchase Details

Closed on
Apr 9, 2013
Sold by
Crisan Edina B
Bought by
Crisan George and Crisan Edina Buo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2012
Sold by
Sezonov Holdings Llc
Bought by
George Crisan and George Edina Buo

Purchase Details

Closed on
Mar 14, 2011
Sold by
Crisan George and Crisan Edina B
Bought by
Sezonov Holdings Llc

Purchase Details

Closed on
Jul 24, 2003
Sold by
Crisan George
Bought by
Crisan George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 1999
Sold by
Slev Alexandrina Stefan
Bought by
Crisan George

Purchase Details

Closed on
Dec 30, 1997
Sold by
Stryker Dennis J and Slev Monica
Bought by
Slev Alexandrian Stefan

Purchase Details

Closed on
Mar 21, 1996
Sold by
Crisan George
Bought by
Stryker Dennis J and Slev Monica

Purchase Details

Closed on
Apr 13, 1995
Sold by
Crisan George
Bought by
Crisan George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.36%
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
Ju Co Ltd $2,160,000 First American Title Company
Adw No 1 Llc $1,520,000 First American Title Co
Crisan George -- Ticor Title
George Crisan -- None Available
Sezonov Holdings Llc -- None Available
Crisan George -- Southland Title Corporation
Crisan George -- --
Slev Alexandrian Stefan -- --
Stryker Dennis J $340,909 --
Crisan George -- Southland Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crisan George $206,500
Previous Owner Crisan George $241,600
Previous Owner Crisan George $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2019 03/14/19 Sold $1,520,000 -9.0% $422 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $1,670,000 -- $464 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $28,377 $2,362,272 $1,377,992 $984,280
2024 $28,377 $2,315,954 $1,350,973 $964,981
2023 $27,826 $2,270,544 $1,324,484 $946,060
2022 $26,530 $2,226,024 $1,298,514 $927,510
2021 $26,205 $2,182,377 $1,273,053 $909,324
2020 $19,159 $1,550,400 $918,000 $632,400
2019 $9,544 $765,665 $459,399 $306,266
2018 $9,429 $750,653 $450,392 $300,261
2016 $8,992 $721,505 $432,903 $288,602
2015 $8,864 $710,668 $426,401 $284,267
2014 $8,915 $696,748 $418,049 $278,699
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    91 Total Sales

    Steve Bogoyevac
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19012999

California Regional Multiple Listing Service (CRMLS)

APN: 5404-006-020

California Los Angeles County Los Angeles 90026 Echo Park

1737 Kent St, Los Angeles, CA

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