$1,500,000
$110K PRICE INCREASE

Estimated payment $8,278/month

Total Views 25,983
5 Beds
3 Baths
2,319 Sq Ft
$647 Price per Sq Ft

Highlights

  • Gated Home
  • John Marshall Senior High Rated A
  • Carpet

About This Home

This beautiful triplex in the heart of Echo Park is listed for sale for the first time in 30 years! All units have their own separate entrances. The front building has 2 units (one is upstairs). A 3rd unit is a detached unit with its own entrance and 2 different parking spaces accessible from the next street on Ashmore Place. The length of this lot stretches from Echo Park Ave to Ashmore Place (see the image of the parcel map). The property is a landbank (5357 sq/ft) perfect for owner-user with rental income, investment property, or for future development. Unit 1804 is owner-occupied so there is an upside in rent (only unit 1804 will be delivered vacant). It is only a 5-minute drive to Dodger Stadium, within walking distance to Lady Byrd Cafe and nearby restaurants. There's also a mini market directly across the street from the property. Please do not disturb tenants.

Listing Agent

Susan Bernard

RE/MAX Alliance Group License #01757344 Listed on: 11/29/2024

RE/MAX Alliance Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,457

Year Built

  • Built in 1937

Lot Details

  • 5,357 Sq Ft Lot
  • Lot Dimensions are 40x148
  • Gated Home
  • Property is zoned LARD2

Home Design

  • Split Level Home
  • Additions or Alterations

Interior Spaces

  • 2,319 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5420-029-017

Community Details

Overview

  • 3 Units
  • Playa Vista Property Management Co. Association

Building Details

  • Rent Control

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,457

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2319
  • Lot Acreage: 0.1230
  • Lot Dimensions: 40x148
  • Probate: No
  • Property Condition: Additions/Alter
  • Year Built: 1937
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring: Carpet
  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 646.83

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Gated
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Playa Vista Property Management Co.
  • Mgmt Co Phone: 3103066789|

Lot Info

  • Assessed Improvement Percent: 53.67
  • Assessed Improvement Value: 49276
  • Assessed Land Percent: 46.33
  • Assessed Land Value: 42543
  • Total Assessed Value: 91819
  • Assessor Parcel Number: 5420-029-017
  • Lot Size Area: 5357

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 41.60
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 13363
  • Type Of Units: Triplex
  • Vacancy Rate: 33

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,457 $97,436 $45,145 $52,291
2024 $1,457 $95,526 $44,260 $51,266
2023 $1,435 $93,654 $43,393 $50,261
2022 $1,377 $91,819 $42,543 $49,276
2021 $1,347 $90,019 $41,709 $48,310
2020 $1,352 $89,497 $41,282 $48,215
2019 $1,311 $87,751 $40,473 $47,278
2018 $1,251 $86,039 $39,680 $46,359
2016 $1,170 $82,315 $38,140 $44,175
2015 $1,155 $81,080 $37,568 $43,512
2014 $1,179 $79,493 $36,833 $42,660
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2024 11/29/24 Price Changed $1,500,000 0.0% $647 / Sq Ft
11/29/2024 11/29/24 For Sale $1,500,000 +14.5% $647 / Sq Ft
11/26/2024 11/26/24 Off Market $1,310,000 -- --
08/30/2024 08/30/24 For Sale $1,310,000 0.0% $565 / Sq Ft
08/27/2024 08/27/24 Off Market $1,310,000 -- --
12/04/2023 12/04/23 Price Changed $1,310,000 0.0% $565 / Sq Ft
12/04/2023 12/04/23 For Sale $1,310,000 +1.6% $565 / Sq Ft
11/29/2023 11/29/23 Off Market $1,290,000 -- --
12/13/2022 12/13/22 Price Changed $1,290,000 -7.2% $556 / Sq Ft
11/29/2022 11/29/22 For Sale $1,390,000 -- $599 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Provident Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $855,000 Reverse Mortgage Home Equity Conversion Mortgage
Closed $30,000 New Conventional
Closed $213,000 Unknown
Closed $178,500 Unknown
Closed $170,000 Unknown
Source: Public Records

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Source: The MLS

MLS Number: 22-223784

The MLS

APN: 5420-029-017