Seller's Agent in 2024
Jason Tuvia
Marcus & Millichap
(818) 212-2700
11 in this area
112 Total Sales
We are pleased to present a five (5) unit apartment building located at 1859 Echo Park Avenue in Los Angeles, California. The subject property is located in a prime Echo Park location, west of Park Drive and south of Baxter Street. Built in 1920, this property consists of a great unit mix of four(4) one-bedroom / one-bathroom units and one (1) one-bedroom/ one-bathroom and den unit. This asset has wonderful landscaping with spacious patios and lush curb appeal. The property offers ample privacy on a quiet street while also offering five (5) on-site parking spaces that have the potential to convert into multiple ADU Unit(s). The units are spread across three (3) detached buildings with two (2) single-family dwellings and one (1) triplex. This character, craftsman style property boasts an on-site laundry room for tenant convenience. Residents will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Canyon Coffee, Modo Yoga LA, Elysian Park, Dodger Stadium, and Echo Park Lake. Minutes away from the -101 and -5 freeways, this location provides its tenants quick and easy access to major employment hubs of Los Angeles. Positioned in a prime Echo Park location, this offering presents an exceptional opportunity for an investor to capitalize on a character, craftsman-style asset with tremendous upside.
Last Agent to Sell the Property
Marcus & Millichap License #01772495 Listed on: 06/11/2024
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/07/2024 08/07/24 | Sold | $1,450,000 | -4.9% | $529 / Sq Ft |
| 07/08/2024 07/08/24 | Pending | -- | -- | -- |
| 06/11/2024 06/11/24 | For Sale | $1,525,000 | 0.0% | $556 / Sq Ft |
| 02/05/2020 02/05/20 | Rented | $2,400 | 0.0% | -- |
| 02/03/2020 02/03/20 | For Rent | $2,400 | -- | -- |
| 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 | $12,491 | $1,450,000 | $700,000 | $750,000 |
| 2024 | $12,491 | $970,543 | $620,148 | $350,395 |
| 2023 | $12,260 | $951,514 | $607,989 | $343,525 |
| 2022 | $11,713 | $932,858 | $596,068 | $336,790 |
| 2021 | $13,234 | $1,056,331 | $721,397 | $334,934 |
| 2020 | $11,690 | $905,191 | $578,389 | $326,802 |
| 2019 | $11,248 | $887,444 | $567,049 | $320,395 |
| 2018 | $10,541 | $816,885 | $529,872 | $287,013 |
| 2016 | $10,039 | $785,167 | $509,298 | $275,869 |
| 2015 | $9,899 | $773,374 | $501,648 | $271,726 |
| 2014 | $9,959 | $758,226 | $491,822 | $266,404 |
Seller's Agent in 2024
Jason Tuvia
Marcus & Millichap
(818) 212-2700
11 in this area
112 Total Sales
C
Seller's Agent in 2020
Chad Lurtsema
The CMLgroup, Inc.
(310) 694-8992
11 Total Sales
Source: The MLS
MLS Number: 24-402992