NOT LISTED FOR SALE
5 Beds
5 Baths
2,741 Sq Ft
7,495 Sq Ft Lot

Last Sold August 07, 2024

Last sale price $1,450,000 $529 Per Sq Ft

27 Days on Market

Highlights

  • City Lights View
  • Craftsman Architecture
  • Wood Flooring
  • John Marshall Senior High Rated A
  • Property is near a park
  • Lawn

About This Home

As of August 2024

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

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 06/11/2024

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 06/11/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,495 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Lawn

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,741 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Den
  • Wood Flooring
  • City Lights Views
  • Oven or Range
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Car Detached Garage
  • 5 Open Parking Spaces
  • Driveway
  • Unassigned Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Location

  • Property is near a park
  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5420-023-005

Community Details

Overview

  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Main Level
  • Living Area: 2741
  • Lot Acreage: 0.1721
  • Price Per Unit: 305000.00
  • Probate: No
  • Year Built: 1920
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Counter Top
  • Laundry: Community, Outside
  • Laundry Equipment: Own
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Ceiling Fan, Range/Oven
  • Price Per S Q F T: 556.37

Exterior Features

  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Patio: Porch - Front, Patio Open
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Walk Street
  • View: Yes

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Driveway, Detached, Parking Space, Unassigned, Uncovered
  • Total Parking: 5

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 36.10
  • Assessed Improvement Value: 343525
  • Assessed Land Percent: 63.9
  • Assessed Land Value: 607989
  • Total Assessed Value: 951514
  • Assessor Parcel Number: 5420-023-005
  • Lot Description: Fenced Yard, Fenced, Front Yard, Lawn, Landscaped, Back Yard, Walk Street, Street Lighting, Sidewalks, Yard, Single Lot, Street Asphalt
  • Lot Location: City, Park Nearby
  • Lot Size Area: 7495

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.78
  • Number Of Units: 5
  • Total Annual Expense: 34501
  • Type Of Units: Market
  • Vacancy Rate: 0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

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 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-402992

The MLS