NOT LISTED FOR SALE

1924 Kent St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,234,152 - $1,658,000

7 Beds
4 Baths
2,832 Sq Ft
$517/Sq Ft Est. Value

Last Sold November 16, 2020

Last sale price $1,085,000 $383 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $8,849/month

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • Balcony

About This Home

As of November 2020

The perfect triplex income property with strong rental income and a lot of building character. This property is located close to Hollywood in the heart of Echo Park. Echo Park is an up and coming area surrounded by numerous new developments. This triplex is situated on a generously sized lot, well-maintained and offers historically low expenses allowing for superb cash flow.

Last Agent to Sell the Property

Araksyan Roxy Keshishyan

No Firm Affiliation License #01720802 Listed on: 09/24/2020

No Firm Affiliation

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,261

Year Built

  • Built in 1975

Lot Details

  • 5,600 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Tandem Covered Parking

Home Design

  • Triplex

Interior Spaces

  • 2,832 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1957
  • Assessor Parcel Number 5404008003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $500
  • Fuel Expense $200
  • Insurance Expense $1,200
  • Trash Expense $200
  • Water Sewer Expense $500
  • New Taxes Expense $3,500
  • Operating Expense $7,500
  • Gross Income $75,000
  • Net Operating Income $19,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,261

Year Built

Built in 1975

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: LARD2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5404008003
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 383.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Tandem Covered
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5600.00
  • Lot Size Acres: 0.1286

Multi Family

  • Electric Expense: 500.00
  • Fuel Expense: 200.00
  • Gross Income: 75000.00
  • Gross Operating Income: 75000.00
  • Gross Scheduled Income: 75000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5600.0000 Square Feet
  • Net Operating Income: 19000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 2500.00
  • Rent Control: Yes
  • Total Expenses: 7500.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Census Tract: 1957.20
  • Tax Lot: 3
  • Tax Tract Number: 1957.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 9, 2020
Sold by
Denny Erin Christine
Bought by
Balbien Jeffrey
Seller's Agent
Araksyan Roxy Keshishyan
No Firm Affiliation
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,125,000
Sold Price
$1,085,000
Premium/Discount to List
-$40,000
-3.56%
Current Estimated Value
$1,463,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,788
Avg. Annual Appreciation
6.24%
Original Mortgage
$677,374
Outstanding Balance
$602,767
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$861,021

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 6, 2020
Sold by
Hernando Jennifer E
Bought by
Balbien Jeffrey
Seller's Agent
Araksyan Roxy Keshishyan
No Firm Affiliation
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,125,000
Sold Price
$1,085,000
Premium/Discount to List
-$40,000
-3.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$677,374
Outstanding Balance
$602,767
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$861,021

Purchase Details

Closed on
Aug 29, 2006
Sold by
Puig Linda
Bought by
Hernando Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 28, 2006
Sold by
Hernando Mark
Bought by
Hernando Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 16, 2004
Sold by
Hernando Mark
Bought by
Puig Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2003
Sold by
Linton Ledya
Bought by
Linton Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
5.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 5, 2003
Sold by
Linton Douglas F
Bought by
Hernando Mark C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
5.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 8, 2002
Sold by
Mayo Imee M
Bought by
Linton Douglas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
4.87%

Purchase Details

Closed on
May 27, 1999
Sold by
Reyes Cesar and Reyes Leny
Bought by
Mayo Imee M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,054
Interest Rate
7.51%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Balbien Jeffrey -- Progressive Title Company
Balbien Jeffrey $1,085,000 Progressive Title Company
Hernando Jennifer E $750,000 First American Title Company
Hernando Jennifer E -- None Available
Puig Linda S $670,000 Fnt
Linton Douglas -- Commerce Title
Hernando Mark C $370,000 Commerce Title
Linton Douglas F $315,000 Commerce Title
Mayo Imee M $217,500 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balbien Jeffrey $677,374
Previous Owner Hernando Jennifer E $600,000
Previous Owner Hernando Jennifer E $75,000
Previous Owner Puig Linda S $536,000
Previous Owner Linton Douglas $55,500
Previous Owner Hernando Mark C $296,000
Previous Owner Linton Douglas F $220,500
Previous Owner Mayo Imee M $216,054
Closed Linton Douglas F $63,000
Closed Puig Linda S $100,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2020 11/16/20 Sold $1,085,000 -3.6% $383 / Sq Ft
09/24/2020 09/24/20 For Sale $1,125,000 -- $397 / 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 $14,261 $1,174,437 $741,465 $432,972
2024 $14,261 $1,151,410 $726,927 $424,483
2023 $13,986 $1,128,834 $712,674 $416,160
2022 $13,339 $1,106,700 $698,700 $408,000
2021 $13,169 $1,085,000 $685,000 $400,000
2019 $10,992 $900,775 $540,466 $360,309
2018 $10,899 $883,114 $529,869 $353,245
2016 $10,407 $848,824 $509,295 $339,529
2015 $10,256 $836,074 $501,645 $334,429
2014 $10,303 $819,697 $491,819 $327,878
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Araksyan Roxy Keshishyan

    No Firm Affiliation

    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    4 in this area

    6,002 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20200489

California Regional Multiple Listing Service (CRMLS)

APN: 5404-008-003

California Los Angeles County Los Angeles 90026 Echo Park

1924 Kent St, Los Angeles, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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