NOT LISTED FOR SALE

1940 Preston Ave Unit 101 Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,885,000 - $2,865,000

3 Beds
2 Baths
1,050 Sq Ft
7,405 Sq Ft Lot

Highlights

  • City Lights View
  • Contemporary Architecture
  • Laundry Facilities
  • John Marshall Senior High Rated A

About This Home

As of June 2016

One of the most sought after buildings to live in the beautiful city of Echo Park. 3 bedrooms and 2 bathrooms ready to move in. Laminate flooring, butcher block counters in the kitchen,stainless steel appliances, fantastic view of the city of LA. 2 parking spots available. Very convenient location. Walking distance to schools, parks and commercial areas. Landlord pays for water.

Last Agent to Rent the Property

Karen Silva

Compass License #01766651 Listed on: 04/27/2016

Compass

Last Renter's Agent

Karen Silva

Compass License #01766651 Listed on: 04/27/2016

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,058

Year Built

  • Built in 1988

Lot Details

  • 7,405

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Security Deposit $3,250
  • $6,500 Move-In Fee
  • Tenant pays for cable TV, electricity, gas, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 5420-022-012

Community Details

Overview

  • 4 Units
  • Karen Silva Association
  • Built by Preston Heights

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed
  • Pet Deposit $250

Condo Details

Home Type

Condominium

Est. Annual Taxes

$24,058

Year Built

Built in 1988

Lot Details

0

Rental Info

  • Credit Report Amount: 35.00
  • Credit Report Required: Yes
  • Pet Deposit: 250.00
  • Land Lease Type: Fee
  • Lease Option: 1
  • Rent Control: No
  • Security Deposit: 3250
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection
  • Total Move In Costs: 6500.00

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Builder Name: Preston Heights
  • Complex Name: Preston Heights
  • Lease Terms: 1+Year
  • Living Area: 1050
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1988
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Laminate
  • Bedrooms: 3
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 2.00
  • Den: 0
  • Fireplace: No
  • Price Per S Q F T: 3.10

Exterior Features

  • Balcony: 1
  • Tennis Court Y/N: No
  • Pool: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Wall Gas

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • Management Company: Karen Silva
  • Mgmt Co Phone: 3108804353

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5420-022-012
  • Geocode Override: No
  • Lot Size Area: 7499

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2016
Sold by
For The Mushies Llc
Bought by
Aigner Rob and Aigner Sharon
Current Estimated Value
$2,304,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,180,200
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 15, 2014
Sold by
Manahan Joe R and Manahan Evelyn R
Bought by
The Mushies Llc and Frogel Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 9, 1996
Sold by
Luna Manolito A and Luna Felicisima A
Bought by
Manahan Joe R and Manahan Evelyn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Aigner Rob $1,686,000 First American Title Ins Co
The Mushies Llc $1,150,000 Provident Title Company
Manahan Joe R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aigner Rob $1,180,200
Previous Owner The Mushies Llc $650,000
Previous Owner Manahan Joe R $244,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2016 06/29/16 Rented $3,265 +0.5% --
05/11/2016 05/11/16 Under Contract -- -- --
04/27/2016 04/27/16 For Rent $3,250 -- --
Source: The MLS

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 $24,058 $1,995,893 $1,302,174 $693,719
2024 $24,058 $1,956,759 $1,276,642 $680,117
2023 $23,590 $1,918,392 $1,251,610 $666,782
2022 $22,490 $1,880,777 $1,227,069 $653,708
2021 $22,212 $1,843,900 $1,203,009 $640,891
2019 $21,545 $1,789,211 $1,167,328 $621,883
2018 $22,056 $1,754,130 $1,144,440 $609,690
2016 $14,292 $1,167,537 $873,115 $294,422
2015 $4,419 $339,138 $84,781 $254,357
2014 $4,459 $332,496 $83,121 $249,375
Source: Public Records

Agents Affiliated with this Home

  • K

    Landlord's Agent in 2016

    Karen Silva

    Compass

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Map

Source: The MLS

MLS Number: 16-119928

The MLS

APN: 5420-022-012

California Los Angeles County Los Angeles 90026 Echo Park

1940 Preston Ave Unit 101, Los Angeles, CA

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