NOT LISTED FOR SALE

Estimated Value: $1,769,000

8 Beds
6 Baths
2,928 Sq Ft
$604/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $1,695,000 $579 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,104/month

8 Days on Market

Highlights

  • City View
  • Deck
  • Wood Flooring
  • John Marshall Senior High Rated A
  • Secluded Lot
  • Balcony

About This Home

As of October 2024

We are pleased to present a five (5) unit apartment building located at 2011 Echo Park Avenue in Los Angeles, California. The subject property is located in a prime Echo Park location, west of Stadium Way and north of Sunset Boulevard. Built in 1924, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit, one (1) two-bedroom / one-bathroom SFD style unit, and one (1) two-bedroom / two-bathroom unit. Three (3) units will be de livered vacant and may be leased up. The property boasts turn-key cottage style community with tons of charm and character. All units are detached with separate yards that look and feel like single-family homes. Four (4) units feature major upgrades to plumbing and electrical, three (3) units are fully renovated. Tenants will love living just a block away from incredible outdoor recreation at the Elysian Park Trail and from premier dining at the Lady Byrd Cafe. The property is gated and secure with plenty of street parking available for residents. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to acquire a charming lender owned turn-key cottage style asset.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 08/22/2024

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 08/22/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,590

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 8,148 Sq Ft Lot
  • Lot Dimensions are 54x163
  • Gated Home
  • Landscaped
  • Secluded Lot
  • Hillside Location
  • Property is zoned LARD3

Parking

  • On-Street Parking

Home Design

  • Split Level Home

Interior Spaces

  • 2,928 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • City Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Remodeled Bathroom
  • 6 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Porch

Location

  • City Lot

Utilities

  • Air Conditioning
  • Central Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5420-021-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,590

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2928
  • Lot Acreage: 0.1871
  • Lot Dimensions: 54x163
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood, Tile
  • Appliances: Built-Ins, Oven, Range, Range Hood
  • Bedrooms: 8
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Remodeled, Tile, Shower Over Tub
  • Kitchen Features: Remodeled
  • Laundry: Laundry Area
  • Total Bathrooms: 6.00
  • Equipment: Built-Ins, Dryer, Washer, Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 578.89

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Balcony, Porch, Deck(s)
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Air Conditioning
  • Heating: Central, Wall
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 34.78
  • Assessed Improvement Value: 248132
  • Assessed Land Percent: 65.22
  • Assessed Land Value: 465256
  • Total Assessed Value: 713388
  • Assessor Parcel Number: 5420-021-019
  • Lot Description: Secluded, Single Lot, Landscaped
  • Lot Location: City, Hillside
  • Lot Size Area: 8148

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.06
  • Number Of Units: 5
  • Type Of Units: Market
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Aug 29, 2024
Sold by
Wojtaszek David and Wojtaszek Jennifer
Bought by
Vizca Llc
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$1,695,000
Sold Price
$1,695,000
Views
13
Current Estimated Value
$1,769,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,000
Avg. Annual Appreciation
4.11%
Original Mortgage
$1,271,250
Outstanding Balance
$1,256,933
Interest Rate
6.46%
Mortgage Type
Seller Take Back
Estimated Equity
$512,067

Purchase Details

Listed on
Aug 22, 2024
Closed on
Aug 9, 2024
Sold by
California Td Specialists
Bought by
Wojtaszek David and Wojtaszek Jennifer
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$1,695,000
Sold Price
$1,695,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,271,250
Outstanding Balance
$1,256,933
Interest Rate
6.46%
Mortgage Type
Seller Take Back
Estimated Equity
$512,067

Purchase Details

Closed on
May 3, 2019
Sold by
Nivo Llc
Bought by
Aiteon 1 Llc

Purchase Details

Closed on
Feb 22, 2010
Sold by
Capra Marisa
Bought by
Capra Pietro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2010
Sold by
Capra Pietro
Bought by
Nivo 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.97%
Mortgage Type
Commercial
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
Vizca Llc $1,695,000 Commonwealth Land Title Compan
Wojtaszek David $1,706,703 --
Aiteon 1 Llc -- None Available
Capra Pietro -- North American Title Company
Nivo 1 Llc $575,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vizca Llc $1,271,250
Previous Owner Nivo 1 Llc $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2024 10/04/24 Sold $1,695,000 0.0% $579 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $1,695,000 -- $579 / Sq Ft
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 $9,590 $1,695,000 $1,000,000 $695,000
2024 $9,590 $727,655 $474,561 $253,094
2023 $9,417 $713,388 $465,256 $248,132
2022 $9,005 $699,401 $456,134 $243,267
2021 $9,651 $1,097,554 $721,397 $376,157
2020 $8,982 $678,659 $442,606 $236,053
2019 $8,651 $665,353 $433,928 $231,425
2018 $8,598 $652,308 $425,420 $226,888
2016 $8,175 $626,980 $408,901 $218,079
2015 $8,064 $617,563 $402,759 $214,804
2014 $8,120 $605,467 $394,870 $210,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-430419

The MLS

APN: 5420-021-019