Seller's Agent in 2024
Jason Tuvia
Marcus & Millichap
(818) 212-2700
12 in this area
108 Total Sales
Estimated Value: $1,769,000
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
Marcus & Millichap License #01772495 Listed on: 08/22/2024
| 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 |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vizca Llc | $1,271,250 | |
| Previous Owner | Nivo 1 Llc | $345,000 |
| 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 |
| 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 |
Seller's Agent in 2024
Jason Tuvia
Marcus & Millichap
(818) 212-2700
12 in this area
108 Total Sales
Source: The MLS
MLS Number: 24-430419
APN: 5420-021-019