NOT LISTED FOR SALE

2027 Vestal Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,783,889 - $2,446,000

9 Beds
5 Baths
4,592 Sq Ft
$457/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $1,400,000 $305 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $12,591/month

Highlights

  • Laundry Room
  • John Marshall Senior High Rated A
  • Back Yard

About This Home

As of October 2018

Great opportunity for investment these units are located in a desire area of echo park and down town Los Angeles.

Last Agent to Sell the Property

Amanda Amaral

United Real Estate Pacific States License #02010103 Listed on: 05/01/2018

Last Buyer's Agent

Lorena Lara

JAG Realty License #01513296

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,128

Year Built

  • Built in 1967

Lot Details

  • 7,537 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 6 Car Garage

Home Design

  • 4,592 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 5
  • Tax Tract Number 1974
  • Assessor Parcel Number 5420017002

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $1,600
  • Trash Expense $2,880
  • Water Sewer Expense $2,000
  • New Taxes Expense $18,500
  • Operating Expense $7,010
  • Gross Income $93,600
  • Net Operating Income $78,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,128

Year Built

Built in 1967

Lot Details

0

Parking

6

Listing Details

  • Other Phone Description: 5625072771
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Parcel Number: 5420017002
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 304.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside
  • Sewer: Public Sewer
  • Trash Expense: 2880.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7537.00

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 93600.00
  • Gross Scheduled Income: 93600.00
  • Insurance Expense: 1600.00
  • Net Operating Income: 78540.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 13860.00
  • Rent Control: Yes
  • Total Expenses: 7010.00

Tax Info

  • New Taxes Expense: 18500.00
  • Tax Lot: 5
  • Tax Tract Number: 1974.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2018
Sold by
Garay Leticia S and Guerrero Soraya
Bought by
Valenzuela Richard and Valenzuela Christine
Current Estimated Value
$2,096,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2003
Sold by
Guerrero Esteban
Bought by
Guerrero Soraya
Source: Public Records

Range of Values:

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Average Value
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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
Valenzuela Richard $1,400,000 Westminster Title Company
Guerrero Soraya -- --
Garay Leticia S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valenzuela Richard $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2018 10/25/18 Sold $1,400,000 +139999900.0% $305 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $1 -- $0 / 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 $19,128 $1,561,722 $1,093,207 $468,515
2024 $19,128 $1,531,101 $1,071,772 $459,329
2023 $18,758 $1,501,080 $1,050,757 $450,323
2022 $17,887 $1,471,648 $1,030,154 $441,494
2021 $17,651 $1,442,793 $1,009,955 $432,838
2019 $17,124 $1,400,000 $980,000 $420,000
2018 $2,050 $123,623 $29,704 $93,919
2016 $1,910 $118,824 $28,551 $90,273
2015 $1,777 $117,041 $28,123 $88,918
2014 $1,811 $114,750 $27,573 $87,177
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Amanda Amaral

    United Real Estate Pacific States

  • L

    Buyer's Agent in 2018

    Lorena Lara

    JAG Realty

    (714) 679-9931

    9 Total Sales

    Lorena Lara
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18167791

California Regional Multiple Listing Service (CRMLS)

APN: 5420-017-002

California Los Angeles County Los Angeles 90026 Echo Park

2027 Vestal Ave, Los Angeles, CA

This home is located at 2027 Vestal Ave, Los Angeles, CA 90026 since 01 May 2018 and is currently estimated at $2,096,722, approximately $456 per square foot. This property was built in 1967. 2027 Vestal Ave is a home located in Los Angeles County with nearby schools including Elysian Heights Elementary, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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