NOT LISTED FOR SALE

Estimated Value: $1,416,000 - $2,284,000

4 Beds
4 Baths
2,532 Sq Ft
$737/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $1,650,000 $652 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $11,530/month

9 Days on Market

Highlights

  • Wood Flooring
  • John Marshall Senior High Rated A
  • Laundry Room

About This Home

As of August 2021

Two vacant homes on one lot in the hills of Echo Park. This one-of-a-kind property features a 2BR/1BA upper unit, a 2BR/2BA lower unit and a third bonus space. The whole property has been remodeled over the years and features stylish design, great outdoor space and amazing views. The lower unit has a number of unique architectural details including exposed beam ceiling, lofted workspace and a gorgeous modern kitchen. A spacious deck connects to a private yard with mature landscaping. Live in either unit while collecting income from the other, or simply rent them both out for a great monthly return. There is a two-car parking pad at the top and the property has had many upgrades over the years. Located in the heart of Elysian Heights close to Dodger Stadium, Lady Byrd Cafe, Elysian Park and the many shops and restaurants of Sunset Blvd. Silver Lake, Los Feliz and NELA are close by as well. A rare opportunity and a great investment in one of LA's most desirable neighborhoods.

Last Agent to Sell the Property

Rob Kallick

Compass License #01871966 Listed on: 06/24/2021

Compass

Co-Listed By

Justin Freeling

Compass License #01927532

Last Buyer's Agent

Andrew May

Compass License #01985055

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,136

Year Built

  • Built in 1952

Lot Details

  • 7,492 Sq Ft Lot
  • Property is zoned LAR2

Interior Spaces

  • 2,532 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5420-037-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,136

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 2532
  • Lot Acreage: 0.1716
  • Probate: No
  • Stories: 2
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit, Laundry Area
  • Total Bathrooms: 4.00
  • Equipment: Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Microwave, Washer, Dishwasher
  • Price Per S Q F T: 513.43

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 2
  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 30.16
  • Assessed Improvement Value: 308807
  • Assessed Land Percent: 69.84
  • Assessed Land Value: 715157
  • Total Assessed Value: 1023964
  • Assessor Parcel Number: 5420-037-005
  • Lot Size Area: 7492

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.70
  • Number Of Units: 2
  • Type Of Units: Detached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2017
Sold by
Mitchell Garry and Mitchell Heather
Bought by
Mitchell Garry and Mitchell Heather
Current Estimated Value
$1,866,484

Purchase Details

Closed on
Oct 17, 2008
Sold by
Mitchell Gary and Mitchell Heather
Bought by
Mitchell Gary and Clesowich Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,500
Outstanding Balance
$411,068
Interest Rate
5.77%
Mortgage Type
New Conventional
Estimated Equity
$1,455,416

Purchase Details

Closed on
Jan 16, 2004
Sold by
Allee Elena L and The Elena Allee Trust
Bought by
Mitchell Garry and Mitchell Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 1998
Sold by
Allee Elena
Bought by
Allee Elena L and The Elena Allee Trust

Purchase Details

Closed on
Jan 27, 1998
Sold by
Epi Inc
Bought by
Allee Elena

Purchase Details

Closed on
Jun 3, 1997
Sold by
Pnc Mtg Bank Na
Bought by
Eidelman Robin K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,750
Interest Rate
7.93%

Purchase Details

Closed on
Feb 13, 1997
Sold by
Peyghambari Iraj and Pnc Mtg Bank Na
Bought by
Pnc Mtg Bank Na and Sears Svgs Bank
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
Mitchell Garry -- None Available
Mitchell Gary -- Fidelity Van Nuys
Mitchell Garry $735,000 Equity Title
Allee Elena L -- --
Allee Elena $195,000 American Title Ins Co
Epi Inc -- American Title Ins Co
Eidelman Robin K $81,000 Guardian Title Company
Pnc Mtg Bank Na $110,667 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Gary $641,500
Closed Mitchell Garry $588,000
Previous Owner Eidelman Robin K $60,750
Closed Mitchell Garry $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 Sold $1,650,000 +26.9% $652 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $1,300,000 -- $513 / 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 $21,136 $1,750,992 $1,400,794 $350,198
2024 $20,903 $1,716,660 $1,373,328 $343,332
2023 $20,494 $1,683,000 $1,346,400 $336,600
2022 $19,543 $1,650,000 $1,320,000 $330,000
2021 $12,454 $1,034,572 $722,566 $312,006
2020 $12,581 $1,023,964 $715,157 $308,807
2019 $11,292 $936,789 $637,275 $299,514
2018 $11,223 $918,422 $624,780 $293,642
2016 $10,724 $882,761 $600,520 $282,241
2015 $10,567 $869,502 $591,500 $278,002
2014 $10,608 $852,471 $579,914 $272,557
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-752838

The MLS

APN: 5420-037-005