NOT LISTED FOR SALE

Estimated Value: $1,659,000 - $2,115,000

5 Beds
4 Baths
2,948 Sq Ft
$651/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $1,765,000 $599 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $11,973/month

41 Days on Market

Highlights

  • View of Hills
  • Wood Flooring
  • No HOA
  • John Marshall Senior High Rated A
  • Private Yard
  • Den

About This Home

As of August 2021

Spectacular 3-Unit Property in a Terrific area of Echo Park!
Upstairs Front Unit; 1-Bedroom and 1-Bathroom. Downstairs Unit; 2-Bedroom, 2-Bathroom and Den, that can be used as an Office. Rear Upstairs Unit; 2-Bedroom and 1-Bathroom with Private Deck. Large and spacious units with tons of natural light and views of the surrounding hillsides.
All Three Units are currently rented with excellent tenants that show true pride in tenancy of their individual units. All units have separate electric and gas meters, All Units have their own Washer & Dryer Hook-Ups, All units have HVAC Units, All Units have newly replaced Dual Glazed Milgard Windows that are Energy Efficient with a Slight Green Tint and Amazingly Quiet Windows!
Property is conveniently located to all major Los Angeles attractions, sites, and freeways! Property is 3.7 Miles to Downtown Los Angeles, 5.3 Miles to Hollywood and 2 Miles to Dodgers Stadium!

Last Agent to Sell the Property

Edwin Perdomo

Ameron Realty Corp License #01266320 Listed on: 06/08/2021

Last Buyer's Agent

Johnny Miller

West Shores Realty, Inc. License #01331090

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 6,489 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Private Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway
  • Automatic Gate

Property Views

  • Hills
  • Neighborhood

Home Design

  • Property Attached
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,948 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Awning
  • Solar Tinted Windows
  • Insulated Windows
  • Living Room
  • Den
  • Ceramic Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in
  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Shed
  • Outdoor Grill

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 23 / 10
  • Assessor Parcel Number 5420035021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Dog Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $2,400
  • Insurance Expense $2,885
  • Maintenance Expense $2,473
  • Water Sewer Expense $1,440
  • Operating Expense $10,398
  • Gross Income $82,440
  • Net Operating Income $72,042

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

6,489 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: LARD3
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 5420035021
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceramic Counters, Copper Plumbing Partial
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: Doors - Swing In, Parking
  • Levels: Two
  • Price Per Square Foot: 598.71
  • Room Type: Den, Kitchen, Living Room
  • Window Features: Double Pane Windows, Insulated Windows, Solar Tinted Windows

Exterior Features

  • Other Structures: Shed(s), Storage
  • Exterior Features: Awning(s), Barbecue Private
  • View: Hills, Neighborhood
  • Fence: Yes
  • Fencing: Privacy, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Driveway, Garage Faces Front, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Individual Room, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Horse Trails, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6489.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 82440.00
  • Gross Scheduled Income: 82440.00
  • Insurance Expense: 2885.00
  • Lot Size Area: 6489.0000 Square Feet
  • Maintenance Expense: 2473.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 72042.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10398.00
  • Rent Control: Yes
  • Total Expenses: 10398.00

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 1974.10
  • Tax Lot: 23
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2020
Sold by
Guidasci Magali
Bought by
Guidasci Magali
Current Estimated Value
$1,919,985

Purchase Details

Closed on
Sep 18, 2006
Sold by
Martinez Ernesto
Bought by
Guidasci Magali

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
Outstanding Balance
$282,532
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,637,453

Purchase Details

Closed on
Mar 19, 2004
Sold by
Quan Him Bok and Quan Wai Lan
Bought by
Martinez Ernesto and Guidasci Magali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Guidasci Magali -- None Available
Guidasci Magali -- Security Union Title Ins Co
Martinez Ernesto $550,000 Fidelity National Title Co L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guidasci Magali $650,000
Previous Owner Martinez Ernesto $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2021 08/12/21 Sold $1,765,000 -4.6% $599 / Sq Ft
06/08/2021 06/08/21 For Sale $1,850,000 -- $628 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,490 $1,873,031 $1,310,591 $562,440
2024 $22,490 $1,836,306 $1,284,894 $551,412
2023 $22,053 $1,800,300 $1,259,700 $540,600
2022 $21,024 $1,765,000 $1,235,000 $530,000
2021 $10,566 $862,492 $578,324 $284,168
2020 $10,671 $853,649 $572,394 $281,255
2019 $10,254 $836,912 $561,171 $275,741
2018 $10,177 $820,503 $550,168 $270,335
2016 $9,715 $788,644 $528,805 $259,839
2015 $9,575 $776,798 $520,862 $255,936
2014 $9,620 $761,583 $510,660 $250,923
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21124208

California Regional Multiple Listing Service (CRMLS)

APN: 5420-035-021

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