NOT LISTED FOR SALE

Estimated Value: $1,479,000 - $4,627,000

16 Beds
16.5 Baths
7,265 Sq Ft
$467/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $3,595,000 $495 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $22,239/month

72 Days on Market

Highlights

  • New Construction
  • Modern Architecture
  • Open to Family Room
  • In Ground Pool
  • Balcony
  • 2-minute walk to Lake Street Park

About This Home

As of March 2022

We are pleased to present 2219 W Court St, a newly built 6-unit townhouse complex in prime Echo Park, walking distance from Echo Park Lake and beloved, local hotspots in the active neighborhood. This high demand rental will provide proud investors with a 5% Cap Rate, with easy maintenance and little management needed. 2219 W Court Street features (3) 3 Bed/3 Bath, (2) 2 Bed/ 2 Bath, and (1) 3 Bed/ 3.5 Bath units with high ceilings, large balconies, in-unit washer & dryer, stainless steal appliances, manicured landscaping and attached parking. In addition to the impressive return, investors will enjoy extreme desirability among renters for years to come. These luxury units define upscale urban living in a neighborhood that is experiencing tremendous growth and steady gentrification.

Last Agent to Sell the Property

Yohann Bensimon

Keller Williams Hollywood Hills License #01966630 Listed on: 09/13/2021

Keller Williams Hollywood Hills

Last Buyer's Agent

Robin Salame

License #01018004

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $45,222

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 7,779 Sq Ft Lot
  • East Facing Home
  • Gated Home

Home Design

  • Modern Architecture
  • Split Level Home
  • Flat Roof Shape
  • Copper Plumbing

Interior Spaces

  • 7,265 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16.5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 12 Parking Spaces
  • Attached Carport

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for gas, electricity, water, trash collection
  • The owner pays for gardener
  • Assessor Parcel Number 5157-017-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$45,222

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: We are pleased to present 2219 W Court St, a newly built 6-unit townhouse complex in prime Echo Park, walking distance from Echo Park Lake and beloved, local hotspots in the active neighborhood. This high demand rental will provide proud investors with a 5% Cap Rate, with easy maintenance and little management needed. 2219 W Court Street features (3) 3 Bed/3 Bath, (2) 2 Bed/ 2 Bath, and (1) 3 Bed/ 3.5 Bath units with high ceilings, large balconies, in-unit washer & dryer, stainless steal appliances, manicured landscaping and attached parking. In addition to the impressive return, investors will enjoy no rent control and extreme desirability among renters for years to come. These luxury units define upscale urban living in a neighborhood that is experiencing tremendous growth and steady gentrification.
  • Living Area: 7265
  • Lot Acreage: 0.1786
  • Probate: No
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2021
  • Number Of Photos: 43
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Oven-Gas, Cooktop - Gas, Range Hood
  • Bedrooms: 16
  • Kitchen Features: Island, Open to Family Room
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 16.50
  • Equipment: Washer, Dryer, Dishwasher, Microwave, Range/Oven, Refrigerator, Garbage Disposal
  • Price Per S Q F T: 508.60

Exterior Features

  • Direction Faces: East
  • Construction: Concrete
  • Other Features: Balcony, Full Copper Plumbing, Energy Efficient
  • Other Structures: None
  • Pool Description: Fenced
  • Pool: Yes
  • Roof: Flat

Garage/Parking

  • Parking Garage: Carport Attached, Carport
  • Total Parking: 12

Utilities

  • Water Heater: Tankless, Gas
  • Cooling: Central
  • Heating: Central
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 0
  • Assessed Land Percent: 100
  • Assessed Land Value: 1173000
  • Total Assessed Value: 1173000
  • Assessor Parcel Number: 5157-017-031
  • Lot Size Area: 7779

Rental Info

  • Owner Pays: Gardener
  • Tenant Pays: Gas, Electricity, Water, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 14.63
  • Number Of Units: 6
  • Total Annual Expense: 60231
  • Type Of Units: Apartment
  • Vacancy Rate: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2022
Sold by
Rick And Beverly Sperling Living Trust
Bought by
2219 West Court Street Llc
Current Estimated Value
$3,396,363

Purchase Details

Closed on
Sep 17, 2021
Sold by
Court Street Expert Llc
Bought by
Livi Rick and Livi Beverly

Purchase Details

Listed on
Feb 18, 2019
Closed on
May 30, 2019
Sold by
Rosario Niria Del and Rosario George Del
Bought by
Court Street Expert Llc
Seller's Agent
Yohann Bensimon
Keller Williams Hollywood Hills
Buyer's Agent
Yohann Bensimon
Keller Williams Hollywood Hills
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.40%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2219 West Court Street Llc -- --
Livi Rick $3,595,000 Provident Title
Court Street Expert Llc $1,150,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Court Street Expert Llc $1,870,185
Previous Owner Court Street Expert Llc $1,455,000
Previous Owner Delrosario George B $80,600
Previous Owner Delrosario George $155,000
Previous Owner Delrosario George B $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $3,595,000 -2.7% $495 / Sq Ft
12/16/2021 12/16/21 For Sale $3,695,000 +2.8% $509 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/16/2021 11/16/21 Off Market $3,595,000 -- --
11/13/2021 11/13/21 For Sale $3,695,000 +2.8% $509 / Sq Ft
10/14/2021 10/14/21 Off Market $3,595,000 -- --
09/13/2021 09/13/21 For Sale $3,695,000 +221.3% $509 / Sq Ft
06/05/2019 06/05/19 Sold $1,150,000 -4.1% $481 / Sq Ft
04/16/2019 04/16/19 For Sale $1,199,000 0.0% $501 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $1,199,000 -- $501 / 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 $45,222 $3,815,042 $2,122,416 $1,692,626
2024 $45,222 $3,740,238 $2,080,800 $1,659,438
2023 $15,143 $1,233,032 $1,233,032 $0
2022 $14,442 $1,208,855 $1,208,855 $0
2021 $14,260 $1,185,152 $1,185,152 $0
2019 $12,392 $113,880 $82,704 $31,176
2018 $1,541 $111,648 $81,083 $30,565
2016 $1,450 $107,315 $77,936 $29,379
2015 $1,431 $105,704 $76,766 $28,938
2014 $1,451 $103,635 $75,263 $28,372
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-777624

The MLS

APN: 5157-017-031