Seller's Agent in 2021
Alan Lu
ALTC Realty
(626) 378-8007
3 in this area
20 Total Sales
2226 Branden St Los Angeles, CA 90026
Estimated Value: $1,206,000 - $2,040,000
6
Beds
3
Baths
2,248
Sq Ft
$759/Sq Ft
Est. Value
Highlights
- New Construction
- City Lights View
- Modern Architecture
- Clifford Street Elementary School Rated A-
- Main Floor Primary Bedroom
- No HOA
About This Home
As of October 2021Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,340
Year Built
- Built in 2021 | New Construction
Lot Details
- 7,397 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Modern Architecture
Interior Spaces
- 2,248 Sq Ft Home
- City Lights Views
Flooring
- Laminate
- Concrete
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Assigned Parking
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Thermostat
Location
- Urban Location
Utilities
- Central Heating and Cooling System
- High-Efficiency Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 334
- Assessor Parcel Number 5423006013
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 1 Leased Unit
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,200
- New Taxes Expense $12,500
- Operating Expense $18,120
- Gross Income $90,600
- Net Operating Income $72,480
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 27, 2018
Sold by
Museum Drive Llc
Bought by
Opsis Capital Real Estate Fund I Llc
Current Estimated Value
Purchase Details
Listed on
Jul 17, 2017
Closed on
Oct 3, 2017
Sold by
Santiago Marcos R
Bought by
Museum Drive Llc
Seller's Agent
Fred Nabati
Trimax Realty, Inc.
Buyer's Agent
Thomas Chou
ALTC Realty
List Price
$839,000
Sold Price
$799,000
Premium/Discount to List
-$40,000
-4.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Purchase Details
Closed on
Feb 3, 2016
Sold by
Demetriou Andrew George
Bought by
Santiago Marcos R and Demetriou Andrew George
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.98%
Mortgage Type
Balloon
Purchase Details
Listed on
Jun 6, 2014
Closed on
Jul 28, 2014
Sold by
Kaplan Pacific Holdings Llc
Bought by
Demetriou Andrew George
Seller's Agent
Sean Na
Keller Williams Pacific Estate
Buyer's Agent
Jessica Bravo
Real Estate Collective
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$374,500
Interest Rate
4.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 3, 2014
Sold by
Dela Cruz Cornelio C
Bought by
Kaplan Pacific Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,500
Interest Rate
4.46%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Sep 19, 2008
Sold by
Dela Cruz Cornelio C
Bought by
Dela Cruz Cornelio C and Dela Cruz Gertrudes M Macatuno
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.31%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 5, 2003
Sold by
Delacruz Gertrudes M Macatuno
Bought by
Delacruz Cornelio C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 18, 2002
Sold by
Hud
Bought by
Lombardo Sunny
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.69%
Purchase Details
Closed on
Oct 4, 2000
Sold by
Household Finance Corp Of California
Bought by
Delacruz Cornelio C and Delacruz Gertrudes M Macatuno
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,500
Interest Rate
7.88%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Aug 7, 2000
Sold by
Gomez Josefina
Bought by
Household Finance Corp Of California
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,500
Interest Rate
7.88%
Mortgage Type
Stand Alone First
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Opsis Capital Real Estate Fund I Llc | $850,000 | Ticor Title Company | |
| Museum Drive Llc | $799,000 | Orange Coast Title Co Socal | |
| Santiago Marcos R | -- | Title 365 | |
| Demetriou Andrew George | $535,000 | Pacific Coast Title Company | |
| Kaplan Pacific Holdings Llc | $380,000 | Pacific Coast Title | |
| Dela Cruz Cornelio C | -- | Integrated Title Inc | |
| Delacruz Cornelio C | -- | Commerce Title | |
| Lombardo Sunny | $413,000 | Commonwealth Land Title Co | |
| Delacruz Cornelio C | $168,500 | Lawyers Title Company | |
| Household Finance Corp Of California | $164,500 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Santiago Marcos R | $525,000 | |
| Previous Owner | Demetriou Andrew George | $374,500 | |
| Previous Owner | Kaplan Pacific Holdings Llc | $381,500 | |
| Previous Owner | Dela Cruz Cornelio C | $300,000 | |
| Previous Owner | Delacruz Cornelio C | $201,000 | |
| Previous Owner | Lombardo Sunny | $310,000 | |
| Previous Owner | Delacruz Cornelio C | $168,500 | |
| Closed | Delacruz Cornelio C | $25,275 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/25/2021 10/25/21 | Sold | $1,500,000 | -6.3% | $667 / Sq Ft | |
| 09/22/2021 09/22/21 | Pending | -- | -- | -- | |
| 07/20/2021 07/20/21 | Price Changed | $1,600,000 | -5.2% | $712 / Sq Ft | |
| 04/26/2021 04/26/21 | Price Changed | $1,688,000 | -1.7% | $751 / Sq Ft | |
| 03/21/2021 03/21/21 | For Sale | $1,718,000 | 0.0% | $764 / Sq Ft | |
| 04/18/2018 04/18/18 | Rented | $3,600 | 0.0% | -- | |
| 03/26/2018 03/26/18 | For Rent | $3,600 | 0.0% | -- | |
| 10/24/2017 10/24/17 | Sold | $799,000 | 0.0% | $807 / Sq Ft | View Prior Sale |
| 08/17/2017 08/17/17 | Price Changed | $799,000 | -4.8% | $807 / Sq Ft | |
| 07/17/2017 07/17/17 | For Sale | $839,000 | +55.4% | $847 / Sq Ft | |
| 08/27/2014 08/27/14 | Sold | $540,000 | -6.1% | $584 / Sq Ft | View Prior Sale |
| 07/03/2014 07/03/14 | Pending | -- | -- | -- | |
| 06/06/2014 06/06/14 | For Sale | $575,000 | +6.5% | $622 / Sq Ft | |
| 06/02/2014 06/02/14 | Off Market | $540,000 | -- | -- | |
| 05/14/2014 05/14/14 | For Sale | $575,000 | -- | $622 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $19,340 | $1,591,812 | $1,061,208 | $530,604 |
| 2024 | $19,085 | $1,560,600 | $1,040,400 | $520,200 |
| 2023 | $18,713 | $1,530,000 | $1,020,000 | $510,000 |
| 2022 | $17,838 | $1,500,000 | $1,000,000 | $500,000 |
| 2021 | $12,707 | $945,696 | $721,397 | $224,299 |
| 2019 | $10,241 | $850,000 | $700,000 | $150,000 |
| 2018 | $9,711 | $799,000 | $600,000 | $199,000 |
| 2017 | $6,760 | $554,021 | $424,577 | $129,444 |
| 2016 | $6,609 | $543,158 | $416,252 | $126,906 |
| 2015 | $6,513 | $535,000 | $410,000 | $125,000 |
| 2014 | $4,628 | $374,900 | $362,614 | $12,286 |
Source: Public Records
Agents Affiliated with this Home
-
Alan Lu
-
Fred Nabati
Seller's Agent in 2017
Fred Nabati
Trimax Realty, Inc.
(424) 704-3373
34 Total Sales
-
M
Seller Co-Listing Agent in 2017
Michael Davoodpour
Trimax Realty, Inc.
-
Thomas Chou
Buyer's Agent in 2017
Thomas Chou
ALTC Realty
(626) 487-8348
13 Total Sales
-
S
Seller's Agent in 2014
Sean Na
Keller Williams Pacific Estate
-
Jessica Bravo
Buyer's Agent in 2014
Jessica Bravo
Real Estate Collective
(213) 400-4735
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR21058562
APN: 5423-006-013
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