T
Seller's Agent in 2018
Teresa Tsai
Elite Properties & Management
(714) 931-1514
3 Total Sales
2237 Elsinore St Los Angeles, CA 90026
Echo Park NeighborhoodEstimated Value: $1,909,000 - $2,093,798
2
Beds
1
Bath
1,528
Sq Ft
$1,315/Sq Ft
Est. Value
Highlights
- Fireplace in Bathroom
- Corner Lot
- Back Yard
- John Marshall Senior High Rated A
- Laundry Room
About This Home
As of June 2018Come see this amazing investment opportunity available off Sunset Boulevard! A side by side duplex situated on a corner lot(LARD2 zoning). It is perfectly located at one of the high-demanding rental markets in LA – Silver Lake and Echo Park! Built in the 1920s, this duplex is a true gem that captures the charm of the period while offering all the modern comforts you will expect. It is close to shopping, dining, freeways, parks, and entertainment( Cosa Buona, Mohawk, Echo Park Lake etc.). Each unit has two bedrooms and one bath, spacious bedroom with laundry next to the kitchen, The two units have a similar layout and practical floor plan that is ready for an upgrade(TLC as well!)! One unit is occupied by the tenant, the other unit is not occupied, which makes this property an ideal investment opportunity for owner/user. This duplex offers two one-car garages with additional off-street parking. Bushes and fruit trees surrounding the home, your tenants will be able to hand-picked the fruits from the backyard straight to their kitchens. The tremendous income-property is just waiting for you! Hurry, it won't last!
Last Agent to Sell the Property
Elite Properties & Management License #00904243 Listed on: 04/19/2018
Last Buyer's Agent
Elite Properties & Management License #00904243 Listed on: 04/19/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,835
Year Built
- Built in 1921
Lot Details
- 4,995 Sq Ft Lot
- 1 Common Wall
- Corner Lot
- Back Yard
Parking
- 2 Car Garage
Home Design
- Property Attached
Interior Spaces
- 1,528 Sq Ft Home
- Living Room with Fireplace
- Fireplace in Kitchen
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
- Fireplace in Bathroom
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 9,10
- Assessor Parcel Number 5402032012
Community Details
Overview
- 2 Units
Building Details
- 1 Leased Unit
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $60,000
- Net Operating Income $16,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 9, 2020
Sold by
Divine Space Llc
Bought by
Lam Grace Natalie
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,416,000
Outstanding Balance
$1,255,450
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$712,833
Purchase Details
Closed on
Dec 8, 2018
Sold by
Fei Chunyong
Bought by
Divine Space Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,400
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Apr 19, 2018
Closed on
Jun 19, 2018
Sold by
Leung Wai Jong
Bought by
Fei Chunyong
Seller's Agent
Teresa Tsai
Elite Properties & Management
Buyer's Agent
Teresa Tsai
Elite Properties & Management
List Price
$779,000
Sold Price
$749,000
Premium/Discount to List
-$30,000
-3.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.47%
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 |
|---|---|---|---|
| Lam Grace Natalie | $1,770,000 | Lawyers Title Company | |
| Divine Space Llc | -- | None Available | |
| Fei Chunyong | $749,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lam Grace Natalie | $1,416,000 | |
| Previous Owner | Fei Chunyong | $449,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2018 06/29/18 | Sold | $749,000 | -3.9% | $490 / Sq Ft |
| 05/31/2018 05/31/18 | Pending | -- | -- | -- |
| 04/19/2018 04/19/18 | For Sale | $779,000 | -- | $510 / 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 | $22,835 | $1,915,903 | $1,532,723 | $383,180 |
| 2024 | $22,835 | $1,878,337 | $1,502,670 | $375,667 |
| 2023 | $22,387 | $1,841,507 | $1,473,206 | $368,301 |
| 2022 | $21,336 | $1,805,400 | $1,444,320 | $361,080 |
| 2021 | $21,078 | $1,770,000 | $1,416,000 | $354,000 |
| 2020 | $9,590 | $779,259 | $582,624 | $196,635 |
| 2019 | $9,209 | $763,980 | $571,200 | $192,780 |
| 2018 | $731 | $46,703 | $29,279 | $17,424 |
| 2016 | $681 | $44,892 | $28,143 | $16,749 |
| 2015 | $673 | $44,219 | $27,721 | $16,498 |
| 2014 | $690 | $43,353 | $27,178 | $16,175 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18088759
APN: 5402-032-012
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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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