NOT LISTED FOR SALE

2408 Berkeley Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,299,000 - $1,654,846

2 Beds
1 Bath
855 Sq Ft
$1,675/Sq Ft Est. Value

Last Sold December 10, 2024

Last sale price $1,300,000 $1,520 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,788/month

Highlights

  • Guest House
  • City View
  • No HOA
  • John Marshall Senior High Rated A
  • Traditional Architecture
  • Laundry Room

About This Home

As of December 2024

Incredible development opportunity in Silver Lake on a nearly 7,300 square foot flat lot with views from the back. The current configuration includes a 1920's era Craftsman home set near the back of the lot, along with a two car garage and attached 1 bed apartment. The potential here is endless... Expand and upgrade the existing home, build another property at the front portion of the lot or start over, taking advantage of the larger lot size and R2 zoning. Located in a desirable Silver Lake neighborhood, adjacent to happening Echo Park, this ideal spot offers a rare chance to reimagine this property to it's highest and best use!

Last Agent to Sell the Property

Alyssa Valentine

Compass License #01517618 Listed on: 12/10/2024

Compass

Co-Listed By

Anselm Clinard

Compass License #01872344

Last Buyer's Agent

Robert Fields

Compass License #02080346

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 7,291 Sq Ft Lot
  • Property is zoned LAR2

Parking

  • 2 Car Garage

Property Views

  • City
  • Mountain

Home Design

  • Traditional Architecture

Interior Spaces

  • 855 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Guest House
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5424-004-003

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

7,291 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Incredible development opportunity in Silver Lake on a nearly 7,300 square foot flat lot with views from the back. The current configuration includes a 1920's era Craftsman home set near the back of the lot, along with a two car garage and attached 1 bed apartment. The potential here is endless... Expand and upgrade the existing home, build another property at the front portion of the lot or start over, taking advantage of the larger lot size and R2 zoning. Located in a desirable Silver Lake neighborhood, adjacent to happening Echo Park, this ideal spot offers a rare chance to reimagine this property to it's highest and best use!
  • Living Area: 855
  • Lot Acreage: 0.1674
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Mixed
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 1695.91

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City, Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5424-004-003
  • Lot Size Area: 7291

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2024
Closed on
Nov 7, 2024
Sold by
Peavy William H
Bought by
Chimay Enterprises Llc
Seller's Agent
Alyssa Valentine
Compass
Buyer's Agent
Robert Fields
Compass
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Current Estimated Value
$1,431,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,712
Avg. Annual Appreciation
7.83%
Original Mortgage
$1,336,391
Outstanding Balance
$228,828
Interest Rate
6.54%
Mortgage Type
Construction
Estimated Equity
$1,202,884

Purchase Details

Closed on
Sep 19, 2000
Sold by
Schroeder Family Trust Schroeder John H And A
Bought by
Peavy William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chimay Enterprises Llc $1,300,000 California Best Title Company
Chimay Enterprises Llc $1,300,000 California Best Title Company
Peavy William H $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chimay Enterprises Llc $1,336,391
Closed Chimay Enterprises Llc $1,336,391
Previous Owner Peavy William H $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2024 12/10/24 Sold $1,300,000 -10.3% $1,520 / Sq Ft
12/10/2024 12/10/24 For Sale $1,450,000 -- $1,696 / Sq Ft
Source: The MLS

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 $3,078 $1,300,000 $1,278,100 $21,900
2024 $3,078 $236,348 $206,813 $29,535
2023 $3,022 $231,714 $202,758 $28,956
2022 $2,885 $227,172 $198,783 $28,389
2021 $2,848 $222,719 $194,886 $27,833
2019 $2,766 $216,114 $189,106 $27,008
2018 $2,679 $211,878 $185,399 $26,479
2016 $2,556 $203,651 $178,200 $25,451
2015 $2,519 $200,593 $175,524 $25,069
2014 $2,537 $196,664 $172,086 $24,578
Source: Public Records

Agents Affiliated with this Home

  • Alyssa Valentine

    Seller's Agent in 2024

    Alyssa Valentine

    Compass

    (310) 428-7751

    10 in this area

    92 Total Sales

    Alyssa Valentine
    Section Image
  • Anselm Clinard

    Seller Co-Listing Agent in 2024

    Anselm Clinard

    Compass

    (310) 999-3972

    3 in this area

    70 Total Sales

    Anselm Clinard
    Section Image
  • Robert Fields

    Buyer's Agent in 2024

    Robert Fields

    Compass

    (310) 905-2775

    3 in this area

    55 Total Sales

    Robert Fields
    Section Image
  • Lauren Biedenharn

    Buyer Co-Listing Agent in 2024

    Lauren Biedenharn

    Compass

    (562) 335-8548

    3 in this area

    56 Total Sales

    Lauren Biedenharn
    Section Image
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Map

Source: The MLS

MLS Number: 24-468843

The MLS

APN: 5424-004-003

California Los Angeles County Los Angeles 90026 Echo Park

2408 Berkeley Ave, Los Angeles, CA

Not Listed for Sale

Detached

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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