NOT LISTED FOR SALE

2429 Echo Park Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,425,000 - $2,269,826

5 Beds
4 Baths
3,496 Sq Ft
$497/Sq Ft Est. Value

Sale Details

Date Sold: January 20, 2021

Last sale price $1,288,000 $368 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,742 / mo

29 Days on Market

Highlights

  • Panoramic View
  • Wood Flooring
  • Balcony
  • John Marshall High School Rated A
  • Attic
  • Double Pane Windows

About This Home

As of January 2021

The seller just authorized me to dramatically reduce the price of this property so it can get sold right away. This price reduction now makes it so that, once one gets the large unit occupied (that will be between $5500 and $6000/mo) you will have $1600/mo cash flow immediately, and even more whenever the tenant in the one bedroom unit vacates. To have this kind of cash flow in a property that a) was thoroughly renovated inside and out only 10 years ago, and b) is in prime Echo Park, with spectacular views, is pretty much unobtainable in any upscale neighborhood in L.A. The large 2500 sq ft unit also has a full headroom 600 sq ft attic that has in the past served as a 5th bedroom. It also has its own balcony. Be the person who jumps on this opportunity before everyone else finds out about it!

Last Agent to Sell the Property

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 11/19/2020

Last Buyer's Agent

Henry Plascencia

Compass License #01250465

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915 | Remodeled

Lot Details

  • 6,749 Sq Ft Lot
  • South Facing Home

Parking

  • 1 Car Garage

Property Views

  • Panoramic
  • Mountain
  • Valley

Interior Spaces

  • 3,496 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5443-012-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1915 | Remodeled

Lot Details

6,749 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3496
  • Lot Acreage: 0.1549
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1915
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Hardwood
  • Bedrooms: 5
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Dishwasher, Microwave, Hood Fan, Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 341.82
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Mountains, Valley, Panoramic
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Garage - 1 Car
  • Total Parking: 1

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Central
  • Heating: Central
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5443-012-019
  • Lot Size Area: 6749

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.08
  • Number Of Units: 2
  • Type Of Units: attached

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2017
Sold by
Bought by
Current Estimated Value
$1,736,457

Purchase Details

Closed on
Apr 14, 2017
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 11, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- None Available
-- Chicago Title Co
-- Chicago Title Co
$275,000 Chicago Title Co
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/20/2021 01/20/21 Sold $1,288,000 0.0% $368 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
12/14/2020 12/14/20 Off Market $1,288,000 -- --
12/09/2020 12/09/20 Price Changed $1,195,000 -20.1% $342 / Sq Ft
11/19/2020 11/19/20 For Sale $1,495,000 -- $428 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,001 $1,394,170 $974,188 $419,982
2024 $16,802 $1,366,835 $955,087 $411,748
2023 $16,477 $1,340,035 $936,360 $403,675
2022 $15,708 $1,313,760 $918,000 $395,760
2021 $12,341 $1,018,633 $491,225 $527,408
2020 $12,464 $1,008,190 $486,189 $522,001
2019 $11,972 $988,422 $476,656 $511,766
2018 $11,889 $969,042 $467,310 $501,732
2017 $8,648 $700,109 $316,305 $383,804
2016 $8,423 $686,382 $310,103 $376,279
2015 $8,301 $676,072 $305,445 $370,627
2014 $8,336 $662,829 $299,462 $363,367
Source: Public Records

Agents Affiliated with this Home

  • Ken Shapiro

    Seller's Agent in 2021

    Ken Shapiro

    Silverwood Properties

    (818) 237-6963

    10 in this area

    43 Total Sales

    Ken Shapiro
    Section Image
  • Henry Plascencia

    Buyer's Agent in 2021

    Henry Plascencia

    Compass

    (310) 995-6273

    3 in this area

    33 Total Sales

    Henry Plascencia
    Section Image
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Map

Source: The MLS

MLS Number: 20-661354

The MLS

APN: 5443-012-019

California Los Angeles County Los Angeles 90026 Echo Park

2429 Echo Park Ave, Los Angeles, CA

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