$2,400,000
SOLD OCT 8, 2024
11 Beds
9 Baths
5,354 Sq Ft
5,623 Sq Ft Lot

Recently Sold

$448 Per Sq Ft

11% Below List Price

20 Days on Market

Highlights

  • Rooftop Deck
  • City View
  • Secluded Lot
  • John Marshall Senior High Rated A
  • Hilltop Location
  • Wood Flooring

About This Home

As of October 2024

We are pleased to present an eight (8) unit multifamily property located at 2436 Echo Park Avenue in Los Angeles, California. The property is situated in a prime Echo Park location at the top of a hill in Elysian Heights, south of Riverside Drive and west of Stadium Way. Originally built in 1930, this turn-key multi-layered apartment building contains a great unit mix of six (6) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit, and one (1) three-bedroom / one-and-a-half-bathroom unit across two (2) detached buildings. The property is positioned on a quiet residential hillside between two (2) streets, boasting panoramic views of surrounding cities and the Los Angeles National Forest mountain range from all the cottage style units. The building is fully turn-key including a new foundation in the main structure. Preliminary plans are included to build a two-story one-bedroom / one-bathroom ADU unit out of one (1) of the garages. Buyer has the option to redo ADU plans for up to eight (8) ADUs if SB 1211 is signed into law (the bill was engrossed June 12, 2024). Select units feature outdoor decks with incredible views. In addition, the property features on-site laundry, four (4) garage parking spaces, and three (3) additional open parking spaces. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to acquire turn-key, high cash flowing cottage style units on a rare hillside property in a core market of Los Angeles.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 07/02/2024

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 07/02/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,101

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 5,623 Sq Ft Lot
  • Landscaped
  • Secluded Lot
  • Hilltop Location

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Cottage
  • Split Level Home

Interior Spaces

  • 5,354 Sq Ft Home
  • Built-In Features
  • Wood Flooring
  • City Views
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Balcony
  • Rooftop Deck

Location

  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5443-014-004

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • 5-Story Property

Building Details

  • Vacancy Allowance $7,470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,101

Year Built

Built in 1930 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Cottage
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5354
  • Lot Acreage: 0.1291
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 5
  • Year Built: 1930
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 11
  • Laundry: Laundry Area
  • Total Bathrooms: 9.00
  • Equipment: Range/Oven, Refrigerator, Built-Ins
  • Price Per S Q F T: 503.36

Exterior Features

  • Other Features: Balcony, Two On A Lot
  • Other Structures: Stall(s), Other
  • Patio: Balcony, Roof Top Deck
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 3
  • Parking Garage: Garage Is Attached, Covered Parking, Uncovered
  • Total Parking: 7

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Air Conditioning
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 43.86
  • Assessed Improvement Value: 650250
  • Assessed Land Percent: 56.14
  • Assessed Land Value: 832320
  • Total Assessed Value: 1482570
  • Assessor Parcel Number: 5443-014-004
  • Lot Description: Landscaped, Secluded, Single Lot
  • Lot Location: City, Hilltop
  • Lot Size Area: 5623

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.82
  • Number Of Units: 8
  • Total Annual Expense: 72369
  • Type Of Units: Market
  • Vacancy Allow: 7470
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 12%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Aug 20, 2024
Sold by
Ugp-Echo Park Lp
Bought by
Fpg Echo Park Property Llc
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$2,695,000
Sold Price
$2,400,000
Premium/Discount to List
-$295,000
-10.95%
Views
5
Current Estimated Value
$2,421,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,210
Avg. Annual Appreciation
1.69%
Original Mortgage
$1,645,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 6, 2020
Closed on
Nov 9, 2020
Sold by
Lee Street Productions Llc
Bought by
Ugp Echo Park Lp
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Jason Tuvia
Marcus & Millichap
List Price
$1,550,000
Sold Price
$1,425,000
Premium/Discount to List
-$125,000
-8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%
Original Mortgage
$1,823,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2017
Sold by
Trask Laura E and Laura E Trask Trust
Bought by
Lee Street Productions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2013
Sold by
Trask Laura E
Bought by
Trask Laura Esther and The Laura Esther Trask Trust

Purchase Details

Closed on
Feb 12, 2013
Sold by
Trask Doris Yu Wah Woo
Bought by
Trask Benjamin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2012
Sold by
Trask Philip Alan
Bought by
Trask Benjamin M and Trask Laura E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2012
Sold by
Trask Philip Alan and Philip Alan Trask Trust
Bought by
Trask Philip Alan and Trask Benjamin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 1999
Sold by
Johnson Herbert Wayne
Bought by
Northrup Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,750
Interest Rate
6.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 1999
Sold by
Corona Judith
Bought by
Trask Philip Alan and The Philip Alan Trask Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,750
Interest Rate
6.96%
Mortgage Type
Commercial
Source: Public Records

Similar Homes in the area

  • 5115 Clinton St Unit 1, Los Angeles, CA 90004

    $2,575,000

    • 10 Beds
    • 11 Baths
    • 5,393 Sq Ft
    • 5115 Clinton St
    • Unit 1
    • Los Angeles, CA

    Beautifully remodeled and high in-place cash flow trophy asset located in the heart of A+ Larchmont and just blocks away to Historic Hancock Park and Wilshire Country Club! This professionally managed building has been fully restored and is being offered a true 6.01% current cap rate (based on current rents, new tax rate, and May 2024 to May 2025 actual expenses). 6 of the 7 units are eligible

    Rob Kellner Avenue Realty Group

    Section Image
  • 2367 W 18th St, Los Angeles, CA 90019

    $2,400,000

    • 10 Beds
    • 9 Baths
    • 7,562 Sq Ft
    • 2367 W 18th St
    • Los Angeles, CA

    Presenting this 9-Unit Multifamily Opportunity in Prime Mid-City Los Angeles, a rare investment opportunity located at the high-visibility corner of St. Andrews Place and 18th Street in the heart of Mid-City Los Angeles — one of the city's most sought-after rental submarkets. This two-story, gated apartment building consists of 9 units with a favorable mix of studio, one-bedroom, and two-bedroom

    Steve Kim Best Realty & Investment, Inc.

    Section Image
  • 203 W Opp St, Wilmington, CA 90744

    $2,145,000

    • 11 Beds
    • 10 Baths
    • 6,424 Sq Ft
    • 203 W Opp St
    • Wilmington, CA

    Prime Investment opportunity. Pride of ownership and a well-maintained 9-unit property in Wilmington is available for sale! The property offers a combined living space of 6424 sq ft. Situated on a generous 7234 square foot lot.The Unit mix is comprised of 7 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 1 two-bedroom/two-bath. Each unit provides comfortable living quarters. 5 of

    Freida Sanei BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

    Section Image
  • 3324 Hamilton Way, Los Angeles, CA 90026

    $2,100,000

    • 9 Beds
    • 4 Baths
    • 3,358 Sq Ft
    • 3324 Hamilton Way
    • Los Angeles, CA

    Renovated triplex in the heart of Silver Lake with coffee shops, bars, restaurants, and boutique shops within minutes. Each of the three units offers spacious 3-bedroom layouts, hardwood floors, high ceilings, and private outdoor spaces. The kitchens feature new stainless steel appliances, quartz countertops, and farmhouse sinks. Recent upgrades include modern windows, stylish fixtures, tankless

    Richard Schulman Keller Williams Los Angeles

    Section Image
  • 715 Douglas St, Los Angeles, CA 90026

    $2,575,000

    • 10 Beds
    • 8 Baths
    • 3,325 Sq Ft
    • 715 Douglas St
    • Los Angeles, CA

    715 Douglas St is an artfully restored historical triplex in the heart of Echo Park, one of Los Angeles’ most vibrant and sought-after neighborhoods. The property currently offers a return of 5.74%, with the existing A+ tenants paying $7,196, $5,400, and $3,502 in rent. Additionally, the property is being delivered with SHOVEL READY plans for a freestanding 2-bedroom, 2-bathroom ADU and RTI plans

    Cheyenne Womack Myunits.com Inc.

    Section Image
  • 1306 Talmadge St, Los Angeles, CA 90027

    $2,695,000

    • 10 Beds
    • 6 Baths
    • 3,221 Sq Ft
    • 1306 Talmadge St
    • Los Angeles, CA

    Step into this exceptional investment opportunity or owner-occupant dream! This fully updated 4-plex features two duplexes housed in separate buildings, thoughtfully designed around a common area courtyard. With strong market rents, incredible tenants in place, and junior ADU architectural drawings and structural calculations already completed, this property offers turnkey ease and endless

    Dunia Handy Gill Coldwell Banker Realty

    Section Image
  • 636 Robinson St, Los Angeles, CA 90026

    $2,650,000

    • 11 Beds
    • 7 Baths
    • 4,419 Sq Ft
    • 636 Robinson St
    • Los Angeles, CA

    Huge Price Improvement! Motivated Seller! Location! Location! Location! Proud to offer this 6-unit apartment building located in highly desirable rental market of Silver Lake. The building consists of (4) 2-bedroom, 1-bathroom units, (1) 2-bedroom, 2-bathroom units, and (1) 1-bedroom, 1-bathroom. Each unit comes with designated parking spot and has it's own separate water heater. Two downstairs

    Vilena Baranova Vilena Baranova

    Section Image
  • 1145 N Hoover St, Los Angeles, CA 90029

    $2,050,000

    • 9 Beds
    • 7 Baths
    • 5,048 Sq Ft
    • 1145 N Hoover St
    • Los Angeles, CA

    Welcome to 1145 N. Hoover St, a fully-leased 7-unit apartment building located in the prime East Hollywood/Silver Lake area. Situated in a vibrant neighborhood renowned for its diverse community, hip culture, and artistic vibe, this property offers a unique blend of artistic expression, outdoor beauty, community spirit, and urban convenience, making it a desirable place to call home for many

    Timothy Xu Compass

    Section Image
  • 1816 Hillhurst Ave, Los Angeles, CA 90027

    $2,549,000

    • 11 Beds
    • 8 Baths
    • 5,484 Sq Ft
    • 1816 Hillhurst Ave
    • Los Angeles, CA

    Pride of ownership and one of a kind commercial and mix use zoning investment property located in the prime and very desirable Los Feliz area. Featuring unusual 2 separate buildings, this property is located within proximity and walking distance to shops, restaurants, markets, banks, school, Cedar Sinai Medical Center. Do not miss this great opportunity to own a building with great pride and

    Dikran Shirinyan P&S Realty

    Section Image

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 Type Sale Price Title Company
Grant Deed $2,400,000 Ticor Title Company
Grant Deed $1,425,000 Ticor Title Company Of Ca
Grant Deed -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- North American Title
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity Title
Grant Deed $369,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,645,000 New Conventional
Previous Owner $1,600,000 New Conventional
Previous Owner $1,823,000 Commercial
Previous Owner $590,000 Commercial
Previous Owner $400,000 Commercial
Previous Owner $276,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Sold $2,400,000 -10.9% $448 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $2,695,000 +89.1% $503 / Sq Ft
12/11/2020 12/11/20 Sold $1,425,000 -8.1% $266 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $1,550,000 -- $290 / 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 $19,101 $2,400,000 $1,200,000 $1,200,000
2024 $19,101 $1,512,221 $848,966 $663,255
2023 $18,741 $1,482,570 $832,320 $650,250
2022 $17,890 $1,453,500 $816,000 $637,500
2021 $17,655 $1,425,000 $800,000 $625,000
2020 $7,261 $529,335 $242,247 $287,088
2019 $7,003 $518,965 $237,498 $281,467
2018 $6,968 $508,798 $232,842 $275,956
2016 $6,582 $488,657 $223,801 $264,856
2015 $6,495 $481,318 $220,440 $260,878
2014 $6,567 $471,890 $216,122 $255,768
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-410749

The MLS

APN: 5443-014-004