
2436 Echo Park Ave Los Angeles, CA 90026
Echo Park NeighborhoodHighlights
- Rooftop Deck
- City View
- Secluded Lot
- John Marshall Senior High Rated A
- Hilltop Location
- Wood Flooring
About This Home
As of October 2024We 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
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
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
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 | $19,101 | $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 |
Agents Affiliated with this Home
-
Seller's Agent in 2024
Jason Tuvia
Marcus & Millichap
(818) 212-2700
12 in this area
110 Total Sales
Map
Source: The MLS
MLS Number: 24-410749

APN: 5443-014-004
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