NOT LISTED FOR SALE

5544 Echo St Los Angeles, CA 90042

Estimated Value: $1,688,394 - $1,703,000

6 Beds
5 Baths
3,437 Sq Ft
$493/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $1,343,000 $391 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,659/month

19 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 2-minute walk to Tierra de la Culebra Park

About This Home

As of April 2021

This 5 unit income property is centrally located in the demanding area of Highland Park. It features 3 individual units plus a separate on car garage. The front building has 3 units and behind it sits 2 individual bungalow style studios with its own yard. Three of the units have its own laundry hook ups. It is fully occupied.

Last Agent to Sell the Property

Steve Kwon

Keller Williams Realty License #01453193 Listed on: 01/14/2021

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,909

Year Built

  • Built in 1923

Lot Details

  • 5,251 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,437 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 5468027007

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $2,100
  • Trash Expense $900
  • Water Sewer Expense $2,100
  • New Taxes Expense $17,524
  • Operating Expense $27,714
  • Gross Income $93,984
  • Net Operating Income $66,270

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,909

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5468027007
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 390.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 5251.00
  • Lot Size Acres: 0.1205

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 93984.00
  • Gross Scheduled Income: 93984.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 5251.0000 Square Feet
  • Net Operating Income: 66270.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 27714.00
  • Rent Control: Yes
  • Total Expenses: 27714.00

Tax Info

  • New Taxes Expense: 17524.00
  • Tax Census Tract: 1838.10
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2021
Closed on
Mar 18, 2021
Sold by
Tran Jack
Bought by
Yamaguchi Akiko and The Akiko Yamaguchi Living Tru
Seller's Agent
Steve Kwon
Keller Williams Realty
List Price
$1,375,000
Sold Price
$1,343,000
Premium/Discount to List
-$32,000
-2.33%
Current Estimated Value
$1,695,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,697
Avg. Annual Appreciation
5.45%

Purchase Details

Closed on
Oct 7, 2011
Sold by
Tran Katherine
Bought by
Tran Jack

Purchase Details

Closed on
Sep 27, 2011
Sold by
Atlantic Financial Service Company Llc
Bought by
Tran Jack

Purchase Details

Closed on
May 7, 2007
Sold by
Iso Christine
Bought by
Atlantic Financial Service Co Llc

Purchase Details

Closed on
Mar 19, 2007
Sold by
Gerda Buss & Boguslaw Megiel Partnership
Bought by
Iso Christine

Purchase Details

Closed on
Sep 8, 2004
Sold by
Gentry James E and Huteson Thomas R
Bought by
Gerda Buss & Boguslaw Megiel Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 1998
Sold by
Tortorice Paulo
Bought by
Gentry James E and Huteson Thomas R

Purchase Details

Closed on
Mar 19, 1997
Sold by
Cen Max Properties
Bought by
Tortorice Paulo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,908
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 1997
Sold by
Huteson Thomas R
Bought by
Cen Max Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,908
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 1995
Sold by
Weiss Richard A
Bought by
Huteson Thomas R
Source: Public Records

Range of Values:

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Average Value
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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
Yamaguchi Akiko $1,343,000 Fidelity National Title Co
Tran Jack -- Chicago Title Company
Tran Jack $555,000 Ticor Title Company Of Ca
Atlantic Financial Service Co Llc -- None Available
Iso Christine $590,000 North American Title Co
Gerda Buss & Boguslaw Megiel Partnership $450,000 Commonwealth Land Title
Gentry James E -- --
Tortorice Paulo $185,000 Commonwealth Title
Cen Max Properties -- Commonwealth Title
Huteson Thomas R -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akiko Yamaguchi Living Trust $900,000
Previous Owner Gerda Buss & Boguslaw Megiel Partnership $245,000
Previous Owner Gerda Buss & Boguslaw Megiel Partnership $55,000
Previous Owner Gerda Buss & Boguslaw Megiel Partnership $40,000
Previous Owner Tortorice Paulo $179,908
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $1,343,000 -2.3% $391 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $1,375,000 -- $400 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,909 $1,453,705 $912,489 $541,216
2024 $17,909 $1,425,202 $894,598 $530,604
2023 $17,570 $1,397,257 $877,057 $520,200
2022 $16,769 $1,369,860 $859,860 $510,000
2021 $8,345 $644,014 $512,894 $131,120
2020 $8,422 $637,661 $507,635 $130,026
2019 $8,111 $625,164 $497,682 $127,482
2018 $8,054 $612,912 $487,924 $124,988
2016 $7,643 $588,874 $468,978 $119,896
2015 $7,539 $580,030 $461,934 $118,096
2014 $7,592 $568,669 $452,886 $115,783
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Steve Kwon

    Keller Williams Realty

    (626) 204-3300

    1 in this area

    3 Total Sales

    Steve Kwon
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21008546

California Regional Multiple Listing Service (CRMLS)

APN: 5468-027-007

California Los Angeles County Los Angeles 90042

5544 Echo St, Los Angeles, CA

This home is located at 5544 Echo St, Los Angeles, CA 90042 since 14 January 2021 and is currently estimated at $1,695,697, approximately $493 per square foot. This property was built in 1923. 5544 Echo St is a home located in Los Angeles County with nearby schools including Richard Riordan Primary Center, Monte Vista Street Elementary School, and Benjamin Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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