NOT LISTED FOR SALE

700 Echo Park Ave Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $806,000 - $1,191,595

2 Beds
2 Baths
1,168 Sq Ft
$817/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $782,000 $670 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,838/month

6 Days on Market

About This Home

As of June 2022

Lowest Price Duplex within 2 miles AND One Unit Vacant! Two sister buildings directly across from Echo Park Lake! This hillside bungalow-style duplex offers direct access to Echo Park Lake plus walkability to Sunset Blvd's shops, cafes, and restaurants. The two structures on the property are two (1Br + 1Ba) 584 square foot units, one unit is occupied and the other is vacant. Each has its own office nooks, private patios, and small yards in the rear. There is no parking, but plenty of street parking, and access to the units via a staircase. The property is located in the highly coveted Angeleno Heights HPOZ. This is an excellent investment and owner-user opportunity in Echo Park!

Last Agent to Sell the Property

Nicole Apostolos

Equity Union License #01464936 Listed on: 05/10/2022

Equity Union

Co-Listed By

Dana Coronado

Compass License #01746702

Compass

Last Buyer's Agent

Dana Coronado

Compass License #01746702

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,097

Year Built

  • Built in 1923

Lot Details

  • 4,973 Sq Ft Lot
  • Lake Front
  • Property is zoned LARD2

Interior Spaces

  • 1,168 Sq Ft Home
  • Lake Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Window Unit Cooling System

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 5404-023-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,097

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1168
  • Lot Acreage: 0.1142
  • Price Per Unit: 387500.00
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 663.53

Exterior Features

  • Other Structures: None
  • View: Lake
  • View: Yes
  • Waterfront: Lake

Utilities

  • Cooling: Window Unit(s)
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 20.20
  • Assessed Improvement Value: 116036
  • Assessed Land Percent: 79.8
  • Assessed Land Value: 458355
  • Total Assessed Value: 574391
  • Assessor Parcel Number: 5404-023-027
  • Lot Size Area: 4973

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.38
  • Number Of Units: 2
  • Type Of Units: 1+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2012
Closed on
May 25, 2012
Sold by
Mcknight Sally
Bought by
Mcknight Gregory
Seller's Agent
Steve Clark
Backbeat Homes
Buyer's Agent
Eliot Angle
Berkshire Hathaway HomeServices California Propert
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$954,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$459,649
Avg. Annual Appreciation
5.02%
Original Mortgage
$371,250
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2012
Sold by
Dang Luan and Yu Hsiao Yen
Bought by
Mcknight Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2006
Sold by
Quinn Duncan
Bought by
Dang Luan and Yu Hsiao Yen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2003
Sold by
Quinn Katherine Joan and Will Of Anthony R Quinn
Bought by
Quinn Duncan
Source: Public Records

Range of Values:

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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
Mcknight Gregory -- Lawyers Title
Mcknight Gregory $495,000 Lawyers Title
Dang Luan $560,000 Fidelity National Title Co
Quinn Duncan $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcknight Gregory $371,250
Previous Owner Dang Luan $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2022 06/07/22 Sold $782,000 +0.9% $670 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $775,000 +56.6% $664 / Sq Ft
06/01/2012 06/01/12 Sold $495,000 0.0% $424 / Sq Ft View Prior Sale
03/29/2012 03/29/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $495,000 -- $424 / 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 $10,097 $829,863 $662,193 $167,670
2024 $10,097 $813,592 $649,209 $164,383
2023 $9,903 $797,640 $636,480 $161,160
2022 $7,159 $585,878 $467,522 $118,356
2021 $7,072 $574,391 $458,355 $116,036
2020 $7,142 $568,503 $453,656 $114,847
2019 $6,864 $557,357 $444,761 $112,596
2018 $6,822 $546,430 $436,041 $110,389
2016 $6,525 $525,213 $419,110 $106,103
2015 $6,432 $517,325 $412,815 $104,510
2014 $6,462 $507,192 $404,729 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Nicole Apostolos

    Seller's Agent in 2022

    Nicole Apostolos

    Equity Union

    (818) 747-7442

    1 in this area

    27 Total Sales

    Nicole Apostolos
    Section Image
  • Dana Coronado

    Seller Co-Listing Agent in 2022

    Dana Coronado

    Compass

    (310) 562-9630

    2 in this area

    38 Total Sales

    Dana Coronado
    Section Image
  • Steve Clark

    Seller's Agent in 2012

    Steve Clark

    Backbeat Homes

    (818) 519-9363

    6 in this area

    188 Total Sales

    Steve Clark
    Section Image

  • E

    Buyer's Agent in 2012

    Eliot Angle

    Berkshire Hathaway HomeServices California Propert

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Map

Source: The MLS

MLS Number: 22-155111

The MLS

APN: 5404-023-027

California Los Angeles County Los Angeles 90026 Echo Park

700 Echo Park Ave, Los Angeles, CA

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