NOT LISTED FOR SALE

723 Echo Park Terrace Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $897,000 - $1,330,031

2 Beds
2 Baths
1,497 Sq Ft
$781/Sq Ft Est. Value

Last Sold December 03, 2013

Last sale price $709,000 $474 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,985/month

47 Days on Market

About This Home

As of December 2013

Great Hillside duplex offers spectacular views of Echo Park Lake, Silver Lake and Los Feliz hills w/Hollywood sign and Observatory in the distance. Tucked away on a quiet cul-de-sac above the lake. The 1950's architecture offers hrdwd floors, walls of windows, large kitchens w/dining areas, generous bedrooms and baths. Great storage within plus private garages, shared laundry room, and bonus room. Grassy yard and garden for tenants to enjoy. A 3rd garage is rented for an add'l $100/month. Tenants pay gas and electric. Copper repipe 2007, new heaters 2010, seismic upgrade 2012. Close to vibrant Echo Park community shops and restaurants and Downtown LA. Please do not disturb tenants.

Last Agent to Sell the Property

Karen Lower

Compass License #01296557 Listed on: 09/04/2013

Compass

Last Buyer's Agent

Kirk Gerou

Berkshire Hathaway HomeServices California Properties License #01336597

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,364

Year Built

  • Built in 1950

Lot Details

  • 3,178

Parking

  • 3 Car Attached Garage

Home Design

  • 1,497 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 3,178 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5404-023-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,364

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1497
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 500.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 329598
  • Assessed Land Value: 426664
  • Assessor Parcel Number: 5404-023-020
  • Geocode Override: No
  • Lot Size Area: 3178

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2014
Sold by
Amundsen Katharine Margaret
Bought by
Amundsen Katherine Margaret and Brantner Robert James
Current Estimated Value
$1,169,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Outstanding Balance
$371,191
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$798,317

Purchase Details

Listed on
Sep 4, 2013
Closed on
Oct 23, 2013
Sold by
Beach Benjamin
Bought by
Amundsen Katherine Margaret and Brantner Robert James
Seller's Agent
Karen Lower
Compass
Buyer's Agent
Kirk Gerou
Berkshire Hathaway HomeServices California Properties
List Price
$749,000
Sold Price
$709,000
Premium/Discount to List
-$40,000
-5.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$492,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2006
Sold by
Quinn Duncan
Bought by
Beach Benjamin and Faer Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,200
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2003
Sold by
Quinn Katherine Joan
Bought by
Quinn Duncan

Purchase Details

Closed on
Sep 29, 2000
Sold by
Quinn Duncan
Bought by
Quinn Anthony and 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
Amundsen Katherine Margaret -- Placer Title Company
Amundsen Katherine Margaret $709,000 California Title Company
Beach Benjamin $709,000 Fidelity National Title Co
Quinn Duncan $290,000 --
Quinn Anthony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amundsen Katherine Margaret $486,000
Closed Amundsen Katherine Margaret $492,000
Previous Owner Beach Benjamin $567,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2013 12/03/13 Sold $709,000 -5.3% $474 / Sq Ft
10/21/2013 10/21/13 Pending -- -- --
09/04/2013 09/04/13 For Sale $749,000 -- $500 / 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 $10,364 $863,453 $608,927 $254,526
2024 $10,364 $846,524 $596,988 $249,536
2023 $10,162 $829,927 $585,283 $244,644
2022 $9,686 $813,655 $573,807 $239,848
2021 $9,566 $797,702 $562,556 $235,146
2019 $9,277 $774,043 $545,871 $228,172
2018 $9,229 $758,867 $535,168 $223,699
2016 $8,820 $729,401 $514,388 $215,013
2015 $8,691 $718,446 $506,662 $211,784
2014 $8,782 $709,000 $500,000 $209,000
Source: Public Records

Agents Affiliated with this Home

  • Karen Lower

    Seller's Agent in 2013

    Karen Lower

    Compass

    (323) 804-8043

    2 in this area

    59 Total Sales

    Karen Lower
    Section Image
  • Kirk Gerou

    Buyer's Agent in 2013

    Kirk Gerou

    Berkshire Hathaway HomeServices California Properties

    (323) 819-7954

    22 Total Sales

    Kirk Gerou
    Section Image
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Map

Source: The MLS

MLS Number: 13-701443

The MLS

APN: 5404-023-020

California Los Angeles County Los Angeles 90026 Echo Park

723 Echo Park Terrace, Los Angeles, CA

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