NOT LISTED FOR SALE

827 Glendale Blvd Los Angeles, CA 90026

Echo Park Neighborhood
16 Beds
12 Baths
7,924 Sq Ft
6,999 Sq Ft Lot

Last Sold November 23, 2021

Last sale price $3,150,000 $398 Per Sq Ft

71 Days on Market

Highlights

  • Balcony
  • Central Heating and Cooling System
  • Gated Home
  • Card or Code Access
  • 12 Car Garage
  • 3-minute walk to Echo Park Lake

About This Home

As of November 2021

Rare opportunity to purchase a relatively new construction apartment building across from Echo Park. A prospective buyer has the opportunity to purchase an apartment building subject to AB 1482 rent control which allows for 5% + CPI annual rent increases. The property offers an outstanding unit mix of studio, two-bedroom, & three-bedroom units & approximately 40% upside in rental income. The studio unit measures approximately 970 square feet and was originally a recreation room. Current owners are in the process of receiving approval permits to convert the recreation room into a legal studio, accessory dwelling unit (ADU). Lastly, the three-bedroom/three-bathroom plus a den unit is being operated as a fourth bedroom.

Last Agent to Sell the Property

Andres Diaz

Keller Williams Downtown LA License #01956479 Listed on: 07/21/2021

Keller Williams Downtown LA

Last Buyer's Agent

Brock Harris

Keller Williams Realty Los Feliz License #01328996

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,999 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 7,924 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Laminate Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Car Garage
  • Automatic Gate

Additional Features

  • Balcony
  • Accessory Dwelling Unit (ADU)
  • Central Heating and Cooling System

Community Details

  • 6 Units
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 5404-006-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Rare opportunity to purchase a relatively new construction apartment building across from Echo Park. A prospective buyer has the opportunity to purchase an apartment building subject to AB 1482 rent control which allows for 5% + CPI annual rent increases. The property offers an outstanding unit mix of studio, two-bedroom, & three-bedroom units & approximately 40% upside in rental income. The studio unit measures approximately 970 square feet and was originally a recreation room. Current owners are in the process of receiving approval permits to convert the recreation room into a legal studio, accessory dwelling unit (ADU). Lastly, the three-bedroom/three-bathroom plus a den unit is being operated as a fourth bedroom.
  • Living Area: 7924
  • Lot Acreage: 0.1616
  • Stories: 3
  • Year Built: 1988
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Bedrooms: 16
  • Total Bathrooms: 12.00
  • Equipment: Dishwasher, Elevator, Microwave
  • Price Per S Q F T: 416.46

Exterior Features

  • Other Features: Balcony
  • Other Structures: Accessory Dwelling Unit

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 12

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Card/Code Access, Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.30
  • Assessed Improvement Value: 541216
  • Assessed Land Percent: 69.7
  • Assessed Land Value: 1244796
  • Total Assessed Value: 1786012
  • Assessor Parcel Number: 5404-006-029
  • Lot Size Area: 6999

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.49
  • Number Of Units: 6
  • Total Annual Expense: 65481
  • Type Of Units: Market
  • Vacancy Rate: 0%

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/23/2021 11/23/21 Sold $3,150,000 -4.5% $398 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/07/2021 09/07/21 Price Changed $3,300,000 -8.3% $416 / Sq Ft
07/21/2021 07/21/21 For Sale $3,600,000 -- $454 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andres Diaz

    Keller Williams Downtown LA

    Section Image
  • Brock Harris

    Buyer's Agent in 2021

    Brock Harris

    Keller Williams Realty Los Feliz

    (213) 842-7625

    11 in this area

    201 Total Sales

    Brock Harris
    Section Image
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Map

Source: The MLS

MLS Number: 21-763560

The MLS
California Los Angeles County Los Angeles 90026 Echo Park

827 Glendale Blvd, Los Angeles, CA

This home is located at 827 Glendale Blvd, Los Angeles, CA 90026 since 21 July 2021. This property was built in 1988. 827 Glendale Blvd is a home located in Los Angeles County with nearby schools including Virgil Middle School, Belmont High School, and Academic Leadership Community Miguel Contreras Learning Complex.

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