NOT LISTED FOR SALE

Estimated Value: $1,391,000 - $1,576,000

4 Beds
4 Baths
2,972 Sq Ft
$487/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $1,400,000 $471 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,132/month

49 Days on Market

About This Home

As of April 2022

Here is your opportunity to purchase a triplex across Echo Park Lake around the same price range single family homes are selling for in the area. The opportunity consists of 2 separate structure -- the front building which houses a 2bed/1.5bath unit & studio/1.0bath unit & the rear building that boasts 2bed/1.0bath. The building in the rear offers four single car garages below the 2bed/1.0bath unit. These garages can potentially be converted to ADU in the future. Tenants use it as tandem parking -- offering a total of 8 parking spaces for 3 units.

Last Agent to Sell the Property

Andres Diaz

Keller Williams Downtown LA License #01956479 Listed on: 01/26/2022

Keller Williams Downtown LA

Last Buyer's Agent

Andres Diaz

Keller Williams Downtown LA License #01956479

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,164

Year Built

  • Built in 1940

Lot Details

  • 7,500 Sq Ft Lot

Parking

  • 4 Car Garage
  • Assigned Parking

Interior Spaces

  • 2,972 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5404-006-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,164

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2972
  • Lot Acreage: 0.1722
  • Stories: 1
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 504.71

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Assigned
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 25.00
  • Assessed Improvement Value: 191387
  • Assessed Land Percent: 75
  • Assessed Land Value: 574163
  • Total Assessed Value: 765550
  • Assessor Parcel Number: 5404-006-005
  • Lot Size Area: 7500

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.56
  • Number Of Units: 3
  • Type Of Units: Market

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2015
Sold by
International Church Of The Foursquare G
Bought by
Echo Park Capital Venture Llc
Current Estimated Value
$1,448,198
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
Echo Park Capital Venture Llc $17,800,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Echo Park Capital Venture Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2022 04/22/22 Sold $1,400,000 -6.7% $471 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $1,500,000 -- $505 / 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 $18,164 $1,511,088 $1,008,147 $502,941
2024 $18,164 $1,456,560 $988,380 $468,180
2023 $17,817 $1,428,000 $969,000 $459,000
2022 $9,783 $780,860 $585,646 $195,214
2021 $9,656 $765,550 $574,163 $191,387
2020 $9,748 $758,041 $568,276 $189,765
2019 $9,378 $743,185 $557,134 $186,051
2018 $9,229 $728,620 $546,210 $182,410
2016 $8,813 $700,000 $525,000 $175,000
2015 $1,427 $80,327 $25,681 $54,646
2014 $1,453 $78,754 $25,178 $53,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-122305

The MLS

APN: 5404-006-005