NOT LISTED FOR SALE

920 Everett St Los Angeles, CA 90026

Echo Park Neighborhood
6 Beds
12 Baths
4,930 Sq Ft
7,482 Sq Ft Lot

Last Sold January 17, 2020

Last sale price $1,975,000 $401 Per Sq Ft

36 Days on Market

Highlights

  • Central Heating and Cooling System
  • 1-Story Property
  • 4-minute walk to Everett Park

About This Home

As of January 2020

We are pleased to offer for sale 920 Everett St. in Echo Park just west of Chinatown Heights and Downtown Los Angeles. Income/expense info is proforma. All units are large 1-bedroom 2-baths with additional den/bonus rooms similar to a second bedroom, central air conditioning, individual water heaters and a large parking lot. The offering represents a value-add reposition opportunity to acquire a 2000-built multifamily asset not subject to Los Angeles RSO. The property will fall under the January California state measure. In largely original condition overall, current rents average below $1.50/sf. The asset is offered with over 120% upside and all offers are encouraged. The immediate area is bustling with redevelopment and repositioning as market rents continue to follow nearby Silver Lake and DTLA. Around the corner is legendary architect William Pereira's reimagined 'The Elysian', a 91-unit luxury apartment complex formerly the headquarters for the Metropolitan Water District.

Last Agent to Sell the Property

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 10/29/2019

Last Buyer's Agent

Eric Dilanian

Remax Commercial and Investment Realty License #01951699

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 7,482 Sq Ft Lot

Interior Spaces

  • 4,930 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 12 Bathrooms

Parking

  • 10 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • The owner pays for water
  • Assessor Parcel Number 5406-017-023

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4930
  • Probate: No
  • Stories: 1
  • Year Built: 2000
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 12.00
  • Equipment: Cable, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 405.48

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Construction: woodframe
  • Construction: Frame and Stucco
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 10

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 226724
  • Assessed Land Value: 121565
  • Assessor Parcel Number: 5406-017-023
  • Geocode Override: No
  • Lot Size Area: 7482

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 10.68
  • Number Of Units: 6
  • Rent Control: 100
  • Type Of Units: apartment

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2020 01/17/20 Sold $1,975,000 -1.2% $401 / Sq Ft
12/04/2019 12/04/19 Pending -- -- --
10/29/2019 10/29/19 For Sale $1,999,000 -- $405 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Peterson

    Seller's Agent in 2020

    Adam Peterson

    CB Richard Ellis, Inc.

    (310) 954-7031

    19 Total Sales

    Adam Peterson
    Section Image
  • Eric Dilanian

    Buyer's Agent in 2020

    Eric Dilanian

    RE/MAX

    (213) 233-4379

    42 Total Sales

    Eric Dilanian
    Section Image
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Map

Source: The MLS

MLS Number: 19-524966

The MLS
California Los Angeles County Los Angeles 90012 Echo Park

920 Everett St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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