NOT LISTED FOR SALE
6 Beds
12 Baths
4,930 Sq Ft
7,482 Sq Ft Lot

Sale Details

Date Sold: January 17, 2020

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

36 Days on Market

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

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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

7,482 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2019
Closed on
Jan 9, 2020
Sold by
Bought by
Seller's Agent
Adam Peterson
CB Richard Ellis, Inc.
Buyer's Agent
Eric Dilanian
Remax Commercial and Investment Realty
List Price
$1,999,000
Sold Price
$1,975,000
Premium/Discount to List
-$24,000
-1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,997,700
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,039,180
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Echo Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,975,000 North American Title Company
$1,950,000 Ticor Title Company
$90,000 Southland Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,487,500
Closed $1,997,700
Previous Owner $1,039,180
Previous Owner $300,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,841 $2,159,946 $1,203,008 $956,938
2024 $26,524 $2,117,595 $1,179,420 $938,175
2023 $25,851 $2,076,075 $1,156,295 $919,780
2022 $24,666 $2,035,369 $1,133,623 $901,746
2021 $24,376 $1,995,461 $1,111,396 $884,065
2020 $24,335 $1,950,000 $1,100,000 $850,000
2019 $5,188 $362,358 $126,475 $235,883
2018 $5,022 $355,254 $123,996 $231,258
2016 $4,757 $341,461 $119,182 $222,279
2015 $4,696 $336,333 $117,392 $218,941
2014 $4,750 $329,746 $115,093 $214,653
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-524966

The MLS
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