NOT LISTED FOR SALE

Estimated Value: $1,434,000 - $1,759,698

1 Bed
1 Bath
590 Sq Ft
$2,730/Sq Ft Est. Value

Last Sold July 06, 2016

Last sale price $625,100 $1,059 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $10,218/month

11 Days on Market

Highlights

  • City Lights View
  • 1-Story Property
  • 2-minute walk to Everett Park
  • Bungalow

About This Home

As of July 2016

A development opportunity in red-hot Echo Park. Zoned LAC2, it is currently a one bedroom, one bathroom cottage, well located on a coveted street known for its striking views of Downtown LA. Ideal for a home developer and/or an owner-user. The area is active with residential and commercial development including recently-refurbished buildings that are adjacent to the subject property. There is a nearby park and trendy businesses including Winsome, Eightfold Coffee and Guisados among other offerings in this desirable section of LA's Eastside, mere minutes from Downtown LA.

Last Agent to Sell the Property

Tracy Do

Coldwell Banker Realty License #01350025 Listed on: 06/10/2016

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1921

Lot Details

  • 4,868 Sq Ft Lot
  • Property is zoned LAC2

Parking

  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 590 Sq Ft Home
  • 1-Story Property
  • City Lights Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 5406-016-005

Home Details

Home Type

Single Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 590
  • Stories: 1
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 1008.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway

Lot Info

  • Assessor Parcel Number: 5406-016-005
  • Geocode Override: No
  • Lot Size Area: 4868

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2019
Sold by
Ktt Investments Llc
Bought by
Aljb Acquisitions Llc
Current Estimated Value
$1,610,425

Purchase Details

Listed on
Jun 10, 2016
Closed on
Jun 24, 2016
Sold by
Everett Investment Properties Llc
Bought by
Ktt Investments Llc
Seller's Agent
Tracy Do
Coldwell Banker Realty
List Price
$595,000
Sold Price
$625,100
Premium/Discount to List
$30,100
5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%

Purchase Details

Closed on
Mar 24, 2016
Sold by
Auletta Robert
Bought by
Everett Investment Properties Llc

Purchase Details

Closed on
Sep 6, 2011
Sold by
Chavez William and William R Chavez Family Trust
Bought by
Chavez William R and Gonzales Manuel

Purchase Details

Closed on
Jul 28, 2009
Sold by
Chavez William
Bought by
Chavez William R and William R Chavez Family Trust

Purchase Details

Closed on
Apr 14, 2009
Sold by
Chavez William and Estelle D Chavez Family Trust
Bought by
Chavez William
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Aljb Acquisitions Llc $290,500 Lawyers Title Company
Ktt Investments Llc $625,500 Equity Title
Everett Investment Properties Llc $500,000 Equity Title
Chavez William R -- None Available
Chavez William R -- None Available
Chavez William -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2016 07/06/16 Sold $625,100 +5.1% $1,059 / Sq Ft
06/21/2016 06/21/16 Pending -- -- --
06/10/2016 06/10/16 For Sale $595,000 -- $1,008 / 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 $21,356 $1,795,200 $1,428,000 $367,200
2024 $21,356 $1,760,000 $1,400,000 $360,000
2023 $8,648 $700,872 $700,872 $0
2022 $8,245 $687,130 $687,130 $0
2021 $8,149 $673,657 $673,657 $0
2019 $40 $650,354 $650,354 $0
2018 $7,789 $637,602 $637,602 $0
2016 $5,942 $486,000 $365,000 $121,000
2015 $488 $28,304 $22,210 $6,094
2014 $499 $27,750 $21,775 $5,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-133736

The MLS

APN: 5406-016-005