NOT LISTED FOR SALE

938 E Edgeware Rd Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $1,524,632 - $2,423,000

7 Beds
5 Baths
3,672 Sq Ft
$522/Sq Ft Est. Value

Last Sold January 19, 2014

Last sale price $975,000 $266 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $11,372/month

36 Days on Market

About This Home

As of January 2014

The property is situated on a quiet street within the Hill Section of Angelino Heights. Built in 1990, this is a rare opportunity to acquire a newer construction, non-rent controlled property in this area. The building is 3,672 square feet, and sits on a 5,584 square foot lot with alley access. Units are comprised of a mix of two 3-bedroom units and one 2-bedroom unit that are all beautifully renovated with Pergo floors, granite counter tops and more. They are individually metered for gas and electricity and each unit has its own water heater. On-site parking consists of six individual spaces with ample street parking available. Tenants enjoy onsite laundry facilities and a communal patio with an area for barbecues and furniture. The grounds are well maintained with mature landscaping and trees. This is a truly turn-key opportunity for the passive investor or an owner user looking to live in one of the oldest and most hip areas of town.

Last Agent to Sell the Property

Rick Gold

NAI Capital, Inc. License #00549936 Listed on: 09/19/2013

NAI Capital, Inc.

Last Buyer's Agent

Rick Gold

NAI Capital, Inc. License #00549936 Listed on: 09/19/2013

NAI Capital, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,512

Year Built

  • Built in 1990

Lot Details

  • 5,227 Sq Ft Lot

Interior Spaces

  • 3,672 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5405-020-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,512

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3672
  • Stories: 3
  • Year Built: 1990
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 269.61

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 6

Lot Info

  • Assessed Improvement Value: 277715
  • Assessed Land Value: 554877
  • Assessor Parcel Number: 5405-020-001
  • Geocode Override: No
  • Lot Size Area: 5227

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.41
  • Number Of Units: 3
  • Rent Control: 0
  • Total Annual Expense: 27003
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2013
Closed on
Jan 9, 2014
Sold by
Pedersen Norman A and Norman A Pedersen Trust
Bought by
Edgewater Properties Llc
Seller's Agent
Rick Gold
NAI Capital, Inc.
Buyer's Agent
Rick Gold
NAI Capital, Inc.
List Price
$990,000
Sold Price
$975,000
Premium/Discount to List
-$15,000
-1.52%
Current Estimated Value
$1,916,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$941,908
Avg. Annual Appreciation
5.92%
Original Mortgage
$682,500
Outstanding Balance
$487,975
Interest Rate
3.07%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,428,933

Purchase Details

Listed on
Sep 19, 2013
Closed on
Jan 7, 2014
Sold by
Spencer Jennifer and Saarinen Toni
Bought by
Pedersen Norman A and Norman A Pedersen Trust
Seller's Agent
Rick Gold
NAI Capital, Inc.
Buyer's Agent
Rick Gold
NAI Capital, Inc.
List Price
$990,000
Sold Price
$975,000
Premium/Discount to List
-$15,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Outstanding Balance
$487,975
Interest Rate
3.07%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,428,933

Purchase Details

Closed on
Nov 1, 2005
Sold by
Saarinen Toni
Bought by
Saarinen Toni and Toni Saarinen Family Trust

Purchase Details

Closed on
Oct 15, 2004
Sold by
Jorden Alex
Bought by
Saarinen Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,150
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2004
Sold by
Tsai Vera and V J P T Living Trust
Bought by
Saarinen Toni and Spencer Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,150
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Tsai Vera
Bought by
Tsai Vera and V J P T Living Trust

Purchase Details

Closed on
May 2, 2003
Sold by
Lisowski Andrew and Lisowski Mary Ann
Bought by
Tsai Vera

Purchase Details

Closed on
Dec 28, 1994
Sold by
Lisowski Andrew and Lisowski Mary Ann
Bought by
Lisowski Andrew and Lisowski Mary Ann
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Edgewater Properties Llc -- None Available
Pedersen Norman A -- None Available
Spencer Jennifer -- None Available
Saarinen Toni -- --
Saarinen Toni -- --
Saarinen Toni $750,500 Equity Title Company
Tsai Vera -- --
Tsai Vera $395,000 Equity Title
Lisowski Andrew -- Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedersen Norman A $682,500
Previous Owner Saarinen Toni $525,150
Closed Saarinen Toni $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2014 01/19/14 Sold $975,000 -1.5% $266 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
09/19/2013 09/19/13 For Sale $990,000 -- $270 / 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 $14,512 $1,195,207 $956,168 $239,039
2024 $14,512 $1,171,772 $937,420 $234,352
2023 $14,233 $1,148,797 $919,040 $229,757
2022 $13,573 $1,126,272 $901,020 $225,252
2021 $13,395 $1,104,189 $883,353 $220,836
2019 $12,995 $1,071,440 $857,153 $214,287
2018 $12,947 $1,050,433 $840,347 $210,086
2016 $12,358 $1,009,645 $807,716 $201,929
2015 $12,179 $994,480 $795,584 $198,896
2014 $10,744 $853,098 $568,543 $284,555
Source: Public Records

Agents Affiliated with this Home

  • Rick Gold

    Seller's Agent in 2014

    Rick Gold

    NAI Capital, Inc.

    (310) 806-6106

    1 Total Sale

    Rick Gold
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Map

Source: The MLS

MLS Number: 13-705927

The MLS

APN: 5405-020-001

California Los Angeles County Los Angeles 90026 Echo Park

938 E Edgeware Rd, Los Angeles, CA

This home is located at 938 E Edgeware Rd, Los Angeles, CA 90026 since 19 September 2013 and is currently estimated at $1,916,908, approximately $522 per square foot. This property was built in 1990. 938 E Edgeware Rd is a home located in Los Angeles County with nearby schools including Betty Plasencia Elementary School, Sal Castro Middle School, and Ramón C. Cortines School of Visual and Performing Arts.

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