NOT LISTED FOR SALE

Estimated Value: $985,000 - $1,687,000

0.17 Acre
$8,086,500 Price per Acre
7,517 Sq Ft Lot

Last Sold May 22, 2017

Last sale price $900,000 $1,014 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $8,601/month

8 Days on Market

About This Lot

As of May 2017

974 Everett is perched on an Iconic Echo Park Street that overlooks the massive DTLA Skyline! This property provides the opportunity for small lot or multifamily development! (buyer to verify) Currently in use as a single family home renting for $2,250/month, which gives the potential buyer income while the project is being entitled! Prime Location just north of Sunset Blvd & just west of downtown, surrounded by local hot spots as well as recent and upcoming development projects, such as Rosey Jones and The Elysian! Echo Park is one of LA's most sought after neighborhoods and Everett St is ideally situated near long-standing staples such as Guisados, Sunset Beer and the new Winsome, plus new community amenities opening almost daily! Down the street are The Elysian apartments renting at an average of $4/SF and across Everett a similar property recently sold for $1,015,000 - making this property a great value! Also, easily accessible by public transportation and the 110 & 101 freeways.

Last Agent to Sell the Property

Dana Coronado

Compass License #01746702 Listed on: 01/04/2017

Compass

Co-Listed By

Robyn Bolden

Forward Inglewood, Inc. License #01941643

Last Buyer's Agent

Dana Coronado

Compass License #01746702 Listed on: 01/04/2017

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,668

Lot Details

  • 7,517 Sq Ft Lot
  • Property is zoned LAR3

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5406-017-034

Property Details

Property Type

Land

Est. Annual Taxes

$15,668

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: 974 Everett is perched on an Iconic Echo Park Street that overlooks the massive DTLA Skyline! This property provides the opportunity for small lot or multifamily development! (buyer to verify) Currently in use as a single family home renting for $2,250/month, giving the potential buyer income while the project is being entitled! Prime Location just north of Sunset Blvd, surrounded by local hot spots as well as recent and upcoming development projects, such as Rosey Jones and the Elysian! Echo Park is one of LA's most sought after neighborhoods and Everett St is ideally situated near long-standing staples such as Guisados, Sunset Beer and the new Winsome, plus new community amenities opening almost daily! Down the street is the Elysian apartments renting at an average of $4/SF and across Everett a similar property recently sold for $1,015,000 - making this property a great value! Also, easily accessible by public transportation and the 110 & 101 freeways.
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Any
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5406-017-034
  • Geocode Override: No
  • Lot Size Area: 7517

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2021
Sold by
Phillips Family Revocable Trust and Phillps Family Revocable Trust
Bought by
Lajoma Corporation
Current Estimated Value
$1,374,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,353,000
Outstanding Balance
$1,228,443
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$146,262

Purchase Details

Closed on
Feb 2, 2018
Sold by
Phillips Susan Skinner
Bought by
Phillips Susan Skinner and Phillips Family Revocable Trust

Purchase Details

Listed on
Jan 4, 2017
Closed on
Mar 24, 2017
Sold by
Rabino Mariano L
Bought by
Phillips Susan Skinner
Seller's Agent
Dana Coronado
Compass
Buyer's Agent
Dana Coronado
Compass
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$424,100
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2006
Sold by
Rabino Mariano
Bought by
Rabino Mariano L

Purchase Details

Closed on
Jan 25, 2005
Sold by
Artukovich Anthony Paul
Bought by
Artukovich Lucy

Purchase Details

Closed on
Jan 18, 2005
Sold by
Artukovich Lucy and Zaninovich Stella
Bought by
Rabino Mariano

Purchase Details

Closed on
Aug 16, 2004
Sold by
Artukovich Lucy and Zaninovich Stella
Bought by
Artukovich Lucy
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
Lajoma Corporation $1,235,000 North American Title
Phillips Susan Skinner -- None Available
Phillips Susan Skinner $900,000 Lawyers Title Company
Rabino Mariano L -- Transunion Title & Escrow Of
Artukovich Lucy -- North American Title Co
Zaninovich Stella -- North American Title Co
Rabino Mariano $360,000 North American Title Co
Artukovich Lucy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lajoma Corporation $1,353,000
Previous Owner Phillips Susan Skinner $424,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2017 05/22/17 Sold $900,000 +0.1% $1,014 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $899,000 -- $1,012 / 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 $15,668 $1,310,590 $1,048,473 $262,117
2024 $15,668 $1,284,893 $1,027,915 $256,978
2023 $15,362 $1,259,700 $1,007,760 $251,940
2022 $14,642 $1,235,000 $988,000 $247,000
2021 $11,582 $964,979 $771,984 $192,995
2019 $11,234 $936,360 $749,088 $187,272
2018 $11,181 $918,000 $734,400 $183,600
2016 $5,236 $423,889 $235,493 $188,396
2015 $5,161 $417,523 $231,956 $185,567
2014 $5,185 $409,345 $227,413 $181,932
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-189670

The MLS

APN: 5406-017-034