NOT LISTED FOR SALE
8 Beds
20 Baths
11,172 Sq Ft
7,501 Sq Ft Lot

Sale Details

Date Sold: March 20, 2023

Last sale price $5,285,000 $473 Per Sq Ft

377 Days on Market

Highlights

  • Fireplace in Bathroom
  • Air Conditioning
  • Laundry Room

About This Home

As of March 2023

1922 Montrose Street is a repositioned 1920's vintage turn-key asset in Echo Park. The offering provides a totally reimagined 20-unit multifamily community in one of the strongest and sought-after rental markets in LA and is ideally located near the iconic Echo Park Lake and within walking distance of many neighborhood hot spots. Seventeen of the twenty units have been thoughtfully renovated and boast a modern, clean aesthetic while still maintaining the original charm that Echo Park is so famous for. Other recent significant upgrades include: 1) The installation of 22 dual-glazed windows throughout the property, 2) The addition of anchored sill plates, plywood added to cripple walls, and a seismically retrofitted foundation 3) 17 Mini-Split air conditioning systems added and 4) New electrical in 17 of the units and all sub-panels were replaced and updated. The 17 fully renovated units feature sleek Scandinavian designs elements, new doors, beautiful hardwood flooring, new cabinetry, new fixtures, bright white wall finishes, and new stainless-steel appliances. Best of all, Echo Park is on the radar of in-the-know prospective apartment investors and renters. 1922 Montrose Streets is a "Walker's Paradise and boasts an enviable Walk Score of 94. There are many stylish and trendy cafes, restaurants, and entertainment venues within walking distance.

Last Agent to Sell the Property

Nick Astrupgaard

KW Commercial Studio City License #01893466 Listed on: 03/08/2022

KW Commercial Studio City

Co-Listed By

Rich Johns

KW Commercial Studio City License #01432215

Last Buyer's Agent

Daniel Bahr

CORE Commercial Real Estate, Inc. License #01488504

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,501

Parking

  • On-Street Parking

Interior Spaces

  • 11,172 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 20 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • 7,501 Sq Ft Lot
  • Air Conditioning

Community Details

  • 20 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5404-004-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11172
  • Lot Acreage: 0.1722
  • Stories: 2
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Bath
  • Bedrooms: 8
  • Laundry: Inside, In Unit
  • Total Bathrooms: 20.00
  • Price Per S Q F T: 482.90

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Percent: 60.87
  • Assessed Improvement Value: 2207474
  • Assessed Land Percent: 39.13
  • Assessed Land Value: 1419091
  • Total Assessed Value: 3626565
  • Assessor Parcel Number: 5404-004-008
  • Lot Size Area: 7501

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.60
  • Number Of Units: 20
  • Type Of Units: Apartments

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Prior Sale
03/20/2023 03/20/23 Sold $5,285,000 -2.0% $473 / Sq Ft
12/12/2022 12/12/22 Price Changed $5,395,000 -5.3% $483 / Sq Ft
10/04/2022 10/04/22 Price Changed $5,695,000 -7.5% $510 / Sq Ft
05/03/2022 05/03/22 Price Changed $6,155,000 -3.0% $551 / Sq Ft
03/08/2022 03/08/22 For Sale $6,345,000 +83.9% $568 / Sq Ft
05/18/2018 05/18/18 Sold $3,450,000 +23.9% $309 / Sq Ft View Prior Sale
04/04/2018 04/04/18 Pending -- -- --
03/09/2018 03/09/18 Price Changed $2,785,100 +26.9% $249 / Sq Ft
01/22/2018 01/22/18 For Sale $2,195,000 -- $196 / 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
2026 $67,136 $5,608,484 $3,077,503 $2,530,981
2025 $67,136 $5,498,514 $3,017,160 $2,481,354
2024 $66,360 $5,390,700 $2,958,000 $2,432,700
2023 $46,942 $3,773,076 $1,476,421 $2,296,655
2022 $44,784 $3,699,095 $1,447,472 $2,251,623
2021 $44,206 $3,626,565 $1,419,091 $2,207,474
2019 $42,899 $3,521,560 $1,377,000 $2,144,560
2018 $3,534 $172,943 $32,073 $140,870
2016 $3,231 $163,770 $30,829 $132,941
2015 $3,203 $161,311 $30,366 $130,945
2014 $3,352 $158,152 $29,772 $128,380
Source: Public Records

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Map

Source: The MLS

MLS Number: 22-134443

The MLS
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