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1121 Laveta Terrace, Los Angeles, CA 90026
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1121 Laveta Terrace Los Angeles, CA 90026

$1,850,000 Sold Price as of 09/14/2023
  • 8 Beds
  • 8 Baths
  • 2,972 Sq.Ft.
Sold
$1,850,000 Sold Price as of 09/14/2023 Refinance Your Mortgage
Map preview of 1121 Laveta Terrace, Los Angeles, CA 90026

Property Overview: 1121 Laveta Terrace Los Angeles, CA has 8 bedrooms, 8 bathrooms, 2,972 living square feet and 9,108 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Spectacular compound in Echo Park one block from Sunset Blvd. Close to Downtown LA, Echo Park Lake, and Dodger stadium. Four separate structures on 9146 sqft lot. Main house has three bedrooms and three baths. Skylights through out the main house. Chef's kitchen with marble counters and large pantry. Master bedroom with spectacular bath and large walk-in closet. Beautiful outdoor patio with fire pit adjacent to main house for entertaining. Two one bedroom ADU/apartments, and a bonus art studio with complete kitchen and bath (approx 413 sqft.) Property is gated and fenced in for privacy and security. Cameras through out the property. Large parking area able to accommodate eight cars.

Listed by Heriberto Mora | BRE #01998241 | Keller Williams Downtown LA
Last checked: 9 seconds ago | Last updated: September 15th, 2023 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
9,108
HOA Dues
$0/mo
Year built
1958
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
23271353
City
Los Angeles
County
Los Angeles
Time on Site
348 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.35
  • Gross Scheduled Income: --
  • Net Operating Income: $109,440
  • Gross Operating Income: $136,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1121 Laveta Terrace

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric, Gas
Heating Information
  • Has Heating
  • Central, Natural Gas
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Exterior Features
Exterior Information
  • Other Structures: Guest House
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5404021026
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Sunset. East of Echo Park Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 1121 Laveta Terrace

Last sold for $1,850,000 on September 14th, 2023

  • September, 2023

  • Sep 14, 2023

    Date

    Sold

    CRMLS: 23271353

    $1,850,000

    Price

  • May 17, 2023

    Date

    Active

    CRMLS: 23271353

    $2,245,000

    Price

  • October, 2004

  • Oct 13, 2004

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

  • August, 2004

  • Aug 6, 2004

    Date

    Sold (Public Records)

    Public Records

    $443,000

    Price

Show More

Tax History for 1121 Laveta Terrace

Assessed Value (2020): $837,453
Year Land Value Improved Value Assessed Value
2020 $573,539 $263,914 $837,453

Home Value Compared to the Market

This property vs the competition

1121 Laveta Terrace sold on September 14, 2023 for 76.47% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $706.59 per/sqft which puts the price per square foot 6.41% lower than the current median sale per square foot for the city of Los Angeles.

About 1121 Laveta Terrace

Detailed summary of property

1121 Laveta Terrace is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 2,972 living square feet, and sits on an approximately 9,108 square foot lot. 1121 Laveta Terrace was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,850,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 76.47% higher than the current median priced home. Local homes that are currently for sale include 857 N La Fayette Park Pl, 229 S Westlake Ave and 155 S Alvarado St. While the average home in Los Angeles, CA is selling in 92 days, 1121 Laveta Terrace has a days on market of 58 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1121 Laveta Terrace Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1121 Laveta Terrace

Public county record property details
Beds
4
Baths
3
Year built
1958
Sq. Ft.
2,140
Lot Size
9,107
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
70,71
APN
5404-021-026

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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