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1400 Colton St, Los Angeles, CA 90026
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1400 Colton St Los Angeles, CA 90026

$1,297,318 Sold Price as of 09/15/2022
  • 4 Beds
  • 6 Baths
  • 3,062 Sq.Ft.
Sold
$1,297,318 Sold Price as of 09/15/2022 Refinance Your Mortgage
Map preview of 1400 Colton St, Los Angeles, CA 90026

Property Overview: 1400 Colton St Los Angeles, CA has 4 bedrooms, 6 bathrooms, 3,062 living square feet and 4,773 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The property consists of two buildings totaling 3,062 SF on a 4,773 SF lot zoned LACW. One building is 646 SF with a 1 bedroom and 1 bathroom unit. The second building is2,416 SF with three 1 bedroom and 1 bathroom units and two studio units. The units are individually metered for gas and electricity. Tenants pay for their own trash with rolling bins. There are 3 parking garages with alley access being used as storage with additional income of $345 a month (month to month leases non residents). A non conforming studio brings in an additional $990 per month including utilities. The property is conveniently located in Historic Filipinotown and Echo Park Adjacent. Within walking distance to the Echo Park Indoor Pool, new foodie cafe and restaurants on Glendale Blvd, Echo Park and Vista Hermosa Park. Situated just three miles northwest of Downtown LA, residents appreciate the small town feel and proximity to Downtown LA. A savvy investor with a value-add strategy will be able to take advantage of the neighborhoods steady rise in rental prices. Huge value-add opportunity as many of the rents are below market. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

Listed by Yitzy Davis | BRE #02075515 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 5 minutes ago | Last updated: September 16th, 2022 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
4,773
HOA Dues
$0/mo
Year built
1917
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22160213
City
Los Angeles
County
Los Angeles
Time on Site
728 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,308
  • Total Rent: $5,232
  • Pro Forma/Market Rent: $7,520
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $997
  • Total Rent: $1,994
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.4%
  • Gross Rent Multiplier: 17.9
  • Gross Scheduled Income: --
  • Net Operating Income: $52,188
  • Gross Operating Income: $86,688
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1400 Colton St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Three Door
Property Information
  • Total # of Units: 6
  • Parcel Number: 5160013015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: From Downtown Los Angeles Take US-101 North to Glendale Blvd exit 4A. Drive South on Glendale Blvd to Colton St take left. Property will be directly across the Echo Park Indoor Pool.
View more facts & features

Local Los Angeles Agent

Sale History for 1400 Colton St

Last sold for $1,297,318 on September 15th, 2022

  • September, 2022

  • Sep 15, 2022

    Date

    Sold

    CRMLS: 22160213

    $1,297,318

    Price

  • May 23, 2022

    Date

    Active

    CRMLS: 22160213

    $1,550,000

    Price

  • March, 2005

  • Mar 2, 2005

    Date

    Sold (Public Records)

    Public Records

    $485,000

    Price

  • March, 2004

  • Mar 24, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1400 Colton St

Assessed Value (2020): $765,081
Year Land Value Improved Value Assessed Value
2020 $509,817 $255,264 $765,081

Home Value Compared to the Market

This property vs the competition

1400 Colton St sold on September 15, 2022 for 10.92% 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 $431.09 per/sqft which puts the price per square foot 42.9% lower than the current median sale per square foot for the city of Los Angeles.

About 1400 Colton St

Detailed summary of property

1400 Colton St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 4 bedrooms, 6 bathrooms, roughly 3,062 living square feet, and sits on an approximately 4,773 square foot lot. 1400 Colton St was first listed on ArdentRealEstateGroup.com on May 23, 2022. The homeowner sold the property for $1,297,318. 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 10.92% higher than the current median priced home. Local homes that are currently for sale include 648 N Grand Ave, 2352 W 3rd St and 1309 N Coronado St. While the average home in Los Angeles, CA is selling in 92 days, 1400 Colton St has a days on market of 60 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 1400 Colton St 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 1400 Colton St

Public county record property details
Beds
6
Baths
7
Year built
1917
Sq. Ft.
3,062
Lot Size
4,773
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
5160-013-015

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.
$766
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
73
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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