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1506 Scott Ave, Los Angeles, CA 90026
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1506 Scott Ave Los Angeles, CA 90026

$1,725,000 Sold Price as of 04/24/2024
  • 6 Beds
  • 6 Baths
  • 2,652 Sq.Ft.
Sold
$1,725,000 Sold Price as of 04/24/2024 Refinance Your Mortgage
Map preview of 1506 Scott Ave, Los Angeles, CA 90026

Property Overview: 1506 Scott Ave Los Angeles, CA has 6 bedrooms, 6 bathrooms, 2,652 living square feet and 7,024 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attractive finance options with seller 1st Trust Deed carryback (minimum 35% down) offers ideal opportunity for owner occupancy. Charming, extensively renovated and nicely landscaped 6-unit property comprised of 3 individual duplexes in prime hills of Echo Park above Sunset Blvd between Echo Park Blvd and Elysian Park. Five of the one bedroom/one bathroom units have has been uniquely renovated, 5 of 6 having dedicated private yards. A short distance to everything Echo Park has to offer, including the Friday farmer's market, Lassen's, Cookbook Canyon Coffee, Bacetti Trattoria, and so much more. Property improvements include upgraded electric/gas meters, on-site laundry room, copper plumbing, newer roofs, and upgraded sewer line. The property is under the City of Los Angeles Rent Stabilization Ordinance. PLEASE DO NOT DISTURB TENANTS. PLEASE DO NOT LOOK THROUGH WINDOWS OR HEDGES.

Listed by Peter V Buonocore | BRE #01279107 | Keller Williams Larchmont
Co-listed by Lane Aronson | BRE #00681193 | Berkshire Hathaway HomeServices California Properties
Last checked: 2 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
7,024
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24355179
City
Los Angeles
County
Los Angeles
Time on Site
133 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,730
  • Total Rent: $1,730
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,768
  • Total Rent: $1,768
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $908
  • Total Rent: $908
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,658
  • Total Rent: $1,658
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 14.76
  • Gross Scheduled Income: --
  • Net Operating Income: $81,311
  • Gross Operating Income: $115,866
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1506 Scott Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 5419025020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: E. of Echo Park Blvd., N of Sunset at Laveta Terrace
View more facts & features

Local Los Angeles Agent

Sale History for 1506 Scott Ave

Last sold for $1,725,000 on April 24th, 2024

  • April, 2024

  • Apr 24, 2024

    Date

    Sold

    CRMLS: 24355179

    $1,725,000

    Price

  • Feb 5, 2024

    Date

    Active

    CRMLS: 24355179

    $1,750,000

    Price

  • February, 2024

  • Feb 5, 2024

    Date

    Canceled

    CRMLS: 23312441

    $1,750,000

    Price

  • Sep 18, 2023

    Date

    Active

    CRMLS: 23312441

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

    Attractive finance options with seller 1st Trust Deed carryback (minimum 35% down) offers Ideal opportunity for owner occupancy. Charming, extensively renovated and nicely landscaped 6-unit property comprised of 3 individual duplexes in the prime hills of Echo Park above Sunset Blvd between Echo Park Blvd and Elysian Park. Each one bedroom/one bathroom unit has been uniquely renovated, 5 of 6 having dedicated private yard space. A short distance to everything Echo Park has to offer, including the Friday farmer's market, Lassen's, Cookbook, Canyon Coffee, Bacetti Trattoria and the Elysian Park trails. Convenient to Echo Park Lake, Dodger Stadium and endless dining/nightlife options, close to major freeways and downtown, and so much more. Property improvements include upgraded electric/gas meters, on-site laundry room, copper plumbing, newer roofs, and upgraded sewer line. The property is under the City of Los Angeles Rent Stabilization Ordinance. PLEASE DO NOT DISTURB ANY OF THE TENANTS. DO NOT LOOK THROUGH THE WINDOWS OF THE UNITS OR THROUGH THE HEDGES. OFFERS WILL NOT BE CONSIDERED FROM ANYONE DISTURBING ANY OF THE TENANTS.

  • September, 2004

  • Sep 28, 2004

    Date

    Sold (Public Records)

    Public Records

    $599,000

    Price

  • March, 1999

  • Mar 9, 1999

    Date

    Sold (Public Records)

    Public Records

    $196,500

    Price

Show More

Tax History for 1506 Scott Ave

Assessed Value (2020): $763,449
Year Land Value Improved Value Assessed Value
2020 $382,362 $381,087 $763,449

Home Value Compared to the Market

This property vs the competition

1506 Scott Ave sold on April 24, 2024 for 54.87% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $659.88 per/sqft which puts the price per square foot 12.48% lower than the current median sale per square foot for the city of Los Angeles.

About 1506 Scott Ave

Detailed summary of property

1506 Scott Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 2,652 living square feet, and sits on an approximately 7,024 square foot lot. 1506 Scott Ave was first listed on ArdentRealEstateGroup.com on February 6, 2024. The homeowner sold the property for $1,725,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 54.87% higher than the current median priced home. Local homes that are currently for sale include 2626 Corralitas Dr, 160 Union Pl and 151 S Mountainview St. While the average home in Los Angeles, CA is selling in 98 days, 1506 Scott Ave has a days on market of 28 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. For more information on this home for sale at 1506 Scott Ave 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 1506 Scott Ave

Public county record property details
Beds
6
Baths
6
Year built
1922
Sq. Ft.
2,652
Lot Size
7,028
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
28
APN
5419-025-020

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
$1,299,000
Median List Price/Sq.Ft.
$820
Median Sold Price
$1,540,000
Median Sold Price/Sq.Ft.
$1,098
Total Inventory
82
Median Sale to List Price %
110.39%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 1506 Scott Ave

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Recently Sold Homes Near 1506 Scott Ave

1501 Scott Ave, Los Angeles, CA 90026
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1501 Scott Ave
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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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