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1525 Cortez St, Los Angeles, CA 90026
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1525 Cortez St Los Angeles, CA 90026

$960,000
  • 5 Beds
  • 3.5 Baths
  • 2,747 Sq.Ft.
For Sale
$960,000 Get Pre-Qualified
Map preview of 1525 Cortez St, Los Angeles, CA 90026

Property Overview: 1525 Cortez St Los Angeles, CA has 5 bedrooms, 3.5 bathrooms, 2,747 living square feet and 4,767 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Detached Duplex, and investment opportunity with lots of potential in prime location near Echo Park/Silverlake , minutes to historic Echo Park Lake, and adjacent to DTLA. Front Home is perched up stairs with city lights view and it is a craftsman, 2 bedroom 1 and 1/2 baths approximately 1,150sqft and, rear detached unit is 3 bedrooms, 2 baths, approximately 1,597 sqft. Both units are fixers and as such priced to sell. Fully leased with room for upside, with great paying tenants. Street parking only.

Listed by Melanie Guillen | BRE #01322895 | Lee & Associates Los Angeles
Last checked: 1 minute ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 106
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Home details

Lot Sq. Ft
4,767
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Duplex
Status
Active
MLS#
DW23222078
City
Los Angeles
County
Los Angeles
Time on Site
106 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,430
  • Total Rent: $1,430
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $1,622
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $36,628
  • Net Operating Income: $35,539
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,089
  • Licenses: $213
  • Trash: $0
  • Insurance: $875

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Property Details for 1525 Cortez St

Interior Features
Laundry Information
  • Has Laundry
  • In Kitchen
Room Information
  • Flooring: Laminate, Tile
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5160002012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets Temple and Cortez
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1525 Cortez St

View property's historical transactions

  • January, 2024

  • Jan 16, 2024

    Date

    Active

    CRMLS: DW23222078

    $960,000

    Price

Tax History for 1525 Cortez St

Assessed Value (2020): $148,549
Year Land Value Improved Value Assessed Value
2020 $126,283 $22,266 $148,549

Home Value Compared to the Market

This property vs the competition

1525 Cortez St is listed 21.63% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $349.47 per/sqft which puts the price per square foot 54.85% lower than the median price per square foot for the city of Los Angeles.

About 1525 Cortez St

Detailed summary of property

1525 Cortez St is a duplex located in Los Angeles, CA 90026 and is currently for sale. This duplex offers 5 bedrooms, 3.5 bathrooms, roughly 2,747 living square feet, and sits on an approximately 4,767 square foot lot. 1525 Cortez St was first listed on ArdentRealEstateGroup.com on January 17, 2024. The homeowner is currently asking $960,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.63% lower than the median priced home. Local competing homes currently for sale include 406 N Rampart Blvd, 2713 Darwin Ave and 1137 S Union Ave. While the average home in Los Angeles, CA is selling in 96 days, 1525 Cortez St has a days on market of 106 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1525 Cortez 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 1525 Cortez St

Public county record property details
Beds
3
Baths
2
Year built
1914
Sq. Ft.
1,597
Lot Size
4,765
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2-3,15
APN
5160-002-012

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.
$808
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
55
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%)

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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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