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1626 Echo Park Ave, Los Angeles, CA 90026
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1626 Echo Park Ave Los Angeles, CA 90026

$1,300,000
  • 6 Beds
  • 3 Baths
  • 3,163 Sq.Ft.
For Sale
$1,300,000 Get Pre-Qualified
Map preview of 1626 Echo Park Ave, Los Angeles, CA 90026

Property Overview: 1626 Echo Park Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 3,163 living square feet and 5,410 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: This well maintained triplex in the middle of Echo Park is listed for the first time in 20 years. The property has a fenced off driveway. One unit is accessible from the street, with the other two units having access from inside the gated driveway. The property is perfect for an everyday investor or an owner/user, with one unit being delivered vacant. The property is only a couple minute drive to Dodger Stadium and within walking distance to restaurants and stores in the area.

Listed by Elliot Hassan | BRE #01481211 | NorthMarq Realty Services, Inc.
Last checked: 15 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
5,410
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24438277
City
Los Angeles
County
Los Angeles
Time on Site
8 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,830
  • Total Rent: $8,489
  • Pro Forma/Market Rent: $10,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.76
  • Gross Scheduled Income: --
  • Net Operating Income: $73,168
  • Gross Operating Income: $98,303
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1626 Echo Park Ave

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Property Details for 1626 Echo Park Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 3
  • Parcel Number: 5420028017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1626 Echo Park Avenue rests in the Southern most part of Elysian Valley, an upcoming pocket of Los Angeles. Its unique location pinched in-between some of Los Angeles' biggest freeways provides a swift entry to Downtown Los Angeles, making it a sought-after destination for professionals and businesses alike.
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Local Los Angeles Agent

Sale History for 1626 Echo Park Ave

Last sold for $575,000 on June 1st, 2004

  • September, 2024

  • Sep 11, 2024

    Date

    Active

    CRMLS: 24438277

    $1,300,000

    Price

  • June, 2004

  • Jun 1, 2004

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

  • June, 2002

  • Jun 20, 2002

    Date

    Sold (Public Records)

    Public Records

    $294,000

    Price

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Tax History for 1626 Echo Park Ave

Assessed Value (2020): $736,569
Year Land Value Improved Value Assessed Value
2020 $552,513 $184,056 $736,569

Home Value Compared to the Market

This property vs the competition

1626 Echo Park Ave is listed 8.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $411 per/sqft which puts the price per square foot 46.48% lower than the median price per square foot for the city of Los Angeles.

About 1626 Echo Park Ave

Detailed summary of property

1626 Echo Park Ave is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 3,163 living square feet, and sits on an approximately 5,410 square foot lot. 1626 Echo Park Ave was first listed on ArdentRealEstateGroup.com on September 11, 2024. The homeowner is currently asking $1,300,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.33% higher than the median priced home. Local competing homes currently for sale include 1920 Kent St, 1309 N Coronado St and 606 N Bonnie Brae St. While the average home in Los Angeles, CA is selling in 106 days, 1626 Echo Park Ave has a days on market of 8 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1626 Echo Park 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 1626 Echo Park Ave

Public county record property details
Beds
6
Baths
3
Year built
1938
Sq. Ft.
3,163
Lot Size
5,407
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
5420-028-017

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
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), 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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