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1638 Echo Park Ave, Los Angeles, CA 90026
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1638 Echo Park Ave Los Angeles, CA 90026

$837,000 Sold Price as of 07/09/2021
  • 2 Beds
  • 2 Baths
  • 1,008 Sq.Ft.
Sold
$837,000 Sold Price as of 07/09/2021 Refinance Your Mortgage
Map preview of 1638 Echo Park Ave, Los Angeles, CA 90026

Property Overview: 1638 Echo Park Ave Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,008 living square feet and 1,014 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Location, location, location! Nestled in the heart of trendy Echo Park, this well-maintained, newly painted charming Craftsman duplex will be delivered with one vacant unit recently renovated with all new stainless steel appliances, quartz countertops, and Shaker style cabinets, new flooring, and new bath. Each unit has a dedicated parking spot and its own private outdoor space -the upper unit has a balcony with downtown city views and the lower an enclosed patio, perfect to enjoy a cup of joe or some wine, or BBQ with friends. Another bonus the property is on a private street with an electronic gate, or a keyed entry gate, as the only access. This duplex is ideal for the owner-user, or an investor who wants to collect the current rents ($2000-$2500 market rent for the renovated unit, and $1700 for the other), or renovate the top unit once the current tenants can be relocated. Located steps to the main thoroughfare of Echo Park and Morton Aves, you are minutes' drive to Dodger Stadium and downtown and a few minutes walk to Counterpart and Glowing Juices for a plant-based meal, acai bowl or refreshments, Valerie Confections to satisfy your sweet tooth and coffee fix, Cookshop for the most charming grocery store known to man, or to Elysian Park for a picnic or a walk. This gem will go fast!

Listed by Ken Shapiro | BRE #01715663 | Silverwood Properties
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
1,014
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21741886
City
Los Angeles
County
Los Angeles
Time on Site
1124 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.29
  • Gross Scheduled Income: --
  • Net Operating Income: $32,340
  • Gross Operating Income: $46,200
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 1638 Echo Park Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Tile, Laminate
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Parking Space
Property Information
  • Total # of Units: 2
  • Parcel Number: 5420028029
Location / Neighborhood
Location Information
  • Directions: See google maps
View more facts & features

Local Los Angeles Agent

Sale History for 1638 Echo Park Ave

Last sold for $837,000 on July 9th, 2021

  • July, 2021

  • Jul 12, 2021

    Date

    Sold

    CRMLS: 21741886

    $837,000

    Price

  • Jun 15, 2021

    Date

    Active Under Contract

    CRMLS: 21741886

    $799,000

    Price

  • Jun 2, 2021

    Date

    Active

    CRMLS: 21741886

    $799,000

    Price

  • August, 2005

  • Aug 2, 2005

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

  • August, 2005

  • Aug 2, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1638 Echo Park Ave

Assessed Value (2020): $468,576
Year Land Value Improved Value Assessed Value
2020 $312,387 $156,189 $468,576

Home Value Compared to the Market

This property vs the competition

1638 Echo Park Ave sold on July 9, 2021 for 29.29% lower 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 $792.66 per/sqft which puts the price per square foot 5.13% higher than the current median sale per square foot for the city of Los Angeles.

About 1638 Echo Park Ave

Detailed summary of property

1638 Echo Park Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 2 bedrooms, 2 bathrooms, roughly 1,008 living square feet, and sits on an approximately 1,014 square foot lot. 1638 Echo Park Ave was first listed on ArdentRealEstateGroup.com on June 2, 2021. The homeowner sold the property for $837,000. 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 29.29% lower than the current median priced home. Local homes that are currently for sale include 2620 Idell St, 2845 Estara and 210 Amabel St. While the average home in Los Angeles, CA is selling in 99 days, 1638 Echo Park Ave has a days on market of 13 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 1638 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 1638 Echo Park Ave

Public county record property details
Beds
2
Baths
2
Year built
1928
Sq. Ft.
1,008
Lot Size
1,012
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5420-028-029

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
$1,199,000
Median List Price/Sq.Ft.
$820
Median Sold Price
$1,540,000
Median Sold Price/Sq.Ft.
$1,098
Total Inventory
72
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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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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