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1645 Lucretia Ave, Los Angeles, CA 90026
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1645 Lucretia Ave Los Angeles, CA 90026

$1,520,500 Sold Price as of 04/24/2019
  • 7 Beds
  • 5 Baths
  • 3,070 Sq.Ft.
Sold
$1,520,500 Sold Price as of 04/24/2019 Refinance Your Mortgage
Map preview of 1645 Lucretia Ave, Los Angeles, CA 90026

Property Overview: 1645 Lucretia Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 3,070 living square feet and 6,487 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Don't miss this rare opportunity, 4 unique units, Prime Echo Park all w/ private outdoor space. This property features a spacious 4b2b Craftsman Home, original wood floors & charming built-ins along w/ modern amenities like laundry room and master suite. Relaxing front porch, quiet private patio, & 2 car garage portend owner-user potential, but will also command top rents for an investor. Back duplex has charming 2b1b lower & 1b1b upper w/ sunroom & nice views. Private stand-alone studio has quiet patio, full kitchen & separate living area. Just the right distance from the hustle & energy of iconic Sunset Boulevard, its artisan eateries, local clothiers, gourmet grocers, vinyl-spinning bars, & storied live music venues. Head down to Echo Park Lake and take advantage of the exercise path, green spaces, or get adventurous and take a paddleboat out on the water. All this local flavor & close proximity to DTLA make Echo Park one of the most desirable neighborhoods in the entire country!

Listed by Joel Nass | BRE #01954931 | Clint Lukens Realty
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,487
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19429368
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,901
  • Total Rent: $1,901
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,390
  • Total Rent: $1,390
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,682
  • Total Rent: $1,682
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,512
  • Total Rent: $3,512
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: 14.68
  • Gross Scheduled Income: --
  • Net Operating Income: $72,995
  • Gross Operating Income: $98,785
  • Improvements Total: $334,226
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1645 Lucretia Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door
Property Information
  • Total # of Units: 4
  • Parcel Number: 5419007004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: Head North on Echo Park Ave from Sunset Blvd. Left on Lucretia. Property is on the right as you go around the bend.
View more facts & features

Local Los Angeles Agent

Sale History for 1645 Lucretia Ave

Last sold for $1,520,500 on April 24th, 2019

  • April, 2019

  • Apr 25, 2019

    Date

    Sold

    CRMLS: 19429368

    $1,520,500

    Price

  • Apr 6, 2019

    Date

    Pending

    CRMLS: 19429368

    $1,495,000

    Price

  • Feb 26, 2019

    Date

    Active Under Contract

    CRMLS: 19429368

    $1,495,000

    Price

  • Feb 1, 2019

    Date

    Active

    CRMLS: 19429368

    $1,495,000

    Price

  • April, 2019

  • Apr 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,520,500

    Price

  • December, 2018

  • Dec 12, 2018

    Date

    Expired

    CRMLS: 18389650

    $1,475,000

    Price

  • Oct 22, 2018

    Date

    Price Change

    CRMLS: 18389650

    $1,475,000

    Price

  • Oct 11, 2018

    Date

    Active

    CRMLS: 18389650

    $1,595,000

    Price

  • Oct 3, 2018

    Date

    Active Under Contract

    CRMLS: 18389650

    $1,595,000

    Price

  • Sep 27, 2018

    Date

    Active

    CRMLS: 18389650

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

    HUGE PRICE REDUCTION $120k - MOTIVATED SELLER - Don't miss this rare opportunity, 4 unique units, Prime Echo Park all w/ private outdoor space. This property features a spacious 4b2b Craftsman Home, original wood floors & charming built-ins along w/ modern amenities like laundry room and master suite. Relaxing front porch, quiet private patio, & 2 car garage portend owner-user potential, but will also command top rents for an investor. Back duplex has charming 2b1b lower & 1b1b upper w/ sunroom & nice views. Private stand-alone studio has quiet patio, full kitchen & separate living area. Just the right distance from the hustle & energy of iconic Sunset Boulevard, its artisan eateries, local clothiers, gourmet grocers, vinyl-spinning bars, & storied live music venues. All this local flavor & close proximity to DTLA make Echo Park one of the most desirable neighborhoods in the entire country!

  • October, 2012

  • Oct 11, 2012

    Date

    Sold (Public Records)

    Public Records

    $885,000

    Price

Show More

Tax History for 1645 Lucretia Ave

Assessed Value (2020): $1,550,910
Year Land Value Improved Value Assessed Value
2020 $530,910 $1,020,000 $1,550,910

Home Value Compared to the Market

This property vs the competition

1645 Lucretia Ave sold on April 24, 2019 for 17.35% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $486.97 per/sqft which puts the price per square foot 38.44% lower than the current median sale per square foot for the city of Los Angeles.

About 1645 Lucretia Ave

Detailed summary of property

1645 Lucretia Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 3,070 living square feet, and sits on an approximately 6,487 square foot lot. 1645 Lucretia Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,520,500. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 17.35% higher than the current median priced home. Local homes that are currently for sale include 1309 N Coronado St, 1341 Calumet Ave and 2334 Silver Ridge Ave. While the average home in Los Angeles, CA is selling in 100 days, 1645 Lucretia Ave has a days on market of 21 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1645 Lucretia 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 1645 Lucretia Ave

Public county record property details
Beds
7
Baths
5
Year built
1914
Sq. Ft.
3,070
Lot Size
6,486
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5419-007-004

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.
$832
Median Sold Price
$1,796,500
Median Sold Price/Sq.Ft.
$802
Total Inventory
69
Median Sale to List Price %
112.99%
Avg Days on Market
18
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

Thinking of Selling?

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(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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