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1721 Morton Ave, Los Angeles, CA 90026
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1721 Morton Ave Los Angeles, CA 90026

$1,000,000
  • 3 Beds
  • 3 Baths
  • 1,844 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified
Map preview of 1721 Morton Ave, Los Angeles, CA 90026

Property Overview: 1721 Morton Ave Los Angeles, CA has 3 bedrooms, 3 bathrooms, 1,844 living square feet and 2,263 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: Triplex located adjacent to Elysian Park offering a unique life style opportunity for an owner user. Located at the corner of Morton Avenue and Morton Pl. is walking distance to community coffee shops and eateries. A fifteen to 20 minute walk to Echo Park Lake. Close to all yet tucked away on a quite street.

Listed by Dan Morales | BRE #00526543 | Eastside Properties
Last checked: 8 minutes ago | Last updated: June 7th, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
2,263
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Triplex
Status
Active
MLS#
TR24115765
City
Los Angeles
County
Los Angeles
Time on Site
24 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $450
  • Total Rent: $450
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $650
  • Total Rent: $650
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $22,200
  • Net Operating Income: $14,200
  • Gross Operating Income: --
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $8,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,000
  • Insurance: $2,000
  • Water/Sewer: $2,000

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Property Details for 1721 Morton Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5420026008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Off Echo Park Avenue
Neighborhood Information
  • Community Features: Biking, Dog Park, Fishing, Hiking, Park
View more facts & features

Local Los Angeles Agent

Sale History for 1721 Morton Ave

Last sold for $645,000 on July 16th, 2021

  • June, 2024

  • Jun 6, 2024

    Date

    Active

    CRMLS: TR24115765

    $1,000,000

    Price

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: TR22154337

    $900,000

    Price

  • Jul 13, 2022

    Date

    Active

    CRMLS: TR22154337

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex in close proximity to local food and coffee vendors. Adjacent to Elysian Park and Echo Park. One bedroom unit can be delivered vacant. Upside for the right buyer on a long term hold. Corner property.

  • April, 2022

  • Apr 8, 2022

    Date

    Active

    CRMLS: TR22013468

    $909,000

    Price

  • Apr 8, 2022

    Date

    Price Change

    CRMLS: TR22013468

    $909,000

    Price

  • Apr 5, 2022

    Date

    Withdrawn

    CRMLS: TR22013468

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex in close proximity to local food and coffee vendors. Adjacent to Elysian Park and Echo Park. One bedroom unit can be delivered vacant. Upside for the right buyer on a long term hold. Corner property.

  • July, 2021

  • Jul 16, 2021

    Date

    Sold

    CRMLS: TR21026381

    $645,000

    Price

  • Jul 12, 2021

    Date

    Pending

    CRMLS: TR21026381

    $699,000

    Price

  • Jul 5, 2021

    Date

    Sold

    CRMLS: TR21026381

    $645,000

    Price

  • Feb 11, 2021

    Date

    Pending

    CRMLS: TR21026381

    $699,000

    Price

  • Feb 8, 2021

    Date

    Active

    CRMLS: TR21026381

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Location says it all. 1721 N. Morton Avenue is a triplex consisting of a 2brm, 1brm, and a Studio. Walking distance to Elysian Park, Dodger Stadium and Echo Park. Tree lined street. Coffee Shops and other personal services are just minuets away by foot. Adjacent to Elysian Park this property is surrounded by nature, skunks, racoons, and coyotes come with the territory. Ideal for investor or owner user.

  • November, 2020

  • Nov 24, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2020

  • Sep 17, 2020

    Date

    Expired

    CRMLS: PW20123989

    $1,049,900

    Price

  • Sep 4, 2020

    Date

    Withdrawn

    CRMLS: PW20123989

    $1,049,900

    Price

  • Aug 8, 2020

    Date

    Price Change

    CRMLS: PW20123989

    $1,049,900

    Price

  • Jun 26, 2020

    Date

    Active

    CRMLS: PW20123989

    $1,099,900

    Price

  • Listing provided courtesy of CRMLS

    PRICE DROP $50k!!!! Amazing Value Add Opportunity! 2 blocks from Elysian Park! A Single Family Residence Plus a Triplex Rental Property!!! Why build an an ADU? This opportunity already has 2 separate buildings! Possible owner carry of up to $200,000!! Unique opportunity as this property has investment potential or house-hacking/primary residence plays. Single Family Residence has extensive modern upgrades, stainless steel appliances and sink, subway tiles, sleek fans, Air Conditioner! Separately metered for Electricity and Gas. 3 Garages and a large driveway! Both buildings have new roofs. Realistic pro-forma numbers put this property at 7% plus cap rate when upgrades are complete. Exceptional neighborhood for outdoor activities, walking to the local establishments and meeting your neighbors. *****Video Tour****** https://youtu.be/0pjEPUqX4YI DO NOT DISTURB OCCUPANTS APPOINTMENT ONLY DRIVE-BY ONLY Information presented is deemed reliable and accurate, but not guaranteed. Agents and buyers are responsible to conduct their own due diligence.

  • March, 2020

  • Mar 31, 2020

    Date

    Canceled

    CRMLS: 19534306

    $699,000

    Price

  • Feb 20, 2020

    Date

    Active Under Contract

    CRMLS: 19534306

    $699,000

    Price

  • Jan 28, 2020

    Date

    Active

    CRMLS: 19534306

    $699,000

    Price

  • Jan 23, 2020

    Date

    Active Under Contract

    CRMLS: 19534306

    $699,000

    Price

  • Dec 11, 2019

    Date

    Active

    CRMLS: 19534306

    $699,000

    Price

  • Dec 9, 2019

    Date

    Hold

    CRMLS: 19534306

    $699,000

    Price

  • Dec 5, 2019

    Date

    Active

    CRMLS: 19534306

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    1721 Morton Ave. is a three unit building. Incredible location near Echo Park Ave., North of Sunset perched uphill with treetop views. To the East you are within walking distance to Elysian Park Hiking Trail and a stones throw from Dodger Stadium. Going South you are in the heart of Echo Park near Lassen's and Echo Park Lake. 1721 Morton includes one jack and jill style two bedroom, a one bedroom one bath and a Studio unit. The properties have newer roofs. Separately metered for gas and electricity with separate hot water heaters. There is ample parking for the property. 1721 has tremendous rental upside! Excellent opportunity!

  • January, 2019

  • Jan 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $830,000

    Price

  • November, 2018

  • Nov 1, 2018

    Date

    Expired

    CRMLS: 18306998

    $999,000

    Price

  • Oct 31, 2018

    Date

    Withdrawn

    CRMLS: 18306998

    $999,000

    Price

  • Aug 1, 2018

    Date

    Active Under Contract

    CRMLS: 18306998

    $999,000

    Price

  • Jan 26, 2018

    Date

    Active

    CRMLS: 18306998

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    Four-plex in highly desirable Echo Park neighborhood. Big upside opportunity in rents.

  • December, 2017

  • Dec 16, 2017

    Date

    Expired

    CRMLS: P0-817002766

    $1,059,000

    Price

  • Nov 15, 2017

    Date

    Active

    CRMLS: P0-817002766

    $1,059,000

    Price

  • Nov 14, 2017

    Date

    Expired

    CRMLS: P0-817002766

    $1,059,000

    Price

  • Nov 14, 2017

    Date

    Active

    CRMLS: P0-817002766

    $1,059,000

    Price

  • Nov 14, 2017

    Date

    Expired

    CRMLS: P0-817002766

    $1,059,000

    Price

  • Nov 14, 2017

    Date

    Active

    CRMLS: P0-817002766

    $1,059,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2017

  • Nov 1, 2017

    Date

    Expired

    CRMLS: P0-817001055

    $699,000

    Price

  • Sep 28, 2017

    Date

    Price Change

    CRMLS: P0-817001055

    $699,000

    Price

  • Jul 29, 2017

    Date

    Active

    CRMLS: P0-817001055

    $749,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 2017

  • Jul 8, 2017

    Date

    Expired

    CRMLS: 15905511

    $830,000

    Price

  • Jul 8, 2017

    Date

    Withdrawn

    CRMLS: 15905511

    $830,000

    Price

  • May 18, 2015

    Date

    Price Change

    CRMLS: 15905511

    $830,000

    Price

  • May 15, 2015

    Date

    Price Change

    CRMLS: 15905511

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    Great Property.

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Tax History for 1721 Morton Ave

Assessed Value (2020): $591,600
Year Land Value Improved Value Assessed Value
2020 $306,000 $285,600 $591,600

Home Value Compared to the Market

This property vs the competition

1721 Morton Ave is listed 19.09% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $542.3 per/sqft which puts the price per square foot 30.03% lower than the median price per square foot for the city of Los Angeles.

About 1721 Morton Ave

Detailed summary of property

1721 Morton Ave is a triplex located in Los Angeles, CA 90026 and is currently for sale. This triplex offers 3 bedrooms, 3 bathrooms, roughly 1,844 living square feet, and sits on an approximately 2,263 square foot lot. 1721 Morton Ave was first listed on ArdentRealEstateGroup.com on June 6, 2024. The homeowner is currently asking $1,000,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.09% lower than the median priced home. Local competing homes currently for sale include 2679 Knox Ave, 313 N Westlake Ave and 3043 Berkeley Ave. While the average home in Los Angeles, CA is selling in 99 days, 1721 Morton Ave has a days on market of 25 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 1721 Morton 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 1721 Morton Ave

Public county record property details
Beds
3
Baths
3
Year built
1911
Sq. Ft.
1,844
Lot Size
2,262
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5420-026-008

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%)

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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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