1724 Clinton St, Los Angeles, CA 90026
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1724 Clinton St Los Angeles, CA 90026

$1,299,000
  • 5 Beds
  • 4 Baths
  • 2,432 Sq.Ft.
For Sale
$1,299,000 Get Pre-Qualified

Map preview of 1724 Clinton St, Los Angeles, CA 90026

Property Overview: 1724 Clinton St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,432 living square feet and 5,606 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: A Rare Gem in Echo Park - Exceptional Investment OpportunityDiscover the hidden potential of this residential income opportunity, nestled in the heart of Echo Park. This property offers an extraordinary opportunity for astute investors or those seeking to transform a classic structure into something truly remarkable. With ample space, it presents the perfect canvas for modern updates and creative enhancements.Each one of the income properties boasts generous interiors with flexible layouts, inviting the possibility of contemporary redesigns tailored to meet today's living standards. From original finishes, this building is primed for those with a vision to bring it to its fullest potential.The property features a quaint outdoor space, ideal for creating a charming garden oasis or a welcoming communal area for future residents to enjoy. With strategic improvements, there is immense potential to increase rental income and significantly boost property value.Located in one of Echo Park's most dynamic and evolving neighborhoods, this investment opportunity is as much about lifestyle as it is about financial growth. The area's eclectic culture, burgeoning dining scene, and proximity to downtown LA make this building a standout choice for those looking to capitalize on its superb location.Seize the chance to turn this diamond in the rough into a polished gem - the possibilities are endless.

Listed by Grace Lindgren | BRE #01379316 | Sotheby's International Realty
Last checked: 10 minutes ago | Last updated: September 30th, 2024 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
5,606
HOA Dues
$0/mo
Year built
1906
Garage
3 Car
Property Type:
Single Family Home
Status
Active
MLS#
V1-25982
City
Los Angeles
County
Los Angeles
Time on Site
2 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,436
  • Total Rent: $1,436
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $43,632
  • Net Operating Income: $6,600
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $3,600
  • Electric: $0
  • Trash: $2,400
  • Gardener: $1,800
  • Insurance: $3,000

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Property Details for 1724 Clinton St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Common Area
Fireplace Information
  • Has Fireplace
  • Gas
Room Information
  • Flooring: Carpet, Vinyl, Wood
  • All Bedrooms Up, All Bedrooms Down, Laundry, Kitchen, Entry, Converted Bedroom
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Tankless Water Heater, Range Hood, Gas Range
Interior Features
  • Beamed Ceilings, Balcony, High Ceilings, Coffered Ceiling(s)
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Window Bars, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Balcony
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Common Walls: No Common Walls
  • Parcel Number: 5404010007
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Foundation Details: Raised, Brick/Mortar
  • Property is not Attached
  • Property Condition: Fixer, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: East of Alvarado Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 1724 Clinton St

View property's historical transactions
  • September, 2024

  • Sep 30, 2024

    Date

    Active

    CRMLS: V1-25982

    $1,299,000

    Price

  • September, 2024

  • Sep 11, 2024

    Date

    Canceled

    CRMLS: 24425527

    $995,000

    Price

  • Aug 15, 2024

    Date

    Active

    CRMLS: 24425527

    $995,000

    Price

  • Listing provided courtesy of CRMLS

    Discover a unique investment opportunity in the heart of Echo Park! This 3-unit building is a diamond in the rough, offering a solid foundation and ample potential for those with a vision. Perfect for savvy investors, this property is ready for a creative transformation. Each of the three units offers generous space and a flexible layout, making them ideal for modern updates. The size and layout present a blank canvas for your personal touch. Whether you're looking to modernize interiors, enhance curb appeal, or explore potential upgrades, the possibilities are endless. The property includes a small outdoor area that could be transformed into a charming garden or communal space, enhancing the overall appeal for future tenants or residents. With the potential to increase rental income and property value through updates and improvements, this building represents a smart investment. Its location in a vibrant and evolving neighborhood further adds to its appeal.

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Tax History for 1724 Clinton St

Assessed Value (2020): $140,784
Year Land Value Improved Value Assessed Value
2020 $80,746 $60,038 $140,784

Home Value Compared to the Market

This property vs the competition

1724 Clinton St is listed 8.25% 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 $771 and this home is listed at $534.13 per/sqft which puts the price per square foot 30.72% lower than the median price per square foot for the city of Los Angeles.

About 1724 Clinton St

Detailed summary of property

1724 Clinton St is a single family home located in Los Angeles, CA 90026 and is currently for sale. This house offers 5 bedrooms, 4 bathrooms, roughly 2,432 living square feet, and sits on an approximately 5,606 square foot lot. 1724 Clinton St was first listed on ArdentRealEstateGroup.com on September 30, 2024. The homeowner is currently asking $1,299,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.25% higher than the median priced home. Local competing homes currently for sale include 2133 Branden St, 738 N Vendome St and 2168 Clifford St. While the average home in Los Angeles, CA is selling in 105 days, 1724 Clinton St has a days on market of 2 days. There are currently 4185 homes for sale in the Los Angeles real estate market and 2867 of them are single family homes while 1195 of them are condos and 116 are townhomes. For more information on this home for sale at 1724 Clinton 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 1724 Clinton St

Public county record property details
Beds
4
Baths
2
Year built
1906
Sq. Ft.
2,432
Lot Size
5,605
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
5-7
APN
5404-010-007

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
$1,250,000
Median List Price/Sq.Ft.
$822
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
81
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.