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1859 Echo Park Ave, Los Angeles, CA 90026
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1859 Echo Park Ave Los Angeles, CA 90026

$1,525,000
  • 5 Beds
  • 5 Baths
  • 2,741 Sq.Ft.
For Sale
$1,525,000 Get Pre-Qualified
Map preview of 1859 Echo Park Ave, Los Angeles, CA 90026

Property Overview: 1859 Echo Park Ave Los Angeles, CA has 5 bedrooms, 5 bathrooms, 2,741 living square feet and 7,495 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: We are pleased to present a five (5) unit apartment building located at 1859 Echo Park Avenue in Los Angeles, California. The subject property is located in a prime Echo Park location, west of Park Drive and south of Baxter Street. Built in 1920, this property consists of a great unit mix of four(4) one-bedroom / one-bathroom units and one (1) one-bedroom/ one-bathroom and den unit. This asset has wonderful landscaping with spacious patios and lush curb appeal. The property offers ample privacy on a quiet street while also offering five (5) on-site parking spaces that have the potential to convert into multiple ADU Unit(s). The units are spread across three (3) detached buildings with two (2) single-family dwellings and one (1) triplex. This character, craftsman style property boasts an on-site laundry room for tenant convenience. Residents will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Canyon Coffee, Modo Yoga LA, Elysian Park, Dodger Stadium, and Echo Park Lake. Minutes away from the -101 and -5 freeways, this location provides its tenants quick and easy access to major employment hubs of Los Angeles. Positioned in a prime Echo Park location, this offering presents an exceptional opportunity for an investor to capitalize on a character, craftsman-style asset with tremendous upside.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: June 14th, 2024 | Source CRMLS | DOM: 7
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Home details

Lot Sq. Ft
7,495
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24402992
City
Los Angeles
County
Los Angeles
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,522
  • Total Rent: $1,522
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,497
  • Total Rent: $1,497
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.4%
  • Gross Rent Multiplier: 12.78
  • Gross Scheduled Income: --
  • Net Operating Income: $82,329
  • Gross Operating Income: $120,409
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1859 Echo Park Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Outside
Room Information
  • Flooring: Wood
  • Den
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Parking Space, Unassigned, Uncovered
Lot Information
  • Lot Features: Front Yard, Lawn, Landscaped, Back Yard, Yard
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 5
  • Parcel Number: 5420023005
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is located in a prime Echo Park location, west of Park Drive and south of Baxter Street.
View more facts & features

Local Los Angeles Agent

Sale History for 1859 Echo Park Ave

Last leased for $2,295 on February 20th, 2020

  • June, 2024

  • Jun 11, 2024

    Date

    Active

    CRMLS: 24402992

    $1,525,000

    Price

  • February, 2020

  • Feb 20, 2020

    Date

    Leased

    CRMLS: 20554336

    $2,295

    Price

  • Feb 20, 2020

    Date

    Active

    CRMLS: 20554336

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Charming independent bungalow in the heart of Echo Park! This lovely, lavender home begins with lush foliage surrounding your porch. Enter into the light and bright living room and kitchenette, complete with gas stove and dishwasher. Newly remodeled bathroom with gorgeous floor to ceiling glass shower. Beautiful hardwood floors throughout. Bedroom features walk-in closet and opens directly out to your adorable private patio! This peaceful home is a quiet oasis located just minutes from Elysian Park Trail, natural grocery stores, and yoga studios. 1 parking space included.

  • February, 2020

  • Feb 6, 2020

    Date

    Leased

    CRMLS: 20550708

    $2,400

    Price

  • Feb 5, 2020

    Date

    Active

    CRMLS: 20550708

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Charming bungalow-style unit in the beating heart of Echo Park! This lovely home features wood floors throughout, light and bright living room with faux fireplace and built in shelves for your books and art. Beautiful remodeled bathroom and kitchen. Enjoy your morning avocado toast from your own avocado tree while sitting on the sun-filled porch! The bedroom and closet are SMALL, but the charm makes up for it! This colorful abode is a special property with lush foliage in your gated yard. 1 parking space included.

  • February, 2020

  • Feb 4, 2020

    Date

    Canceled

    CRMLS: 20550624

    $2,400

    Price

  • Feb 4, 2020

    Date

    Active

    CRMLS: 20550624

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Charming bungalow-style unit in Echo Park.

  • February, 2020

  • Feb 2, 2020

    Date

    Expired

    CRMLS: 19507036

    $1,550,000

    Price

  • Oct 15, 2019

    Date

    Withdrawn

    CRMLS: 19507036

    $1,550,000

    Price

  • Sep 4, 2019

    Date

    Active

    CRMLS: 19507036

    $1,550,000

    Price

  • Listing provided courtesy of CRMLS

    1859 Echo Park Avenue is a charming 1920's apartment community located in Echo Park (90026), one of the most dynamic Los Angeles neighborhoods. This magical property is a dream come true for renters that are drawn to the charm and youthful feel of LA's "Eastside." The property consists of five one-bedroom and one-bathroom units. There are three buildings on the lot. The front building has three units. Behind it are two charming bungalows, with a unit apiece. The entire property is protected by tall, protective fences, offering enhanced privacy. There are four parking spaces in the rear. There are currently TWO VACANCIES, one in the front building and one of the stand-alone bungalows. In all, the property's square footage is 2,741 square feet on a 7,493 square foot lot. Immediately across the street are popular Yoga and Pilates studios as well as a salon. And just a few blocks west is the ever-popular bakery Valerie, Counterpart Deli, Cookbook and much more.

  • June, 2019

  • Jun 24, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2019

  • Jun 24, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2019

  • Feb 19, 2019

    Date

    Canceled

    CRMLS: 19425970

    $1,299,000

    Price

  • Jan 22, 2019

    Date

    Active

    CRMLS: 19425970

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

    This charming five residence property provides the opportunity to purchase in the trendy and desirable rental area of Echo Park. The three buildings are situated on a 7,492-square-foot lot with a tri-plex in the front and two cottage-style buildings towards the rear of the lot. Each residence is one bedroom with one bathroom, nicely maintained, and include a backyard with lush landscaping. Two of the five residences will be delivered vacant.

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Tax History for 1859 Echo Park Ave

Assessed Value (2020): $905,191
Year Land Value Improved Value Assessed Value
2020 $578,389 $326,802 $905,191

Home Value Compared to the Market

This property vs the competition

1859 Echo Park Ave is listed 22% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $556.37 per/sqft which puts the price per square foot 28.67% lower than the median price per square foot for the city of Los Angeles.

About 1859 Echo Park Ave

Detailed summary of property

1859 Echo Park Ave is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 5 bedrooms, 5 bathrooms, roughly 2,741 living square feet, and sits on an approximately 7,495 square foot lot. 1859 Echo Park Ave was first listed on ArdentRealEstateGroup.com on June 11, 2024. The homeowner is currently asking $1,525,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 22% higher than the median priced home. Local competing homes currently for sale include 1932 Park Ave, 2334 Silver Ridge Ave and 795 E Kensington Rd. While the average home in Los Angeles, CA is selling in 98 days, 1859 Echo Park Ave has a days on market of 7 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. For more information on this home for sale at 1859 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 1859 Echo Park Ave

Public county record property details
Beds
8
Baths
5
Year built
1920
Sq. Ft.
2,741
Lot Size
7,493
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
105
APN
5420-023-005

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
$1,299,000
Median List Price/Sq.Ft.
$820
Median Sold Price
$1,540,000
Median Sold Price/Sq.Ft.
$1,098
Total Inventory
82
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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