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1922 Santa Ynez St, Los Angeles, CA 90026
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1922 Santa Ynez St Los Angeles, CA 90026

$1,125,000
  • 8 Beds
  • 3 Baths
  • 2,253 Sq.Ft.
For Sale
$1,125,000 Get Pre-Qualified
Map preview of 1922 Santa Ynez St, Los Angeles, CA 90026

Property Overview: 1922 Santa Ynez St Los Angeles, CA has 8 bedrooms, 3 bathrooms, 2,253 living square feet and 6,500 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: The CREM Group has been selected to exclusively market for sale 1922 Santa Ynez Street, situated just east of Alvarado Street in prime Echo Park. The offering consists of a well maintained three unit building with an attractive mix of two 3+1's and one 2+1, totaling 2,253 square feet. 1922 Santa Ynez Street is situated on a 6,500 square foot lot zoned RD2. The building itself is set back towards the rear of the parcel with a large parking lot in the front, creating an opportunity for the construction of one or two accessory dwelling units (previously, setbacks were reduced to four-foot side and rear yards, however, now if a proposed ADU is less than 800 sq. ft., the front setback requirement can no longer prevent an ADU from being constructed). Buyer to conduct its own investigation to verify ADU feasibility. Situated just two blocks south of Sunset Boulevard, the subject property is abshort distance to some of the neighborhoods most popular restaurants and bars, including Cosa Buona, Honey Hi, Masa, Mohawk Bend, and many more. Echo Park is a vibrant neighborhood highly sought after by young professionals and families. The area's desirability has resulted in steady rent growth and an increase in average home prices, indicating a strong potential for sustained local development and appreciation.

Listed by Mark Cianciulli | BRE #01990266 | The CREM Group
Last checked: 10 minutes ago | Last updated: May 17th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24390261
City
Los Angeles
County
Los Angeles
Time on Site
10 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,081
  • Total Rent: $2,081
  • Pro Forma/Market Rent: $2,081
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,804
  • Total Rent: $1,804
  • Pro Forma/Market Rent: $1,804
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,705
  • Pro Forma/Market Rent: $2,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.12%
  • Gross Rent Multiplier: 14.03
  • Gross Scheduled Income: --
  • Net Operating Income: $57,549
  • Gross Operating Income: $80,160
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $13,106
  • Gardener: $1,200
  • Insurance: $1,261
  • Maintenance: $2,253
  • Water/Sewer: $1,386
  • Other Expenses: $2,200

Open Houses for 1922 Santa Ynez St

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Property Details for 1922 Santa Ynez St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5404007002
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: See Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 1922 Santa Ynez St

Last sold for $340,000 on December 22nd, 2010

  • May, 2024

  • May 9, 2024

    Date

    Active

    CRMLS: 24390261

    $1,125,000

    Price

  • October, 2023

  • Oct 30, 2023

    Date

    Expired

    CRMLS: 23281705

    $1,250,000

    Price

  • Jun 16, 2023

    Date

    Active

    CRMLS: 23281705

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    The CREM Group has been selected to exclusively market for sale 1922 Santa Ynez Street, situated just east of Alvarado Street in prime Echo Park. The offering consists of a well maintained three unit building with an attractive mix of two 3+1's and one 2+1, totaling 2,253 square feet.1922 Santa Ynez Street is situated on a 6,500 square foot lot zoned RD2. The building itself is set back towards the rear of the parcel with a large parking lot in the front, creating an opportunity for the construction of one or two accessory dwelling units (previously, setbacks were reduced to four-foot side and rear yards, however, now if a proposed ADU is less than 800 sq. ft., the front setback requirement can no longer prevent an ADU from being constructed). Buyer to conduct its own investigation to verify ADU feasibility. Situated just two blocks south of Sunset Boulevard, the subject property is abshort distance to some of the neighborhoods most popular restaurants and bars, including Cosa Buona, Honey Hi, Masa, Mohawk Bend, and many more. Echo Park is a vibrant neighborhood highly sought after by young professionals and families. The area's desirability has resulted in steady rent growth and an increase in averagehome prices, indicating a strong potential for sustained local development and appreciation.

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: 21684862

    $1,250,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: 21684862

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent investment opportunity in a fantastic Echo Park location. This Triplex consists of two 3bed/1bath units and one 2bed/1bath + bonus room unit. Set back from the street with plenty of parking for each unit and more. Well maintained over the years. Foundation and sewer line have been updated. Close to Echo Park Lake, Silver Lake Reservoir, and all that Sunset Blvd. has to offer. Contact listing agent for more details. Drive By Only. Subject to inspection.

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: 20582088

    $1,250,000

    Price

  • Dec 31, 2020

    Date

    Withdrawn

    CRMLS: 20582088

    $1,250,000

    Price

  • May 27, 2020

    Date

    Active

    CRMLS: 20582088

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent investment opportunity in great Echo Park location. This Triplex consists of two 3bed/1bath units and one 2bed/1bath + bonus room unit. Set back from the street with plenty of parking for each unit and more. Well maintained over the years. Foundation and sewer line have been updated. Close to Echo Park Lake, Silver Lake Reservoir, and all that Sunset Blvd. has to offer. Contact listing agent for more details. Drive By Only. Subject to inspection.

  • December, 2010

  • Dec 22, 2010

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

  • April, 2010

  • Apr 14, 2010

    Date

    Sold (Public Records)

    Public Records

    $361,000

    Price

Show More

Tax History for 1922 Santa Ynez St

Assessed Value (2020): $398,291
Year Land Value Improved Value Assessed Value
2020 $278,807 $119,484 $398,291

Home Value Compared to the Market

This property vs the competition

1922 Santa Ynez St is listed 10% lower 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 $777 and this home is listed at $499.33 per/sqft which puts the price per square foot 35.74% lower than the median price per square foot for the city of Los Angeles.

About 1922 Santa Ynez St

Detailed summary of property

1922 Santa Ynez St is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 8 bedrooms, 3 bathrooms, roughly 2,253 living square feet, and sits on an approximately 6,500 square foot lot. 1922 Santa Ynez St was first listed on ArdentRealEstateGroup.com on May 9, 2024. The homeowner is currently asking $1,125,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10% lower than the median priced home. Local competing homes currently for sale include 406 N Rampart Blvd, 2305 W 2nd St and 235 Crandall St. While the average home in Los Angeles, CA is selling in 92 days, 1922 Santa Ynez St has a days on market of 10 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1922 Santa Ynez 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 1922 Santa Ynez St

Public county record property details
Beds
8
Baths
3
Year built
1905
Sq. Ft.
2,253
Lot Size
6,499
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
89
APN
5404-007-002

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
$1,300,000
Median List Price/Sq.Ft.
$766
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
73
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Los Angeles Agent
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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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