Search
2429 Echo Park Ave, Los Angeles, CA 90026
View Photos

2429 Echo Park Ave Los Angeles, CA 90026

$1,288,000 Sold Price as of 01/20/2021
  • 5 Beds
  • 4 Baths
  • 3,496 Sq.Ft.
Sold
$1,288,000 Sold Price as of 01/20/2021 Refinance Your Mortgage
Map preview of 2429 Echo Park Ave, Los Angeles, CA 90026

Property Overview: 2429 Echo Park Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 3,496 living square feet and 6,749 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The seller just authorized me to dramatically reduce the price of this property so it can get sold right away. This price reduction now makes it so that, once one gets the large unit occupied (that will be between $5500 and $6000/mo) you will have $1600/mo cash flow immediately, and even more whenever the tenant in the one bedroom unit vacates. To have this kind of cash flow in a property that a) was thoroughly renovated inside and out only 10 years ago, and b) is in prime Echo Park, with spectacular views, is pretty much unobtainable in any upscale neighborhood in L.A. The large 2500 sq ft unit also has a full headroom 600 sq ft attic that has in the past served as a 5th bedroom. It also has its own balcony. Be the person who jumps on this opportunity before everyone else finds out about it!

Listed by Ken Shapiro | BRE #01715663 | Silverwood Properties
Last checked: 9 minutes ago | Last updated: March 29th, 2022 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
6,749
HOA Dues
$0/mo
Year built
1915
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
20661354
City
Los Angeles
County
Los Angeles
Time on Site
1339 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.08
  • Gross Scheduled Income: --
  • Net Operating Income: $59,640
  • Gross Operating Income: $85,200
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2429 Echo Park Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
  • Attic
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Garage - Single Door
Property Information
  • Has View
  • View: Mountain(s), Valley, Panoramic
  • Total # of Units: 2
  • Parcel Number: 5443012019
  • Architectural Style: See Remarks
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Best parking and access to house will be on Altivo. Map to 1615 Altivo Way 90026
View more facts & features

Local Los Angeles Agent

Sale History for 2429 Echo Park Ave

Last sold for $1,288,000 on January 20th, 2021

  • January, 2021

  • Jan 20, 2021

    Date

    Sold

    CRMLS: 20661854

    $1,288,000

    Price

  • Dec 23, 2020

    Date

    Active Under Contract

    CRMLS: 20661854

    $1,195,000

    Price

  • Dec 15, 2020

    Date

    Hold

    CRMLS: 20661854

    $1,195,000

    Price

  • Dec 9, 2020

    Date

    Price Change

    CRMLS: 20661854

    $1,195,000

    Price

  • Nov 19, 2020

    Date

    Active

    CRMLS: 20661854

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2021

  • Jan 20, 2021

    Date

    Sold

    CRMLS: 20661354

    $1,288,000

    Price

  • Dec 23, 2020

    Date

    Active Under Contract

    CRMLS: 20661354

    $1,195,000

    Price

  • Dec 15, 2020

    Date

    Hold

    CRMLS: 20661354

    $1,195,000

    Price

  • Dec 9, 2020

    Date

    Price Change

    CRMLS: 20661354

    $1,195,000

    Price

  • Nov 19, 2020

    Date

    Active

    CRMLS: 20661354

    $1,495,000

    Price

  • January, 2021

  • Jan 20, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,288,000

    Price

  • November, 2020

  • Nov 27, 2020

    Date

    Expired

    CRMLS: 20623964

    $1,495,000

    Price

  • Aug 31, 2020

    Date

    Withdrawn

    CRMLS: 20623964

    $1,495,000

    Price

  • Aug 26, 2020

    Date

    Active

    CRMLS: 20623964

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    This home represents the rarest of opportunities for a single family home in prime Echo Park. At 2500 sq ft, and having been fully renovated in 2007, it is priced very aggressively. The fact that it has an additional large guest unit that is currently renting for $1600 (could rent for as much as $2400) is a huge plus. Nestled in the hills of the Elysian Hts section of Echo Park, it has sweeping mountain views and is walking distance to 600 acre Elysian Park. In addition to the 4 bedrooms and 3 baths, it has a huge attic space with full headroom that can have all sorts of uses. Buyer to do own due diligence as far as relocating tenants during Corona Virus. Shown with accepted offer only.

  • November, 2020

  • Nov 18, 2020

    Date

    Expired

    CRMLS: 20620384

    $1,495,000

    Price

  • Sep 16, 2020

    Date

    Withdrawn

    CRMLS: 20620384

    $1,495,000

    Price

  • Aug 18, 2020

    Date

    Active

    CRMLS: 20620384

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    Question: where can you find a duplex for under $430/sq ft in prime Echo Park, that is in very good shape and has views? Answer: you can't... except, here it is, right in front of you! Both units were thoroughly and tastefully renovated 12 years ago when seller bought the property. Most of that renovations is still in tact. True, you do have tenants in both units paying under market. but conversations have been had with both and both are open to discussing vacating once Covid Moratorium is lifted (seller will not vacate - will have to be done by buyer.) The location is exquisite and the views are amazing, and the units are very charming inside. The larger unit even has bonus space in the attic that is currently operating as good-sized additional bedroom. In summary, this is an asset you most definitely want to have in your portfolio or, occupy one and rent the other. Showing with accepted offer only.

  • June, 2007

  • Jun 21, 2007

    Date

    Sold (Public Records)

    Public Records

    $275,000

    Price

Show More

Tax History for 2429 Echo Park Ave

Assessed Value (2020): $1,008,190
Year Land Value Improved Value Assessed Value
2020 $486,189 $522,001 $1,008,190

Home Value Compared to the Market

This property vs the competition

2429 Echo Park Ave sold on January 20, 2021 for 6.7% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $341.82 per/sqft which puts the price per square foot 52.79% lower than the current median sale per square foot for the city of Los Angeles.

About 2429 Echo Park Ave

Detailed summary of property

2429 Echo Park Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 3,496 living square feet, and sits on an approximately 6,749 square foot lot. 2429 Echo Park Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,288,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 6.7% higher than the current median priced home. Local homes that are currently for sale include 2206 W Avenue 30, 2214 W Avenue 30 and 3137 Atwater Ave. While the average home in Los Angeles, CA is selling in 106 days, 2429 Echo Park Ave has a days on market of 58 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2429 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 2429 Echo Park Ave

Public county record property details
Beds
4
Baths
2
Year built
1915
Sq. Ft.
3,496
Lot Size
6,748
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5443-012-019

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
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
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%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2429 Echo Park Ave

Nearby Homes for Sale

2160 Lake Shore Ave, Los Angeles, CA 90039
$1,425,000
5 Beds
2 Baths
2232 Sq.Ft.
2160 Lake Shore Ave
Los Angeles, CA 90039
1517 Baxter St, Los Angeles, CA 90026
$1,350,000
4 Beds
2 Baths
1648 Sq.Ft.
1517 Baxter St
Los Angeles, CA 90026
1920-1922 Mellon Ave, Los Angeles, CA 90039
$1,370,000
6 Beds
5 Baths
2734 Sq.Ft.
1920-1922 Mellon Ave
Los Angeles, CA 90039
2334 Silver Ridge Ave, Los Angeles, CA 90039
$1,349,000
6 Beds
4 Baths
2618 Sq.Ft.
2334 Silver Ridge Ave
Los Angeles, CA 90039
2751 Partridge Ave, Los Angeles, CA 90039
$1,499,000
7 Beds
17 Baths
3388 Sq.Ft.
2751 Partridge Ave
Los Angeles, CA 90039
1922 Lake Shore Ave, Los Angeles, CA 90039
$1,495,000
4 Beds
4 Baths
2302 Sq.Ft.
1922 Lake Shore Ave
Los Angeles, CA 90039
1804 Echo Park Ave, Los Angeles, CA 90026
$1,390,000
6 Beds
3 Baths
2319 Sq.Ft.
1804 Echo Park Ave
Los Angeles, CA 90026
1804 Echo Park Ave, Los Angeles, CA 90026
$1,310,000
9 Beds
7 Baths
2319 Sq.Ft.
1804 Echo Park Ave
Los Angeles, CA 90026
2241 Ewing St, Los Angeles, CA 90039
$1,499,000
8 Beds
4 Baths
3492 Sq.Ft.
2241 Ewing St
Los Angeles, CA 90039
1762 Glendale Blvd, Los Angeles, CA 90026
$1,350,000
3 Beds
3 Baths
1943 Sq.Ft.
1762 Glendale Blvd
Los Angeles, CA 90026
1626 Echo Park Ave, Los Angeles, CA 90026
$1,300,000
6 Beds
3 Baths
3163 Sq.Ft.
1626 Echo Park Ave
Los Angeles, CA 90026
2491 Ivan Hill, Los Angeles, CA 90039
$1,499,900
4 Beds
3 Baths
1760 Sq.Ft.
2491 Ivan Hill
Los Angeles, CA 90039

Recently Sold Homes Near 2429 Echo Park Ave

2436 Echo Park Ave, Los Angeles, CA 90026
$1,425,000 Last Sold Price
11 Beds
8 Baths
5354 Sq.Ft.
2436 Echo Park Ave
Los Angeles, CA 90026
1623-1 Landa St, Los Angeles, CA 90026
$1,030,000 Last Sold Price
2 Beds
2 Baths
-- Sq.Ft.
1623-1 Landa St
Los Angeles, CA 90026
1617 Landa St, Los Angeles, CA 90026
$935,000 Last Sold Price
2 Beds
2 Baths
-- Sq.Ft.
1617 Landa St
Los Angeles, CA 90026
2346 Echo Park Ave, Los Angeles, CA 90026
$1,760,000 Last Sold Price
3 Beds
3 Baths
2120 Sq.Ft.
2346 Echo Park Ave
Los Angeles, CA 90026

Related Resources to 2429 Echo Park Ave

New Listings in 90026
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote