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2730 Council St, Los Angeles, CA 90026
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2730 Council St Los Angeles, CA 90026

$3,499,000
  • 13 Beds
  • 13 Baths
  • 5,168 Sq.Ft.
For Sale
$3,499,000 Get Pre-Qualified
Map preview of 2730 Council St, Los Angeles, CA 90026

Property Overview: 2730 Council St Los Angeles, CA has 13 bedrooms, 13 bathrooms, 5,168 living square feet and 4,807 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 the opportunity to acquire 2730 Council St. A multifamily building comprised of 4 units on a very quiet street and ideally located in the heart of Los Angeles, The property is located in Historic Filipinotown and only minutes away from Echo Park, Silverlake, Koreatown, Hollywood, Downtown, and within close proximity to various shops, restaurants, and entertainment districts. Beautifully designed with the highest standard of quality and craftsmanship. This modern property offers energy efficient building materials, stainless-steel appliances, and designer finishes. Completed in October 2023. Currently fully leased non-rent controlled fourplex with a cap rate of 5.07%. All units separately metered for gas, electricity, and water. Solar panels for all units to keep expenses low. Tenants pay all utilities. Total gross rents $17,300 per month.

Listed by PETER PABLICO | BRE #02130996 | Mancuso Properties III, Inc. D
Last checked: 12 minutes ago | Last updated: March 21st, 2024 | Source CRMLS | DOM: 41
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Home details

Lot Sq. Ft
4,807
HOA Dues
$0/mo
Year built
2023
Garage
1 Car
Property Type:
Fourplex
Status
Active
MLS#
WS24042174
City
Los Angeles
County
Los Angeles
Time on Site
49 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,200
  • Total Rent: $5,200
  • Pro Forma/Market Rent: $5,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,900
  • Total Rent: $4,900
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $5,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.07%
  • Gross Rent Multiplier: 16.85
  • Gross Scheduled Income: $207,600
  • Net Operating Income: $177,429
  • Gross Operating Income: $199,296
  • Vacancy Allowance: $8,304
  • Gross Spendable Income: $207,600
Annual Expense Breakdown
  • Total Operating Expense: $21,867
  • Electric: $0
  • New Taxes: $40,938
  • Trash: $0
  • Insurance: $2,067
  • Maintenance: $1,600
  • Water/Sewer: $0

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Property Details for 2730 Council St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
Kitchen Information
  • Has Appliances
  • Dishwasher, Free-Standing Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Line to Refrigerator
Interior Features
  • Balcony, Quartz Counters, Unfurnished
  • Levels: Three Or More
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire Sprinkler System, Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • 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: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5156021008
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: West of 101 freeway and East of Beverly Blvd.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2730 Council St

Last leased for $5,000 on December 15th, 2023

  • March, 2024

  • Mar 14, 2024

    Date

    Active

    CRMLS: WS24042174

    $3,499,000

    Price

  • December, 2023

  • Dec 15, 2023

    Date

    Leased

    CRMLS: WS23171175

    $5,000

    Price

  • Sep 22, 2023

    Date

    Active

    CRMLS: WS23171175

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    Newly constructed multi-unit property on a quiet street in beautiful Historic Filipinotown. Centrally located and minutes from Echo Park, Silverlake, Koreatown, Hollywood, and Downtown LA. This 4 bedroom, 4 bathroom townhouse with premium finishes includes central air, central heat, stainless steel appliances, dishwasher, in-unit washer/dryer, yard, balconies, and a 1 car garage plus 1 assigned parking space. Solar panels to keep expenses low! Pet friendly. Date available for move in. Oct 1st 2023.

  • December, 2022

  • Dec 20, 2022

    Date

    Sold

    CRMLS: 22180551

    $1,340,000

    Price

  • Jul 19, 2022

    Date

    Active

    CRMLS: 22180551

    $1,340,000

    Price

  • Listing provided courtesy of CRMLS

    3 + ADU, RTI'd opportunity in Echo Park area! Previous single family home has been demolished. The lot has been recompacted with permits. This project is currently RTI'd. Unit 1 (ADU): 1b/1b, 408 sq ft; Unit 2: 4b/4b, 1,608 sq ft; Unit 3: 4b/4b, 1,660 sq ft; Unit 4: 4b/4b 1,492 sq ft.

  • September, 2021

  • Sep 29, 2021

    Date

    Active

    CRMLS: 21789076

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Built in 1913, this Craftsman is in need of some TLC but has a ton of potential. Centrally located between Rampart Village and Historic Filipino town and very close to Silverlake, this is a great opportunity for an investor or developer looking to build on an LARD1.5 lot. The main home features 2BR and 1BA and the converted garage (unpermitted) features a studio with a bathroom and kitchenette. The backyard has ample space for extra parking and a garden and there is a shed for storage.

  • October, 2008

  • Oct 21, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2730 Council St

Assessed Value (2020): $166,088
Year Land Value Improved Value Assessed Value
2020 $132,876 $33,212 $166,088

Home Value Compared to the Market

This property vs the competition

2730 Council St is listed 185.63% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $677.05 per/sqft which puts the price per square foot 12.53% lower than the median price per square foot for the city of Los Angeles.

About 2730 Council St

Detailed summary of property

2730 Council St is a fourplex located in Los Angeles, CA 90026 and is currently for sale. This fourplex offers 13 bedrooms, 13 bathrooms, roughly 5,168 living square feet, and sits on an approximately 4,807 square foot lot. 2730 Council St was first listed on ArdentRealEstateGroup.com on March 15, 2024. The homeowner is currently asking $3,499,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 185.63% higher than the median priced home. Local competing homes currently for sale include 811 Kodak Dr, 325 N Union Ave and 548 N Westmoreland Ave. While the average home in Los Angeles, CA is selling in 96 days, 2730 Council St has a days on market of 41 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2730 Council 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 2730 Council St

Public county record property details
Beds
1
Baths
1
Year built
1913
Sq. Ft.
925
Lot Size
4,808
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5156-021-008

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
$1,300,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
55
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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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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