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2738 Council St, Los Angeles, CA 90026
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2738 Council St Los Angeles, CA 90026

$1,695,000 Sold Price as of 06/01/2021
  • 6 Beds
  • 6 Baths
  • -- Sq.Ft.
Sold
$1,695,000 Sold Price as of 06/01/2021 Refinance Your Mortgage
Map preview of 2738 Council St, Los Angeles, CA 90026

Property Overview: 2738 Council St Los Angeles, CA has 6 bedrooms, 6 bathrooms, -- living square feet and 4,807 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Stabilized Fourplex at market rents conveniently located in the Filipinotown area of Echo Park, a neighborhood currently undergoing rapid gentrification. Built in 1963 and completed renovated in 2020, the complex offers a great mix with (one) 2 bedroom/2 bathroom unit, (one) 2 bedroom/1 bathroom unit and (two) 1 bedroom/1 bathroom units. Every unit has benefitted from a host of recent upgrades such as remodeled kitchens with new modern cabinetry, quartz counters, and new appliances, remodeled bathrooms with new vanities, tubs, and toilets, in-unit laundry, new HVAC and electrical wiring, and more. Covered parking and an electronic gated entry add to tenant convenience and safety. Investors stand to benefit from the security of a rent roll with a fully leased building at market rents

Listed by Ashrif Hammad | BRE #01700230 | COMPASS
Co-listed by Michael Wu | BRE #01403896 | COMPASS
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
4,807
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
P1-3563
City
Los Angeles
County
Los Angeles
Time on Site
1172 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $110,400
  • Net Operating Income: $83,751
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $200
  • New Taxes: $20,280
  • Trash: $2,400
  • Insurance: $1,069
  • Maintenance: $1,200

Property Details for 2738 Council St

Interior Features
Cooling Information
  • Has Cooling
  • Zoned
Heating Information
  • Has Heating
  • Zoned
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl, Wood
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Water Line to Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Features: Sprinklers Drip System, Sprinklers In Front
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Property is not Attached
  • Accessibility Features: Parking
  • Offered With Property: All appliances stay and are landlords property
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: North of Beverly Blvd and just East of Occidental Blvd
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 2738 Council St

Last sold for $1,695,000 on June 1st, 2021

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: P1-2625

    $1,695,000

    Price

  • Jan 22, 2021

    Date

    Withdrawn

    CRMLS: P1-2625

    $1,695,000

    Price

  • Dec 15, 2020

    Date

    Active

    CRMLS: P1-2625

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2021

  • Jun 2, 2021

    Date

    Sold

    CRMLS: P1-3563

    $1,695,000

    Price

  • Apr 26, 2021

    Date

    Active Under Contract

    CRMLS: P1-3563

    $1,695,000

    Price

  • Mar 2, 2021

    Date

    Active

    CRMLS: P1-3563

    $1,695,000

    Price

  • December, 2020

  • Dec 14, 2020

    Date

    Leased

    CRMLS: P1-2460

    $1,900

    Price

  • Nov 29, 2020

    Date

    Active

    CRMLS: P1-2460

    $1,900

    Price

  • Listing provided courtesy of CRMLS

    Need a change of scenery or looking for a fresh start? This fully remodeled unit is ready for it's very first tenants to call home. Everything is brand new and sparkling clean from floor to ceiling, all appliances are included - refrigerator, stove, microwave, dishwasher and washer/dryer. Sleek modern finishes, REAL hardwood floors, lot's of natural light throughout, plenty closet space, and pet friendly! Gated assigned parking, with some additional exterior storage. Centrally located, minutes away from Echo Park, Silver Lake, DTLA and Ktown. Must see in person, please call or text to set up a viewing.

  • March, 2020

  • Mar 18, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2020

  • Mar 12, 2020

    Date

    Sold

    CRMLS: SR19178246

    $1,150,000

    Price

  • Nov 6, 2019

    Date

    Pending

    CRMLS: SR19178246

    $1,299,000

    Price

  • Sep 16, 2019

    Date

    Price Change

    CRMLS: SR19178246

    $1,299,000

    Price

  • Jul 26, 2019

    Date

    Active

    CRMLS: SR19178246

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Here's an opportunity to purchase a gated 4 unit apartment in a centrally located area in Los Angeles.Close proximity to downtown LA and Silver Lake makes it appealing.This quadruplex with 3197 sq. feet and lot size of 4806 sq. feet offers 1 (2 bedrooms,2 bath) 1 (2 bedrooms 1 bath) and 2 (1 bedroom 1 bath).Property has private laundry area with coin operated washer/dryer for use by tenants.Assigned parking spaces at the back of the building.It's a well maintained property Great for owner/user.PRICE REDUCED!!

  • March, 2020

  • Mar 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • October, 2018

  • Oct 19, 2018

    Date

    Canceled

    CRMLS: SR18128638

    $1,195,950

    Price

  • May 31, 2018

    Date

    Active

    CRMLS: SR18128638

    $1,195,950

    Price

  • Listing provided courtesy of CRMLS

    Here's an opportunity to purchase a gated 4 unit apartment in a centrally located area in Los Angeles. Close proximity to downtown LA and Silver Lake makes it appealing.This quadruplex with 3197 sq feet and lot size of 4806 sq. feet offers 1( 2 bedrooms, 2 bath)1 (2 bedrooms 1 bath) and 2 ( 1 bedroom,1 bath).Property has private laundry area with coin operated washer/dryer for use by tenants Assigned parking spaces at the back of the building.Owner's unit will be delivered vacant .Great for owner user or investor.

  • May, 2018

  • May 10, 2018

    Date

    Canceled

    CRMLS: SB17236013

    $1,079,900

    Price

  • Apr 18, 2018

    Date

    Price Change

    CRMLS: SB17236013

    $1,079,900

    Price

  • Jan 19, 2018

    Date

    Price Change

    CRMLS: SB17236013

    $1,100,000

    Price

  • Oct 14, 2017

    Date

    Active

    CRMLS: SB17236013

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

Show More

Tax History for 2738 Council St

Assessed Value (2020): $1,004,546
Year Land Value Improved Value Assessed Value
2020 $673,783 $330,763 $1,004,546

Home Value Compared to the Market

This property vs the competition

2738 Council St sold on June 1, 2021 for 42.44% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 2738 Council St

Detailed summary of property

2738 Council St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 6 bedrooms, 6 bathrooms, roughly -- living square feet, and sits on an approximately 4,807 square foot lot. 2738 Council St was first listed on ArdentRealEstateGroup.com on March 2, 2021. The homeowner sold the property for $1,695,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.44% higher than the current median priced home. Local homes that are currently for sale include 160 Union Pl, 152 S Berendo St and 152 S Berendo St. While the average home in Los Angeles, CA is selling in 92 days, 2738 Council St has a days on market of 41 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 2738 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 2738 Council St

Public county record property details
Beds
6
Baths
5
Year built
1963
Sq. Ft.
3,197
Lot Size
4,806
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5156-021-010

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.
$736
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
65
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%)

Thinking of Selling?

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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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