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2849 Council St, Los Angeles, CA 90026
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2849 Council St Los Angeles, CA 90026

$1,200,000
  • 9 Beds
  • 6 Baths
  • 2,536 Sq.Ft.
For Sale
$1,200,000 Get Pre-Qualified
Map preview of 2849 Council St, Los Angeles, CA 90026

Property Overview: 2849 Council St Los Angeles, CA has 9 bedrooms, 6 bathrooms, 2,536 living square feet and 4,803 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: This is a great income property and very convenient to the highly sought after area of Silver Lake/Echo Park. This 2-story duplex was built in the mid 90's and offers a great owner/user opportunity and is within close proximity to the 101. Whether you are in the middle of an exchange, looking for a potential value add or would like to live in one unit and rent the other out, this property has great potential. Please keep in mind that both units are being delivered tenant occupied and the buyer will need to negotiate with the tenants after COE if there is a desire from the buyer to occupy one of the units. The seller is motivated.

Listed by Brock J Worthen | BRE #01351221 | Keller Williams Realty Los Feliz
Last checked: 13 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
4,803
HOA Dues
$0/mo
Year built
1996
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24428011
City
Los Angeles
County
Los Angeles
Time on Site
35 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,301
  • Total Rent: $2,301
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $862
  • Total Rent: $862
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 3
  • Gross Scheduled Income: --
  • Net Operating Income: $23,325
  • Gross Operating Income: $37,956
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2849 Council St

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Property Details for 2849 Council St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 2
  • Parcel Number: 5156017015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Beverly Blvd. East of Occidental Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2849 Council St

Last sold for $215,000 on November 30th, 1998

  • August, 2024

  • Aug 14, 2024

    Date

    Active

    CRMLS: 24428011

    $1,200,000

    Price

  • June, 2023

  • Jun 20, 2023

    Date

    Expired

    CRMLS: 22226157

    $1,520,000

    Price

  • Dec 19, 2022

    Date

    Active

    CRMLS: 22226157

    $1,520,000

    Price

  • Listing provided courtesy of CRMLS

    This property is close proximity and very convenient to Silver Lake as well as the 101. This is a great opportunity for an investor as a value add addition to their portfolio. The 3 unit next door, 200, 202 and 208 is also owned by the same seller, and is also for sale. Seller will consider all offers. Showings will need to be coordinated so please see agent remarks for instructions.

  • November, 1998

  • Nov 30, 1998

    Date

    Sold (Public Records)

    Public Records

    $215,000

    Price

  • May, 1997

  • May 7, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2849 Council St

Assessed Value (2020): $349,951
Year Land Value Improved Value Assessed Value
2020 $214,443 $135,508 $349,951

Home Value Compared to the Market

This property vs the competition

2849 Council St is listed 0% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $473.19 per/sqft which puts the price per square foot 38.39% lower than the median price per square foot for the city of Los Angeles.

About 2849 Council St

Detailed summary of property

2849 Council St is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 9 bedrooms, 6 bathrooms, roughly 2,536 living square feet, and sits on an approximately 4,803 square foot lot. 2849 Council St was first listed on ArdentRealEstateGroup.com on August 15, 2024. The homeowner is currently asking $1,200,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0% higher than the median priced home. Local competing homes currently for sale include 855 Waterloo St, 941 Robinson St and 2154 Santa Ynez St. While the average home in Los Angeles, CA is selling in 106 days, 2849 Council St has a days on market of 34 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 2849 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 2849 Council St

Public county record property details
Beds
6
Baths
4
Year built
1996
Sq. Ft.
2,536
Lot Size
4,802
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5156-017-015

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%)

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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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