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623 Laveta Terrace, Los Angeles, CA 90026
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623 Laveta Terrace Los Angeles, CA 90026

$925,000 Sold Price as of 04/05/2023
  • 4 Beds
  • 2 Baths
  • 1,513 Sq.Ft.
Sold
$925,000 Sold Price as of 04/05/2023 Refinance Your Mortgage
Map preview of 623 Laveta Terrace, Los Angeles, CA 90026

Property Overview: 623 Laveta Terrace Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,513 living square feet and 5,322 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Your second chance at a dream opportunity just minutes from Echo Park Lake! Darling duplex in Angelino Heights with one unit delivered vacant at close of escrow presents a dream opportunity for first time buyers + investors alike! Enjoy two 2bd/1ba units, the vacant unit with a bonus room with potential to act as a third bedroom or office. Recently refreshed with new interior + exterior paint and new light fixtures throughout, it's ready for you to move right in and make it your own or rent it out immediately! The occupied unit enjoys long term tenants who are consistent and reliable, enjoy the perk of added income to help supplement the mortgage. The garage presents extra parking or potentially space for an adu conversion for added income (buyer to verify). An oversized basement features an abundance of storage space and tons of potential. The spacious yard is the perfect palate for a green thumb to unleash. Mature fruit trees such as fig and persimmon provide shade overhead - imagine a personal farmer's market right in your own backyard! Enjoy easy access to several LA neighborhoods like Downtown LA, Silver Lake, Hollywood, and Highland Park. Minutes from local favs such as eateries in Echo Park/Silverlake, Dodger Stadium and Elysian Park. The close proximity to the 101, 110, 5 + 2 freeways make this a commuter's dream! Zoned LARD3 the possibilities for future development are plentiful. Become an owner and begin your LA legacy here on Laveta Terrace!

Listed by Dominique Madden | BRE #01959152 | ACME Real Estate
Co-listed by Ximena Lopez | BRE #01736397 | ACME Real Estate
Last checked: 5 minutes ago | Last updated: April 9th, 2023 | Source CRMLS | DOM: 118

Home details

Lot Sq. Ft
5,322
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22201911
City
Los Angeles
County
Los Angeles
Time on Site
603 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $11,700
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --
  • Water/Sewer: $2,400

Property Details for 623 Laveta Terrace

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Concrete, Driveway, Garage - Two Door
Property Information
  • Total # of Units: 2
  • Parcel Number: 5405006007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Bellevue on Laveta Terrace
View more facts & features

Local Los Angeles Agent

Sale History for 623 Laveta Terrace

Last sold for $925,000 on April 5th, 2023

  • April, 2023

  • Apr 5, 2023

    Date

    Sold

    CRMLS: 22201911

    $925,000

    Price

  • Sep 22, 2022

    Date

    Active

    CRMLS: 22201911

    $889,000

    Price

Tax History for 623 Laveta Terrace

Assessed Value (2020): $121,780
Year Land Value Improved Value Assessed Value
2020 $73,074 $48,706 $121,780

Home Value Compared to the Market

This property vs the competition

623 Laveta Terrace sold on April 5, 2023 for 25.29% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $587.57 per/sqft which puts the price per square foot 22.18% lower than the current median sale per square foot for the city of Los Angeles.

About 623 Laveta Terrace

Detailed summary of property

623 Laveta Terrace is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,513 living square feet, and sits on an approximately 5,322 square foot lot. 623 Laveta Terrace was first listed on ArdentRealEstateGroup.com on September 22, 2022. The homeowner sold the property for $925,000. 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 25.29% lower than the current median priced home. Local homes that are currently for sale include 235 Crandall St, 2733 Council St and 2713 Darwin Ave. While the average home in Los Angeles, CA is selling in 94 days, 623 Laveta Terrace has a days on market of 118 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 623 Laveta Terrace 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 623 Laveta Terrace

Public county record property details
Beds
4
Baths
2
Year built
1920
Sq. Ft.
1,513
Lot Size
5,322
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5405-006-007

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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Thinking of Selling?
Call, Text or Message
(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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