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920 Everett St, Los Angeles, CA 90026
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920 Everett St Los Angeles, CA 90026

$1,975,000 Sold Price as of 01/17/2020
  • 12 Beds
  • 12 Baths
  • -- Sq.Ft.
Sold
$1,975,000 Sold Price as of 01/17/2020 Refinance Your Mortgage
Map preview of 920 Everett St, Los Angeles, CA 90026

Property Overview: 920 Everett St Los Angeles, CA has 12 bedrooms, 12 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale 920 Everett St. in Echo Park just west of Chinatown Heights and Downtown Los Angeles. Income/expense info is proforma. All units are large 1-bedroom 2-baths with additional den/bonus rooms similar to a second bedroom, central air conditioning, individual water heaters and a large parking lot. The offering represents a value-add reposition opportunity to acquire a 2000-built multifamily asset not subject to Los Angeles RSO. The property will fall under the January California state measure. In largely original condition overall, current rents average below $1.50/sf. The asset is offered with over 120% upside and all offers are encouraged. The immediate area is bustling with redevelopment and repositioning as market rents continue to follow nearby Silver Lake and DTLA. Around the corner is legendary architect William Pereira's reimagined 'The Elysian', a 91-unit luxury apartment complex formerly the headquarters for the Metropolitan Water District.

Listed by Adam Peterson | BRE #01815802 | CB Richard Ellis, Inc.
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
2000
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19524966
City
Los Angeles
County
Los Angeles
Time on Site
1263 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $7,080
  • Pro Forma/Market Rent: $15,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.68
  • Gross Scheduled Income: --
  • Net Operating Income: $127,240
  • Gross Operating Income: $182,748
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 920 Everett St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 6
  • Parcel Number: 5406017023
Location / Neighborhood
Location Information
  • Directions: North/west of Sunset Blvd. between Echo Park and Chinatown Heights
View more facts & features

Local Los Angeles Agent

Sale History for 920 Everett St

Last sold for $1,975,000 on January 17th, 2020

  • January, 2020

  • Jan 18, 2020

    Date

    Sold

    CRMLS: 19524966

    $1,975,000

    Price

  • Dec 6, 2019

    Date

    Pending

    CRMLS: 19524966

    $1,999,000

    Price

  • Oct 29, 2019

    Date

    Active

    CRMLS: 19524966

    $1,999,000

    Price

  • January, 2020

  • Jan 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,975,000

    Price

  • September, 2019

  • Sep 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,950,000

    Price

  • August, 2019

  • Aug 18, 2019

    Date

    Canceled

    CRMLS: 19481792

    $1,950,000

    Price

  • Jul 25, 2019

    Date

    Pending

    CRMLS: 19481792

    $1,950,000

    Price

  • Jun 25, 2019

    Date

    Active

    CRMLS: 19481792

    $1,950,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present a six unit multifamily property located in Echo Park, California. Situated at 920 Everett Street, in between Sunset Boulevard and Stadium Way just southwest of the Dodger Stadium, the property is well positioned in a great location within Echo Park.Constructed in 2000, this non-rent controlled property hosts a streamlined unit mix of (6) one bedroom/two bathroom units. Each unit comes complete with a den. There is over 40% of upside in the rents. The square footage on title is 2,482 SF, however the seller believes the building is at least 3,450 SF. Buyer to verify the exact square footage. Ten parking spots on-site. Finally, this is the first time that the property is being offered on the market by the original developers.Well positioned in a prime Echo Park location, this offering presents an excellent opportunity for a savvy investor to capitalize on strong market fundamentals and immediate upside rental potential in a rare non-rent controlled property.

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Tax History for 920 Everett St

Assessed Value (2020): $1,950,000
Year Land Value Improved Value Assessed Value
2020 $1,100,000 $850,000 $1,950,000

Home Value Compared to the Market

This property vs the competition

920 Everett St sold on January 17, 2020 for 76.9% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 920 Everett St

Detailed summary of property

920 Everett St is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 12 bedrooms, 12 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 920 Everett St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,975,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 76.9% higher than the current median priced home. Local homes that are currently for sale include 2828 Reservoir St, 2642 Queen St and 2626 Corralitas Dr. While the average home in Los Angeles, CA is selling in 99 days, 920 Everett St has a days on market of 36 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 920 Everett 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 920 Everett St

Public county record property details
Beds
6
Baths
12
Year built
2000
Sq. Ft.
2,482
Lot Size
7,481
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5406-017-023

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
$1,199,000
Median List Price/Sq.Ft.
$820
Median Sold Price
$1,540,000
Median Sold Price/Sq.Ft.
$1,098
Total Inventory
72
Median Sale to List Price %
110.39%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (18.18%)

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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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