1525 Cortez Street

Los Angeles, CA 90026

$850,000
Price
5
Beds
4
Baths
2,747 Sq. Ft.
$309 / Sq. Ft.
2,747
Sq. Ft.
$309
per Sq. Ft.

Description

Detached Duplex, and investment opportunity with lots of potential in prime location near Echo Park/Silverlake , minutes to historic Echo Park Lake, and adjacent to DTLA. Front Home is perched up stairs with city lights view and it is a craftsman, 2 bedroom 1 and 1/2 baths approximately 1,150sqft and, rear detached unit is 3 bedrooms, 2 baths, approximately 1,597 sqft. Both units are fixers and as such priced to sell. Fully leased with room for upside, with great paying tenants. Street parking only.Detached Duplex, and investment opportunity with lots of potential in prime location near Echo Park/Silverlake , minutes to historic Echo Park Lake, and adjacent to DTLA. Front Home is perched up stairs with city lights view and it is a craftsman, 2 bedroom 1 and 1/2 baths approximately 1,150sqft and, rear detached unit is 3 bedrooms, 2 baths, approximately 1,597 sqft. Both units are fixers and as such priced to sell. Fully leased with room for upside, with great paying tenants. Street parking only.
  1. Listed by Melanie Guillen • DRE #01322895 • Brokerage DRE #02174865 • Lee & Associates Los Angeles • 323-702-3850

Property Details for 1525 Cortez Street

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2747
Assessor Parcel Number
5160-002-012
Property Attached YN
false
LISTING UPDATED: 07/22/2024 07:44 AM

Property Details for 1525 Cortez Street

StatusActive
MLS #DW23222078
Days on Market309
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.11 AC / 4,767 SF
CountyLos Angeles County

Building Information for 1525 Cortez Street

Stories1Residences-Year Built1914Building Size-Lot Size0.11 AC / 4,767 SF

Property Information for 1525 Cortez Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $36,628
  • Net Operating Income: $35,539
Expense Details
  • Operating Expense: $1,089
  • Licenses Expense: $213
  • Insurance Expense: $875
  • Trash Expense: $0
  • Total Expenses: $1,089
Tax / Assessment Info
  • Tax Block: 39
  • Tax Tract Number: 2080
  • Tax Census Tract: 2080.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Flooring: Laminate, Tile
Exterior Features
  • Entry Location: Stairs
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,430
  • Unit Type Total Rent: $1,430
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,622
  • Unit Type Total Rent: $1,622
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 1525 Cortez Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1525 Cortez Street

Taxable ValueLand$510,000Additions$265,200Total$775,200
Tax Record2024$9,603 ($800 / month)
Home Facts
Total Finished SqFt1,597 SqFtAbove Grade Finished SqFt1,597 SqFtLot Size4,765 SqFtStyleDuplexYear Built1914ZoningLACWCountyLOS ANGELESAPN5160-002-012

Schools near 1525 Cortez Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Betty Plasencia Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1525 Cortez Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on January 16, 2024 by Lee & Associates Los Angeles, it's currently listed at $850,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Betty Plasencia Elementary School, Sal Castro Middle School and Edward R. Roybal Learning Center. 1525 Cortez Street is a 5-bed, 4-bath, 2,747 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lee & Associates Los Angeles, Melanie Guillen, DRE #01322895

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.