1571 Council Street
$899,000
10
5
3,846
3,846
$234
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Description
Motivated Seller - Now priced for quick sale. Great opportunity to own a well-maintained corner lot quadruplex on a great block at the top of the hill in Historic Filipinotown! Charming complex with two buildings (two separate addresses: 244-246 Belmont and 1571-1573 Council - both up and down), the front one with quaint brick steps and front patio and a Queen Anne-style roof turret. Exterior has been recently painted and features four good sized units, each with front and rear entrances, and all...Motivated Seller - Now priced for quick sale. Great opportunity to own a well-maintained corner lot quadruplex on a great block at the top of the hill in Historic Filipinotown! Charming complex with two buildings (two separate addresses: 244-246 Belmont and 1571-1573 Council - both up and down), the front one with quaint brick steps and front patio and a Queen Anne-style roof turret. Exterior has been recently painted and features four good sized units, each with front and rear entrances, and all occupied by excellent long-term tenants. Finishes could use updating, but some systems have been upgraded including updated electrical, own water heaters, washer/dryer hookups, A/C in some units. Great unit mix and more than 100% potential up-side in rents after remodeling or great income generating home for future owner-user. Actual rents: 244 Belmont: $1,039.48, 246 Belmont: $1,098.74, 1571 Council: $1,379.00, and 1573 Council: $1,039.37. ($4,556.59/month total). Possibility to raise rents by 4% on February 1, 2025. Nicely landscaped front and side yards with lime tree and patio area between buildings. Great location with views of Downtown and much development going on nearby. Close to Echo Park, Downtown LA, Dodger Stadium, along with numerous coffee shops, restaurants, medical facilities, and recreation facilities.
- Listed by Reid C. Kaplan • DRE #01711288 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES
Property Details for 1571 Council Street
Zoning
LARD1.5
StyleVictorian
Parcel Number5159019023
Total Units4.0
Living Area3846
Source Living AreaVendor Enhanced
AreaSilver Lake (671)
Vacancy Rate0
LISTING UPDATED: 09/23/2024 06:27 PM
Property Details for 1571 Council Street
Status | Active |
---|---|
MLS # | 24-417749 |
Days on Market | 63 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
Lot Size | 0.11 AC / 4,751 SF |
County | Los Angeles County |
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Building Information for 1571 Council Street
Stories2Residences-Year Built1929Building Size-Lot Size0.11 AC / 4,751 SF
Property Information for 1571 Council Street
Property History for 1571 Council Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1571 Council Street
Taxable ValueLand$241,453Additions$319,925Total$561,378
Tax Record2023$7,148 ($596 / month)
Home Facts
Total Finished SqFt3,846 SqFtAbove Grade Finished SqFt3,846 SqFtLot Size4,749 SqFtStyleQuadraplexYear Built1929ZoningLARD1.5CountyLOS ANGELESAPN5159-019-023
Schools near 1571 Council 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 | ||
Miguel Contreras Learning Complex School Public9 to 12 | ||
Contreras Learning Center-School Of Social Justice 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.
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