1661 Echo Park Avenue

Los Angeles, CA 90026

$1,990,000
Price
11
Beds
5
Baths
3,858 Sq. Ft.
$516 / Sq. Ft.
3,858
Sq. Ft.
$516
per Sq. Ft.

Description

Boardwalk Real Estate Inc. and Kidder Mathews are pleased to present 4 units along prime Echo Park Avenue for sale. The 4,012 SF property, spread across 5,242 SF of land, consists of two duplexes and is located at 1661 Echo Park Ave, Los Angeles, CA 90026. The fully occupied property lends itself to an investor looking for optimal cash flow with minimal maintenance. All four units are separately metered for gas and electricity. The front duplex, facing Echo Park Ave, was completely renovated in 2015...Boardwalk Real Estate Inc. and Kidder Mathews are pleased to present 4 units along prime Echo Park Avenue for sale. The 4,012 SF property, spread across 5,242 SF of land, consists of two duplexes and is located at 1661 Echo Park Ave, Los Angeles, CA 90026. The fully occupied property lends itself to an investor looking for optimal cash flow with minimal maintenance. All four units are separately metered for gas and electricity. The front duplex, facing Echo Park Ave, was completely renovated in 2015 with recent improvements for insulation and sound transmission completed in 2024. The ground unit consists of three bedrooms and 2 bathrooms, and the upstairs unit is two bedrooms and one bathroom with its own separate entrance and balcony. The driveway is shared between both units. The rear duplex consists of two, three bedroom and one bathroom units. The property is situated next door to the popular Valerie Confections and only a short walk to trendy spots like Canyon Coffee and Bacetti. It is .5 miles from Sunset Blvd and provides easy access to 101 and 110 freeways, allowing seamless connectivity to all of Los Angeles including downtown Los Angeles, Dodger Stadium, and Chinatown. This property offers the perfect blend of urban convenience and neighborhood charm.
  1. Listed by Tai Kagehiro • DRE #02068820 • Brokerage DRE #01116835 • Boardwalk Real Estate, Inc.

Property Details for 1661 Echo Park Avenue

Zoning
LARD1.5
Style
Colonial
Parcel Number
5419008002
Total Units
4.0
Living Area
3858
Source Living Area
Title Company
Area
Silver Lake (671)
Vacancy Rate
0%
LISTING UPDATED: 10/21/2024 11:49 AM

Property Details for 1661 Echo Park Avenue

StatusActive
MLS #24-446921
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.12 AC / 5,203 SF
CountyLos Angeles County

Building Information for 1661 Echo Park Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.12 AC / 5,203 SF

Property Information for 1661 Echo Park Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 4
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: LA/Owner Related
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $40,642
  • Net Operating Income: $79,630.00
  • Gross Income: $126,735
  • Gross Rent Multiplier: $15.70
  • Actual Annual Gross Rent: $126,735.00
  • Total Annual Expense: 47105
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1194
  • Lot Size Square Feet: 5203
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway
  • Total Parking: 0
  • Parking Features: Assigned, Driveway
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Cooling Type: Air Conditioning, Wall Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Stackable W/D Hookup
  • Laundry: Stackable
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-30-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,744.00
  • Unit Actual Rent: $3,744.00
  • Unit Projected Rent: $4,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,964.00
  • Unit Actual Rent: $2,964.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,926.00
  • Unit Actual Rent: $3,853.20
  • Unit Projected Rent: $3,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,396,602.00
  • Assessed Improvement Percent: 48.54
  • Assessed Land Value: $2,540,458.00
  • Assessed Land Percent: 56.89
  • Assessed Total Value: $4,937,060.00

Property History for 1661 Echo Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1661 Echo Park Avenue

Taxable ValueLand$1,137,300Additions$862,340Total$1,999,640
Tax Record2024$24,558 ($2,046 / month)
Home Facts
Total Finished SqFt3,858 SqFtAbove Grade Finished SqFt3,858 SqFtLot Size5,203 SqFtStyleQuadraplexYear Built1923ZoningLARD1.5CountyLOS ANGELESAPN5419-008-002

Schools near 1661 Echo Park Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Logan Academy of Global Ecology
PublicK to 8

Belmont Senior High School
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.

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1661 Echo Park Avenue is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on September 30, 2024 by Boardwalk Real Estate, Inc., it's currently listed at $1,990,000. It has been on the market for a total of 65 days and was last sold on June 16, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Logan Academy of Global Ecology, Belmont Senior High School and Ramon C. Cortines School Of Visual And Performing Arts. 1661 Echo Park Avenue is a 11-bed, 5-bath, 3,858 sqft multi-family home built in 1923.

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 Boardwalk Real Estate, Inc., Tai Kagehiro, DRE #02068820

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.