2416 Echo Park Avenue

Los Angeles, CA 90026

$1,695,000
Price
5
Beds
6
Baths
3,134 Sq. Ft.
$541 / Sq. Ft.
3,134
Sq. Ft.
$541
per Sq. Ft.

Description

Artsy cabin vibes abound at this creative four unit building at the top of Echo Park ave. Large property with a good unit mix and high quality tenants is now available for its next astute investor. Well maintained building with great views in an excellent and popular location. Units retain much of original details and charm and great floor plans. Great opportunity to own a special income property in a highly desirable and booming location!Artsy cabin vibes abound at this creative four unit building at the top of Echo Park ave. Large property with a good unit mix and high quality tenants is now available for its next astute investor. Well maintained building with great views in an excellent and popular location. Units retain much of original details and charm and great floor plans. Great opportunity to own a special income property in a highly desirable and booming location!
  1. Listed by Eric Smilay • DRE #01710731 • Brokerage DRE #01703618 • Nourmand & Associates-BH

Property Details for 2416 Echo Park Avenue

Zoning
LAR1
Style
Rustic
Parcel Number
5443014016
Total Units
4.0
Living Area
3134
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
LISTING UPDATED: 11/20/2024 12:01 AM

Property Details for 2416 Echo Park Avenue

StatusActive
MLS #24-462865
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1907
Lot Size0.15 AC / 6,458 SF
CountyLos Angeles County

Building Information for 2416 Echo Park Avenue

Stories2Residences-Year Built1907Building Size-Lot Size0.15 AC / 6,458 SF

Property Information for 2416 Echo Park Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1and 2 Beds
  • View: Yes
  • View Description: City, Canyon, Mountains
  • View: City Lights, Canyon, Mountain(s)
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $117,540
  • Net Operating Income: $91,540.00
  • Gross Income: $117,540
  • Gross Rent Multiplier: $16.00
  • Actual Annual Gross Rent: $117,540.00
  • Actual Rent Total: $117,540.00
  • Total Annual Expense: 26000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1483
  • Lot Size Square Feet: 6458
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Type: Central, Wall/Window
  • Heating Type: Floor
  • Equipment: Refrigerator, Range/Oven, Washer, Freezer, Ceiling Fan, Dryer, Other
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $534,777.00
  • Assessed Improvement Percent: 38.68
  • Assessed Land Value: $847,680.00
  • Assessed Land Percent: 61.32
  • Assessed Total Value: $1,382,457.00

Property History for 2416 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 2416 Echo Park Avenue

Taxable ValueLand$864,633Additions$545,472Total$1,410,105
Tax Record2024$17,341 ($1,445 / month)
Home Facts
Total Finished SqFt3,134 SqFtAbove Grade Finished SqFt3,134 SqFtLot Size6,456 SqFtStyleQuadraplexYear Built1907ZoningLAR1CountyLOS ANGELESAPN5443-014-016

Schools near 2416 Echo Park Avenue

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
Charter - 9 to 12
Rating
School
Distance
Elysian Heights ES Arts Magnet
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High 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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2416 Echo Park Avenue is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on November 12, 2024 by Nourmand & Associates-BH, it's currently listed at $1,695,000. It has been on the market for a total of 9 days and was last sold on April 5, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Elysian Heights ES Arts Magnet, Thomas Starr King Middle School and John Marshall Senior High School. 2416 Echo Park Avenue is a 5-bed, 6-bath, 3,134 sqft multi-family home built in 1907.

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 Nourmand & Associates-BH, Eric Smilay, DRE #01710731

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.