2849 Council Street

Los Angeles, CA 90026

$1,200,000
Price
6
Beds
4
Baths
2,536 Sq. Ft.
$473 / Sq. Ft.
2,536
Sq. Ft.
$473
per Sq. Ft.

Description

This is a great income property and very convenient to the highly sought after area of Silver Lake/Echo Park. This 2-story duplex was built in the mid 90's and offers a great owner/user opportunity and is within close proximity to the 101. Whether you are in the middle of an exchange, looking for a potential value add or would like to live in one unit and rent the other out, this property has great potential. Please keep in mind that both units are being delivered tenant occupied and the buyer will...This is a great income property and very convenient to the highly sought after area of Silver Lake/Echo Park. This 2-story duplex was built in the mid 90's and offers a great owner/user opportunity and is within close proximity to the 101. Whether you are in the middle of an exchange, looking for a potential value add or would like to live in one unit and rent the other out, this property has great potential. Please keep in mind that both units are being delivered tenant occupied and the buyer will need to negotiate with the tenants after COE if there is a desire from the buyer to occupy one of the units. The seller is motivated.
  1. Listed by Brock J Worthen • DRE #01351221 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 2849 Council Street

Zoning
LAR3
Parcel Number
5156017015
Total Units
2.0
Living Area
2536
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
4803
LISTING UPDATED: 11/24/2024 03:48 PM

Property Details for 2849 Council Street

StatusActive
MLS #24-428011
Days on Market129
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1996
Lot Size0.11 AC / 4,803 SF
CountyLos Angeles County

Building Information for 2849 Council Street

Stories2Residences-Year Built1996Building Size-Lot Size0.11 AC / 4,803 SF

Property Information for 2849 Council Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2 levels
  • Security Features: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $37,956
  • Net Operating Income: $23,325.00
  • Gross Income: $37,956
  • Gross Rent Multiplier: $3.00
  • Total Annual Expense: 14631
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1103
  • Lot Size Square Feet: 4803
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 3
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,301.00
  • Unit Actual Rent: $2,301.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $862.00
  • Unit Actual Rent: $862.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $260,100.00
  • Assessed Improvement Percent: 22.73
  • Assessed Land Value: $884,340.00
  • Assessed Land Percent: 77.27
  • Assessed Total Value: $1,144,440.00

Property History for 2849 Council 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 2849 Council Street

Taxable ValueLand$902,026Additions$265,302Total$1,167,328
Tax Record2024$14,430 ($1,203 / month)
Home Facts
Total Finished SqFt2,536 SqFtAbove Grade Finished SqFt2,536 SqFtLot Size4,803 SqFtStyleDuplexYear Built1996ZoningLAR3CountyLOS ANGELESAPN5156-017-015

Schools near 2849 Council Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lake Street Primary School
PublicK to 1

Rosemont Avenue Elementary School
Public2 to 5

Virgil Middle School
Public6 to 8

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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2849 Council Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on August 14, 2024 by Keller Williams Realty Los Feliz, it's currently listed at $1,200,000. It has been on the market for a total of 129 days and was last sold on November 6, 1996. This listing's school district is Los Angeles Unified School District. Nearby schools include Lake Street Primary School, Rosemont Avenue Elementary School and Virgil Middle School. 2849 Council Street is a 6-bed, 4-bath, 2,536 sqft multi-family home built in 1996.

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 Keller Williams Realty Los Feliz, Brock J Worthen, DRE #01351221

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.