821 Laveta Terrace

Los Angeles, CA 90026

$1,199,000
Price
5
Beds
2
Baths
2,124 Sq. Ft.
$565 / Sq. Ft.
2,124
Sq. Ft.
$565
per Sq. Ft.

Description

Sweet two-on-a-lot duplex in the heart of Echo Park's Angelino Heights with a VACANT front unit. These two detached homes offer a tremendous investment opportunity in one LA's most coveted neighborhoods. The 3BR/1BA front home will be delivered vacant and offers an easy floor plan, character vintage details and recent upgrades. The rear 2BR/1BA unit is currently rented for $2,184/month and includes a lovely outdoor space with mature trees and plants. Both homes showcase beautiful hardwood floors,...Sweet two-on-a-lot duplex in the heart of Echo Park's Angelino Heights with a VACANT front unit. These two detached homes offer a tremendous investment opportunity in one LA's most coveted neighborhoods. The 3BR/1BA front home will be delivered vacant and offers an easy floor plan, character vintage details and recent upgrades. The rear 2BR/1BA unit is currently rented for $2,184/month and includes a lovely outdoor space with mature trees and plants. Both homes showcase beautiful hardwood floors, individual washer/dryer hookups, and dedicated parking, with all utilities separately metered. With separate entrances ensuring privacy and comfortable living, this property represents a prime opportunity to enhance your real estate portfolio. Situated in a sought-after neighborhood with strong rental demand and located just moments from Echo Park Lake, many shops and restaurants on Sunset Blvd, Dodger Stadium, Downtown LA and much more.

Listing Agents

  1. Justin Freeling

    Justin Freeling

    Listing Agent

    Compass

    DRE #01927532

  2. Rob Kallick

    Rob Kallick

    Alternative Listing Agent

    Compass

    DRE #01871966

    rob.kallick@compass.com

    P: (323)-775-6305

Property Details for 821 Laveta Terrace

Zoning
LARD3
Style
Bungalow
Parcel Number
5405005011
Total Units
2.0
Living Area
2124
Source Living Area
Taped
Area
Silver Lake (671)
Vacancy Rate
50%
LISTING UPDATED: 12/03/2024 09:20 AM

Property Details for 821 Laveta Terrace

StatusPending
MLS #24-458225
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 6,039 SF
CountyLos Angeles County

Building Information for 821 Laveta Terrace

Stories1Residences-Year Built1922Building Size-Lot Size0.14 AC / 6,039 SF

Property Information for 821 Laveta Terrace

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $68,208
  • Net Operating Income: $68,208.00
  • Gross Income: $26,208
  • Gross Rent Multiplier: $17.59
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1386
  • Lot Size Square Feet: 6039
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s), Central Air
  • Cooling Type: Wall/Window, Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Tile
  • Equipment: Refrigerator, Range/Oven, Dishwasher
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,184.00
  • Unit Actual Rent: $2,184.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $508,980.00
  • Assessed Improvement Percent: 46.12
  • Assessed Land Value: $594,660.00
  • Assessed Land Percent: 53.88
  • Assessed Total Value: $1,103,640.00

Property History for 821 Laveta Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 821 Laveta Terrace

Taxable ValueLand$606,553Additions$519,159Total$1,125,712
Tax Record2024$13,815 ($1,151 / month)
Home Facts
Total Finished SqFt2,088 SqFtAbove Grade Finished SqFt2,088 SqFtLot Size6,037 SqFtStyleDuplexYear Built1922ZoningLARD3CountyLOS ANGELESAPN5405-005-011

Schools near 821 Laveta Terrace

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.

Similar Homes

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Similar Sold Homes

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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 Compass, Justin Freeling, DRE #01927532; Compass, Rob Kallick, DRE #01871966

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.