1416 Echo Park Ave Los Angeles, CA 90026
$9,000,000
6
Beds4
Baths17,740 Sq. Ft.
$507 / Sq. Ft.
Built: 1908Lot Size: 0.38 AcresSold On: Jul 2, 2019
Sold
SOLD JUL 2, 2019
1 of 10
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About This Home
Listed by Rich Johns •DRE #01432215 • KW Commercial Studio City
Redfin last checked: 5 minutes ago | Last updated July 2, 2019
•
Source:
TheMLS
Bought with Rich Johns •DRE #01432215 • KW Commercial Studio City
Price Insights
Price/Sq.Ft.$507
Home Facts
StatusSold
Property TypeResidential Income
Year Built1908
CommunitySilver Lake - Echo Park
Lot Size0.38 Acres
MLS#18-408116
Map Nearby Homes For SaleExpand MapStreet ViewDirections
Nearby Similar Homes
Public Facts for 1416 Echo Park Ave
Beds
1
Baths
6
Sq. Ft.
2,598
Stories
2
Lot Size
—
Style
Condo/Co-op
Year Built
1908
Year Renovated
—
County
Los Angeles County
APN
5419024033
Home facts updated by county records on Sep 19, 2020.
Listing Details for 1416 Echo Park Ave
Property information provided by TheMLS when last listed in 2018. This data may not match . Learn more.
Interior Features
- Other
Equipment
- Wall/Window Unit Cooling
- Other Heat
Heating & Cooling
Parking / Garage
- Garage
Garage
- # of Parking Spaces (Total): 13
Parking
Exterior Features, School / Neighborhood, Taxes / Assessments, Location Details
- Total Floors: 3
Building Information
- # of Units in Complex (Total): 32
Community Information
- Assessed Land Value: $5,100,000
- Assessed Improvement Value: $2,244,000
- Assessor Parcel Number: 5419-024-033
Assessment Information
- Directions: Premier Echo Park Location, just north of Sunset Blvd, and east of Glendale Blvd.
Location Information
Multi-Unit Information
- Gross Income: 587840
- Gross Operating Income: $587,840
- Net Operating Income: $364,484
Multi-Unit Income
- Total Annual Expense: $211,599
Multi-Unit Expenses
- Cap Rate: 4
- Gross Rent Multiplier: 15.7
- Vacancy Rate: 13
- Scheduled Actual: Actual
Multi-Unit Other Financial Information
- Unit Type Type: 1, 2, 3, 4
- Type Of Units: Apartments
- # of Buildings: 12
Multi-Unit Information
- # of Beds: 0
- # of Baths: 1.00
- Rent: $1,173
- Projected Rent: $1,695
- Actual Rent: $11,865
- # of Units: 7
Unit 1 Information
- # of Beds: 1
- # of Baths: 1.00
- Rent: $1,606
- Projected Rent: $2,100
- Actual Rent: $48,300
- # of Units: 23
Unit 2 Information
- # of Beds: 2
- # of Baths: 1.00
- Rent: $1,648
- Projected Rent: $2,500
- Actual Rent: $1,648
- # of Units: 1
Unit 3 Information
- # of Beds: 3
- # of Baths: 1.00
- Rent: $1,421
- Projected Rent: $2,700
- Actual Rent: $1,421
- # of Units: 1
Unit 4 Information
Property / Lot Details
- Property Type: Residential Income
Property Information
- Lot Size (Sq. Ft.): 16,418
- Zoning: LAR3
Lot Information
Documents & Disclosures
- Disclosures: As Is
Documents & Disclosures
Activity for 1416 Echo Park Ave
7 Views | 29 Favorites 41 all-time | 3 X-Outs 7 all-time | 0 Redfin Tours |
Schools
This home is within the Los Angeles Unified School District.
Los Angeles's enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.Everest Value Charter • K to 8 • Choice school | 245 Students | 2.5 mi Distance | |
Logan Street Elementary School Public • K to 8 • Serves this home | 384 Students | 0.1 mi Distance | |
Dorothy V. Johnson Community Day School Public • 7 to 12 • Choice school | 79 Students | 9.6 mi Distance | |
Aspire Pacific Academy Charter • 6 to 12 • Choice school | 582 Students | 6.3 mi Distance | |
Thomas Jefferson Senior High School Public • 9 to 12 • Choice school | 644 Students | 4.8 mi Distance | |
Belmont Senior High School Public • 9 to 12 • Serves this home | 860 Students | 1.2 mi Distance |
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Neighborhood Info for 1416 Echo Park Ave
Transportation in Elysian Heights
Walker's Paradise
Walk Score®
Good Transit
Transit Score®
Somewhat Bikeable
Bike Score®
This area is a walker's paradise — daily errands do not require a car. Transit is good, with many nearby public transportation options. There is a minimal amount of infrastructure for biking.
Elysian Heights Real Estate Sales (Last 30 days)
| Median List Price$1.08M | Avg. # Offers1 |
| Median $ / Sq. Ft.$665 | Avg. Down Payment20.0% |
| Median Sale / List104.8% | # Sold Homes10 |
Market Competition in Elysian Heights
Calculated over the last 3 months
67
Somewhat Competitive
Redfin Compete Score™
- Some homes get multiple offers.
- Homes sell for about 2% above list price and go pending in around 51 days.
- Hot Homes can sell for about 7% above list price and go pending in around 27 days.
Median Real Estate Values
| Location | List Price | $ / Sq. Ft. | Sale / List |
|---|---|---|---|
| Elysian Heights | $1,080,000 | $665 | 104.8% |
| Greater Echo Park Elysian | $1,100,000 | $669 | 104.6% |
| Central LA | $1,319,000 | $721 | 98.8% |
| 90026 | $1,129,000 | $675 | 99.7% |
| Los Angeles | $995,000 | $587 | 100.1% |
| Los Angeles County | $839,999 | $509 | 100.2% |
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Nearby Recently Sold Homes
Nearby homes similar to 1416 Echo Park Ave have recently sold between $500K to $3,300K at an average of $870 per square foot.
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3 Beds | 2 Baths | 1660 Sq. Ft. | $901,847 |
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| Address | Redfin Estimate |
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2 Beds | 2 Baths | 744 Sq. Ft. | - |
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2 Beds | 1.75 Baths | 703 Sq. Ft. | $870,423 |
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1416 Echo Park Ave is a multi-family home in Los Angeles, CA 90026. This 17,740 square foot multi-family home sits on a 0.38 acre lot and features 6 bedrooms and 4 bathrooms. This property was built in 1908 and last sold on July 02, 2019 for $9,000,000. Nearby schools include Logan Street Elementary School, Logan Street Elementary School and Gabriella Charter School. The closest grocery stores are Lassen's Natural Foods & Vitamins, More Buy & Save and La Guadalupana Mkt. Nearby coffee shops include Lot 1 Cafe, Woodcat Coffee Bar and Stories Books & Cafe. Nearby restaurants include Combo A, Chinatown Express and Little Caesars Pizza. 1416 Echo Park Ave is near Echo Park, Victory Memorial Grove and Echo Park Recreation Center. This address can also be written as 1416 Echo Park Avenue, Los Angeles, California 90026.
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