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$1,310,000

Beds
5
sq ft
2,319

1804 Echo Park Ave, Los Angeles, CA 90026

1804 Echo Park Ave

Los Angeles, CA 90026

  • 651 days on market
This beautiful triplex in the heart of Echo Park is listed for sale for the first time in 30 years! All units have their own separate entrances. The front building has 2 units (one is upstairs). A 3rd unit is a detached unit with its own entrance and 2 different parking spaces accessible from the next street on Ashmore Place. The length of this lot stretches from Echo Park Ave to Ashmore Place (see the image of the parcel map). The property is a landbank (5357 sq/ft) perfect for owner-user with rental income, investment property, or for future development. Unit 1804 is owner-occupied so there is an upside in rent (only unit 1804 will be delivered vacant). It is only a 5-minute drive to Dodger Stadium, within walking distance to Lady Byrd Cafe and nearby restaurants. There's also a mini market directly across the street from the property. Please do not disturb tenants.

Details

Property type

Lot size

5,357 sq ft

Price per sq ft

$565

Year built

1937

HOA

No

Price History

08/31/2024
CLAW

CLAW #22223784

Listed
$1,310,000
08/27/2024
CLAW

CLAW #22223784

Removed
$1,310,000
12/04/2023
CLAW

CLAW #22223784

Listed
$1,310,000

Schools & Community

Neighborhood: 

Echo Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Urban Financial Group Inc

Loan start date

May 2012

Original loan amount

$855,000

Est. remaining balance

Not provided

Interest rate

3.99%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Guadalupe E Marin

Lender

Entrust Admin Inc

Loan start date

August 2008

Original loan amount

$30,000

Est. remaining balance

Not provided

Interest rate

6.42%

Loan type

Stand Alone Refi (Refinance of Original Loan)

Seller

Guadalupe E Marin

Lender

Downey S/L

Loan start date

January 2002

Original loan amount

$178,500

Est. remaining balance

Not provided

Interest rate

6.82%

Loan type

Not Provided, 30 year

Seller

Guadalupe E Marin

Lender

Wmc Mtg Corp

Loan start date

June 1998

Original loan amount

$170,000

Est. remaining balance

$46,040

Interest rate

7.14%

Loan type

Not Provided, 30 year

Seller

Guadalupe E Marin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 9:20 AM

Listing updated: 08/30/2024 at 5:23 PM

Listed by: Susan Rodriguez, RE/MAX Alliance Group Phone #: (310) 578-0348

MLS: CLAW #22223784

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