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SOLD 3/22/2021
1442 Laveta Terrace, Echo Park, CA 90026
1
bed
1
bath
4222
ft2
· 7035
ft2 lot
$1,774,000
$403 / ft2
Listing provided courtesy of Listing Broker: Nancy Marfisi, Sotheby's International Realty.
Source CRMLS.
This classic Spanish fourplex features four 1BD/1BA units complete with original built-ins and Batchelder-style gas fireplaces. Situated upon an iconic hilltop with downtown views and Dodger Stadium just down the road, 1442 Laveta Terrace is one block away from the restaurants, clubs, and shops of Sunset Boulevard. While this location is definitely a tenant magnet, the interior appeal of the four units is timeless, stately, and warm. All units have coved ceilings, original wood floors, laundry areas, sewing rooms, and a butler's pantry off the dining area. The two bottom units have their own quaint front porches and the top units open up to "Juliet" balconies through floor-to-ceiling windows. Two separate secure entrance staircases lead to each upper unit for maximum privacy. Four carports with easy access to each unit through the rear doors makes this an all-around fabulous investment.
HOA
$0/month
On market
10 days
Year built
1926
Property type
Multi-Family
Parking
4
MLS
PF21017925
Price / Sq.Ft.
$403 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,700,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$331/day
$0
Best
Flyhomes Guaranteed Offer
$8,500
- -
$8,500
Better
Discount Brokerage
$6,470
not offered
$6,470
Average
Traditional Brokerage
$0
not offered
$0
Variable
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Gas & Electric Dryer Hookup
•   
Appliances: Gas Oven, Gas Range, Gas Water Heater, Water Heater
•   
Has Appliances
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Average1 Bed Area: 1055
Fireplace Info
•   
Has Fireplaces
•   
Fireplace Details: Living Room
Interior Features
•   
Interior Features: 2 Staircases, Built-in Features, High Ceilings
•   
Window Features: Casement Windows
Heating & Cooling
•   
Has Heating
•   
Heating Details: Floor Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Wood
Interior Size
•   
Building Area Total: 4222.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Driveway Down Slope From Street, On Site
•   
Garage Spaces: 0.00
•   
Carport Spaces: 4.00
Property Features
•   
View: City Lights
•   
Fencing: Block, Wood
•   
Property Condition: Repairs Cosmetic
•   
Common Walls: 2+ Common Walls
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR2
•   
Roof: Flat
•   
Foundation Details: Raised
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: 2-5 Units/Acre
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1615
•   
Lot Size Area: 7035.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Type
•   
Architectural Style: Spanish
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
•   
Number Of Separate Gas Meters: 4
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Sewer Paid
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 408.00
•   
Laundry Income: 0.00
•   
Cap Rate: 4.96
•   
Total Actual Rent: 2341.00
•   
Trash Expense: 488.00
•   
New Taxes Expense: 19800.00
•   
Insurance Expense: 1750.00
•   
Pool Expense: 0.00
•   
Total Expenses: 35600.00
•   
Gross Scheduled Income: 120000.00
•   
Operating Expense: 35600.00
•   
Gross Multiplier: 14.10
•   
Rent Control Yn: 1
•   
Furniture Replacement Expense: 0.00
Tax/Assessment Info
•   
Gross Income: 120000.00
•   
Tax Year: 2019
•   
Taxes: 2320.0
Terms
•   
Exclusions: personal belongings owned by tenants
Lease Info
•   
Net Operating Income: 84400.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 0.00
•   
Cable Tv Expense: 0.00
Multi Unit Information
Multi Unit Information
•   
Number Wall Ac: 4
•   
Number With Refrigerator: 2
•   
# Of Units: 1
•   
Number Of Units Leased: 2
•   
Number With Range: 4
•   
Price Per Unit: 425000
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 4.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2341.00
•   
Unit 1 Total Rent: 2341.00
School Neighborhood & Directions
Location
•   
Community Features: Street Lights, Urban
School Info
•   
Directions: East of Echo Park Blvd. South of Scott, east side of Laveta Terrace
Other
Calculation
•   
Dom: 11
•   
Cdom: 11
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 11, 2021 9:07pm
Neighborhood snapshot
151
Properties for sale
14.5
Median days on market
$685.24
Median sold price/sqft
101.78%
Sold/List %
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Property History
03/22/2021
03/22/2021
Public Record
sold
Public Record
$1,774,000
+4.35%
03/22/2021
03/22/2021
CRMLS #PF21017925
sold
CRMLS #PF21017925
$1,700,000
02/13/2021
02/13/2021
CRMLS #PF21017925
pending
CRMLS #PF21017925
$1,700,000
02/02/2021
02/02/2021
CRMLS #PF21017925
active
CRMLS #PF21017925
$1,700,000
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