1501 Scott Avenue

Los Angeles, CA 90026

$1,360,000
Last Sold Price
5
Beds
4
Baths
3,488 Sq. Ft.
$390 / Sq. Ft.
3,488
Sq. Ft.
$390
per Sq. Ft.

Description

Character Echo Park triplex on a large corner lot with gorgeous views! This property consists of two structures - a detached 2 bedroom, 2 bathroom house (built in 1955, on Parmer Ave) and a duplex with one 2 bedroom, 1 bathroom unit and one 1 bedroom, 1 bathroom unit (built in 1906, on Scott Ave). Both 2-bedroom units have a bonus room which could be used as a den, office, or bedroom. Units have driveway parking, private outdoor patios, and basement storage space. Located in a trendy neighborhood...Character Echo Park triplex on a large corner lot with gorgeous views! This property consists of two structures - a detached 2 bedroom, 2 bathroom house (built in 1955, on Parmer Ave) and a duplex with one 2 bedroom, 1 bathroom unit and one 1 bedroom, 1 bathroom unit (built in 1906, on Scott Ave). Both 2-bedroom units have a bonus room which could be used as a den, office, or bedroom. Units have driveway parking, private outdoor patios, and basement storage space. Located in a trendy neighborhood of mostly single-family homes, this triplex is near such hot spots as Bacetti, Spirit House, Little Joy Bar and Echo Park Lake. LARD2 zoning may allow for an additional unit. Buyer to investigate. The one bedroom unit is currently vacant and ready for an owner to move in or rent at market rate. Investor's Offering Memorandum available in Document section or by request. Beautiful details include hardwood floors, coved ceilings, arched doorways, and ornate brass door hardware. A true gem!
  1. Listed by Naomi Selick • DRE #01908101 • Brokerage DRE #01883938 • Douglas Elliman

Property Details for 1501 Scott Avenue

Zoning
LARD2
Parcel Number
5419014026
Total Units
3.0
Living Area
3488
Source Living Area
Assessor
Area
Silver Lake (671)
Vacancy Rate
1 unit
Lot Size Area
8222

Location

Listing Courtesy of Douglas Elliman, Naomi Selick, DRE #01908101

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 08/03/2023 07:48 AM

Property Details for 1501 Scott Avenue

StatusSold
MLS #23-275423
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.19 AC / 8,222 SF
CountyLos Angeles County

Location

Listing Courtesy of Douglas Elliman, Naomi Selick, DRE #01908101

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 1501 Scott Avenue

Stories2Residences-Year Built1906Building Size-Lot Size0.19 AC / 8,222 SF

Payment Calculator

$7,562 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,422

Property Taxes

$140

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1501 Scott Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,400
  • Net Operating Income: $65,129.00
  • Gross Income: $86,400
  • Cap Rate: 4.65%
  • Gross Rent Multiplier: $16.20
  • Total Annual Expense: 21271
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1888
  • Lot Size Square Feet: 8222
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 3
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Floor Furnace, Forced Air
  • Heating Type: Floor Furnace, Forced Air
  • Flooring: Hardwood, Laminate
  • Equipment: Other
  • Laundry: In Unit, Room, Inside
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-01-2023
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $57,263.00
  • Assessed Improvement Percent: 63.27
  • Assessed Land Value: $33,238.00
  • Assessed Land Percent: 36.73
  • Assessed Total Value: $90,501.00

Property History for 1501 Scott Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1501 Scott Avenue

Taxable ValueLand$33,902Additions$58,408Total$92,310
Tax Record2023$1,678 ($140 / month)
Home Facts
Total Finished SqFt3,488 SqFtAbove Grade Finished SqFt3,488 SqFtLot Size8,228 SqFtStyleTriplexYear Built1906ZoningLARD2CountyLOS ANGELESAPN5419-014-026

Schools near 1501 Scott Avenue

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman, Naomi Selick, DRE #01908101

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.