2733 Council Street

Los Angeles, CA 90026

$1,079,000
Price
5
Beds
4
Baths
2,486 Sq. Ft.
$434 / Sq. Ft.
2,486
Sq. Ft.
$434
per Sq. Ft.

Description

Huge price improvement! Welcome to 2733 Council Street A Great Opportunity to Own a Fantastic 4-plex (LARD1.5 Zoning) in Rampart Village, conveniently situated adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. Locals know the area as historic Filipino Town, recognized for its central location, cultural flair, shopping venues, casual restaurants, and its affordability, which is drawing the attention of many hopeful home buyers, investors, and developers alike. The multi-unit...Huge price improvement! Welcome to 2733 Council Street A Great Opportunity to Own a Fantastic 4-plex (LARD1.5 Zoning) in Rampart Village, conveniently situated adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. Locals know the area as historic Filipino Town, recognized for its central location, cultural flair, shopping venues, casual restaurants, and its affordability, which is drawing the attention of many hopeful home buyers, investors, and developers alike. The multi-unit income property consists of ONE 2 bed + 1 bath and THREE 1 bed + 1 bath units. All units will be delivered tenant occupied. Add value to your investment or development portfolio, the possibilities and upside potential abounds with unit turnover or converting carport into additional living space. Reach out today and I'll see you in esrow.
  1. Listed by Christie Thomas • DRE #01793080 • Brokerage DRE #01793080 • Coldwell Banker Champion Realty

Property Details for 2733 Council Street

Zoning
LARD1.5
Parcel Number
5156022020
Total Units
4.0
Living Area
2486
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
4801

Location

Listing Courtesy of Coldwell Banker Champion Realty, Christie Thomas, DRE #01793080
Add your commute
LISTING UPDATED: 04/17/2024 07:07 PM

Property Details for 2733 Council Street

StatusActive
MLS #23-325211
Days on Market175
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.11 AC / 4,801 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Champion Realty, Christie Thomas, DRE #01793080
Add your commute

Building Information for 2733 Council Street

Stories2Residences-Year Built1960Building Size-Lot Size0.11 AC / 4,801 SF

Payment Calculator

$6,160 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,889

Property Taxes

$271

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2733 Council Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: Rent Control, Trust/Conservatorship
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $52,296
  • Net Operating Income: $40,000.00
  • Gross Income: $52,296
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $22.50
  • Actual Annual Gross Rent: $52,296.00
  • Actual Gross Annual Income: $52,296
  • Owner Pays: Water
  • Total Annual Expense: 12296
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1102
  • Lot Size Square Feet: 4801
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 4
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s), Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall, Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Stall(s)
Lease Terms
Lease Terms
  • Entry Date: 11-07-2023
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,252.00
  • Unit Actual Rent: $1,252.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $844.00
  • Unit Actual Rent: $844.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $777.00
  • Unit Actual Rent: $777.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,485.00
  • Unit Actual Rent: $1,485.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $162,477.00
  • Assessed Improvement Percent: 69.57
  • Assessed Land Value: $71,073.00
  • Assessed Land Percent: 30.43
  • Assessed Total Value: $233,550.00

Property History for 2733 Council Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2733 Council Street

Taxable ValueLand$71,073Additions$162,477Total$233,550
Tax Record2023$3,248 ($271 / month)
Home Facts
Total Finished SqFt2,486 SqFtAbove Grade Finished SqFt2,486 SqFtLot Size4,801 SqFtStyleQuadraplexYear Built1960ZoningLARD1.5CountyLOS ANGELESAPN5156-022-020

Schools near 2733 Council Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lake Street Primary School
PublicK to 1

Rosemont Avenue Elementary School
Public2 to 5

Virgil Middle School
Public6 to 8

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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2733 Council Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on November 7, 2023 by Coldwell Banker Champion Realty, it's currently listed at $1,079,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Lake Street Primary School, Rosemont Avenue Elementary School and Virgil Middle School. 2733 Council Street is a 5-bed, 4-bath, 2,486 sqft multi-family home built in 1960.

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 Coldwell Banker Champion Realty, Christie Thomas, DRE #01793080

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.