2733 Council Street

Los Angeles, CA 90026

$918,900
Price
5
Beds
4
Baths
2,486 Sq. Ft.
$370 / Sq. Ft.
2,486
Sq. Ft.
$370
per Sq. Ft.

Description

Discover the investment potential of 2733 Council Street, a fully occupied 4-plex nestled in the heart of vibrant Historic Filipino Town, adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. This property offers a compelling blend of stable income and significant growth potential. Ideal for savvy investors and developers. The unit mix comprises one 2-bedroom and three 1-bedroom units, all occupied by longer-term tenants providing a reliable income flow. With current rents,...Discover the investment potential of 2733 Council Street, a fully occupied 4-plex nestled in the heart of vibrant Historic Filipino Town, adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. This property offers a compelling blend of stable income and significant growth potential. Ideal for savvy investors and developers. The unit mix comprises one 2-bedroom and three 1-bedroom units, all occupied by longer-term tenants providing a reliable income flow. With current rents, there is substantial opportunity to increase revenue upon unit turnover, relocation, or development, within the constraints of the LA City RSO. This property is perfect for portfolio diversification or as a strategic 1031 exchange. The ease of managing this property, with no immediate need for significant upgrades, makes it a low maintenance investment. Proximity to major attractions and thoroughfares enhances tenant appeal and supports sustained rental demand. Engage with this stable, income-producing property today and secure your foothold in one of LA's burgeoning neighborhoods.

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: 05/09/2024 12:01 AM

Property Details for 2733 Council Street

StatusActive
MLS #24-385691
Days on Market19
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

$5,286 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,015

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: $0
  • Net Operating Income: $.00
  • Gross Income: $54,384
  • Gross Rent Multiplier: $.00
  • Owner Pays: Water
  • Total Annual Expense: 12308
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: 05-02-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,544.00
  • Unit Actual Rent: $1,544.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,302.00
  • Unit Actual Rent: $1,302.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $878.00
  • Unit Actual Rent: $878.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $808.00
  • Unit Actual Rent: $808.00
  • 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.

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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 May 1, 2024 by Coldwell Banker Champion Realty, it's currently listed at $918,900. 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.