2738 Council Street

Los Angeles, CA 90026

$1,695,000
Last Sold Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Stabilized Fourplex at market rents conveniently located in the Filipinotown area of Echo Park, a neighborhood currently undergoing rapid gentrification. Built in 1963 and completed renovated in 2020, the complex offers a great mix with (one) 2 bedroom/2 bathroom unit, (one) 2 bedroom/1 bathroom unit and (two) 1 bedroom/1 bathroom units. Every unit has benefitted from a host of recent upgrades such as remodeled kitchens with new modern cabinetry, quartz counters, and new appliances, remodeled bathrooms...Stabilized Fourplex at market rents conveniently located in the Filipinotown area of Echo Park, a neighborhood currently undergoing rapid gentrification. Built in 1963 and completed renovated in 2020, the complex offers a great mix with (one) 2 bedroom/2 bathroom unit, (one) 2 bedroom/1 bathroom unit and (two) 1 bedroom/1 bathroom units. Every unit has benefitted from a host of recent upgrades such as remodeled kitchens with new modern cabinetry, quartz counters, and new appliances, remodeled bathrooms with new vanities, tubs, and toilets, in-unit laundry, new HVAC and electrical wiring, and more. Covered parking and an electronic gated entry add to tenant convenience and safety. Investors stand to benefit from the security of a rent roll with a fully leased building at market rents

Property Details for 2738 Council Street

Subdivision Name
Not Applicable
Garage Spaces
2.00
View
None

Location

Listing Courtesy of COMPASS, Ashrif Hammad, DRE #01700230; COMPASS, Michael Wu, DRE #01403896

Sold By Nourmand & Associates-HW, Brian Treitler, DRE #01986785

Add your commute
LISTING UPDATED: 06/02/2021 12:46 PM

Property Details for 2738 Council Street

StatusClosed
MLS #P1-3563
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.11 AC / 4,807 SF
CountyLos Angeles County

Location

Listing Courtesy of COMPASS, Ashrif Hammad, DRE #01700230; COMPASS, Michael Wu, DRE #01403896

Sold By Nourmand & Associates-HW, Brian Treitler, DRE #01986785

Add your commute

Building Information for 2738 Council Street

Stories-Residences-Year Built1963Building Size-Lot Size0.11 AC / 4,807 SF

Payment Calculator

$11,053 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,250

Property Taxes

$1,803

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2738 Council Street

Summary
Location and General Information
  • Accessibility Features: Parking
  • Community Features: Sidewalks
  • City: Los Angeles
  • Directions: North of Beverly Blvd and just East of Occidental Blvd
  • Area: C21 - Silver Lake - Echo Park
  • Postal Code Plus4: 4729
  • Unparsed Address: 2738 Council Street, Los Angeles, CA 90026
Parking
  • Parking Features: Attached Carport
Taxes and HOA Information
  • Association Fee: $.00
  • New Taxes Expense: $20,280.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers In Front, Sprinklers, Sprinklers Drip System
  • Lot Size Acres: .11
  • Lot Size Square Feet: 4,807.00
  • Lot Size Area: 4,807.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5156021010
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: Detached/No Common Walls
  • Documents Count: 0
  • Property Attached: No
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: Zoned
  • Cooling: Yes
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Wrought Iron
  • Pool Features: None
  • Pool Private: No
  • Pool: No
  • Roof: Composition
  • Security Features: Automatic Gate
  • Spa Features: None
  • Spa: No
Interior Features
  • Appliances: Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Water Line to Refrigerator
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl, Wood
  • Heating: Zoned
  • Heating: Yes
  • Laundry Features: Inside, Washer Included, Dryer Included
  • View: No
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $110,400.00
  • Net Operating Income: $83,751.00
  • Insurance Expense: $1,069.00
  • Maintenance Expense: $1,200.00
  • Number Of Buildings: 1
  • Number Of Units Leased: 4
  • Operating Expense: $200.00
  • Pest Control Expense: $300.00
  • Special Listing Conditions: Standard
  • Trash Expense: $2,400.00
Agent
Sale and Listing
  • Inclusions: All appliances stay and are landlords property
Rental
Rental Information
  • Rent Control: Yes

Property History for 2738 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 2738 Council Street

Taxable ValueLand$936,360Additions$827,118Total$1,763,478
Tax Record2023$21,638 ($1,803 / month)
Home Facts
Total Finished SqFt3,197 SqFtAbove Grade Finished SqFt3,197 SqFtLot Size4,807 SqFtStyleQuadraplexYear Built1963ZoningLARD1.5CountyLOS ANGELESAPN5156-021-010

Schools near 2738 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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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 COMPASS, Ashrif Hammad, DRE #01700230; COMPASS, Michael Wu, DRE #01403896

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.