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    1442 Laveta Terrace

    Echo Park, CA 90026
    • $1,700,000
    • STATUS: Active Under Contract
    • ON SITE: 28 days
    • ID#: PF21017925
    Under Contract
    UPDATED: 207 min ago
    $1,700,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,222
      SQFT
    • $403
      $/SQFT
    Neighborhood:
    671 - Silver Lake
    Type:
    Multi-Family
    Built:
    1926
    County:
    Los Angeles
    Area:
    671 - Silver Lake

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    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-03T15:19:28.863. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.

    www.propertycove.com/homes/113864802
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    1442 Laveta Terrace Echo Park, CA 90026

    • Price: $1,700,000
    • Status: Active Under Contract
    • Updated: 207 min ago
    • ID#: PF21017925
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,222
    SQFT
    $403
    $/SQFT
    1926
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    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.
    Exterior Features

    Architectural Style Spanish Carport Spaces 4.00 Fence YN Yes Fencing BlockWood Foundation Details Raised Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Units Square Feet Parking Features AssignedDriveway Down Slope From StreetOn Site Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat View City Lights View YN Yes

    Interior Features

    Appliances Gas OvenGas RangeGas Water HeaterWater Heater Appliances YN Yes Average Studio Area 0 Average Studio Area Units Square Feet Average1 Bed Area 1055 Average1 Bed Area Units Square Feet Average2 Bed Area 0 Average2 Bed Area Units Square Feet Average3 Bed Area 0 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Heating Floor Furnace Heating YN Yes Interior Features 2 StaircasesBuilt-In FeaturesHigh Ceilings Laundry Features Gas & Electric Dryer Hookup Levels Two Window Features Casement Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 4.96 Community Features Street LightsUrban Country Us Current Financing None Electric Expense 0.00 Elevation Units Feet Exclusions Personal Belongings Owned By Tenants Furniture Replacement Expense 0.00 Gross Income 120000.00 Gross Multiplier 14.10 Gross Scheduled Income 120000.00 Insurance Expense 1750.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Net Operating Income 84400.00 New Construction YN No New Taxes Expense 19800.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 2 Number Wall AC 4 Number With Dishwasher 0 Number With Range 4 Number With Refrigerator 2 Operating Expense 35600.00 Pool Expense 0.00 Property Condition Repairs Cosmetic Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Sewer Paid Special Listing Conditions StandardTrust Tenant Pays ElectricityGas Total Actual Rent 2341.00 Total Expenses 35600.00 Trash Expense 488.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 408.00 Water Source Public Year Built Source Public Records Zoning Lar2

    Listing provided courtesy of Nancy Marfisi of Sotheby's International Realty and Dan Marfisi of Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-03T15:19:28.863. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.

     
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