A Rare Gem in Echo Park - Exceptional Investment Opportunity!Discover the hidden potential of this residential income opportunity, nestled in the heart of Echo Park. This property offers an extraordinary opportunity for astute investors or those seeking to transform a classic structure into something truly remarkable. With ample space, it presents the perfect canvas for modern updates and creative enhancements.Each one of the income properties boasts generous interiors with flexible layouts, inviting the possibility of contemporary redesigns tailored to meet today's living standards. From original finishes, this building is primed for those with a vision to bring it to its fullest potential.The property features a quaint outdoor space, ideal for creating a charming garden oasis or a welcoming communal area for future residents to enjoy. With strategic improvements, there is immense potential to increase rental income and significantly boost property value.Located in one of Echo Park's most dynamic and evolving neighborhoods, this investment opportunity is as much about lifestyle as it is about financial growth. The area's eclectic culture, burgeoning dining scene, and proximity to downtown LA make this building a standout choice for those looking to capitalize on its superb location.Seize the chance to turn this diamond in the rough into a polished gem - the possibilities are endless.
Sold for $830,000 on 02/06/25
Listing Provided by:
Grace Lindgren DRE #01379316 gracelindgren1@gmail.com,
Sotheby's International Realty
Bought with: Sotheby's International Realty
$830,000
1724 Clinton St, Los Angeles, CA 90026
5beds
4baths
2,432sqft
Multi Family
Built in 1906
-- sqft lot
$1,342,300 Zestimate®
$341/sqft
$3,721 Estimated rent
Home value
$1,342,300
$1.13M - $1.58M
$3,721/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 06, 2025 at 12:28pm
Listing Provided by:
Grace Lindgren DRE #01379316 gracelindgren1@gmail.com,
Sotheby's International Realty
Bought with:
Grace Lindgren, DRE #01379316
Sotheby's International Realty
Source: CRMLS,MLS#: V1-25982
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Bedroom
- Features: All Bedrooms Up
Bedroom
- Features: All Bedrooms Down
Heating
- Floor Furnace
Cooling
- None
Appliances
- Included: Free-Standing Range, Gas Range, Range Hood, Tankless Water Heater
- Laundry: Common Area, Laundry Room
Features
- Beamed Ceilings, Balcony, Coffered Ceiling(s), High Ceilings, All Bedrooms Up, All Bedrooms Down
- Flooring: Carpet, Vinyl, Wood
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,432
- Total interior livable area: 2,432 sqft
Property
Parking
- Total spaces: 3
- Parking features: Door-Multi, Door-Single, Garage
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: First and second floor
- Patio & porch: Balcony
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
Lot
- Size: 5,606 sqft
- Features: Sprinklers None
Details
- Parcel number: 5404010007
- Zoning: LARD2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Materials
- Foundation: Brick/Mortar, Raised
- Roof: Shingle
Condition
- Fixer,Repairs Cosmetic
- Year built: 1906
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Community
- Community features: Sidewalks
Location
- Region: Los Angeles
- Subdivision: Not Applicable
Other
Other facts
- Listing terms: Cash,Submit
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2025 | Sold | $830,000-30.8%$341/sqft |
Source:  CRMLS #V1-25982 | ||
| 1/7/2025 | Contingent | $1,199,000$493/sqft |
Source: CRMLS #V1-25982 | ||
| 12/3/2024 | Price change | $1,199,000-7.7%$493/sqft |
Source: CRMLS #V1-25982 | ||
| 9/30/2024 | Listed for sale | $1,299,000+30.6%$534/sqft |
Source: CRMLS #V1-25982 | ||
| 8/30/2024 | Listing removed | $995,000$409/sqft |
Source:  CLAW #24-425527 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,277 +1.1% | $1,337,121 +2% |
| 2024 | $16,098 +2% | $1,310,904 +2% |
| 2023 | $15,786 +4.1% | $1,285,200 +785.8% |
Find assessor info on the county website
Neighborhood: Echo Park
Nearby schools
GreatSchools rating
- 5/10Camino Nuevo Sandra CisnerosGrades: K-8Distance: 0.3 mi
- 4/10Belmont Senior High SchoolGrades: 9-12Distance: 0.7 mi
- 6/10Edward R. Roybal Learning CenterGrades: 9-12Distance: 0.9 mi
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Estimated market value
$1,342,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,342,300