11 months on rocket

1525 Cortez St, Los Angeles, CA, 90026

$850,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1525 Cortez St, Los Angeles$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1914
MLS #DW23222078
Lot Size0.11 Acres
StatusActive

About 1525 Cortez St

Detached Duplex, and investment opportunity with lots of potential in prime location near Echo Park/Silverlake , minutes to historic Echo Park Lake, and adjacent to DTLA. Front Home is perched up stairs with city lights view and it is a craftsman, 2 bedroom 1 and 1/2 baths approximately 1,150sqft and, rear detached unit is 3 bedrooms, 2 baths, approximately 1,597 sqft. Both units are fixers and as such priced to sell. Fully leased with room for upside, with great paying tenants. Street parking only.

Property Details

Property Features

Property Information:

  • Year Built: 1914
  • Stories: 1

Listing Office:

  • Office Name: Lee & Associates Los Angeles
  • Office Phone: (323) 702-3850
  • Listing Agent: Melanie Guillen

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: Cross Streets Temple and Cortez

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000

Tax Information:

  • Annual Amount: $2,055
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1525 Cortez St vs Los Angeles

336 DAYS ON ROCKET

+298 Days

$850,000

-$171.5K Less

KEY TAKEAWAY

This property is $171.5K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #DW23222078

Listing Office:

  • Office Name: Lee & Associates Los Angeles
  • Office Phone: (323) 702-3850
  • Listing Agent: Melanie Guillen

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,055$150,087
2020$1,999$148,549
2019$1,922$145,637
2018$1,885$142,782
2017$1,885$139,983

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4443878
4
/10

  • Betty Plasencia Elementary

  • 1321 Cortez St

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-4443879
4
/10

  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-4443880
4
/10

  • Rosemont Avenue Elementary

  • 421 Rosemont Ave

  • 0.64 miles

  • Public District Grades 2-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,802. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90026›1525 Cortez St

This home is located at 1525 Cortez St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This home, which was built in 1914, sits on a 0.11 acre lot. It has been listed on Rocket Homes since January 17, 2024 and is currently priced at $850,000.

Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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