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1605 Council St, Los Angeles, CA 90026

Sale Price: $605,000
Aug 11, 20241,281 sqft3 beds2 baths
Listed by: Johnhenry Cabeso
License #: 02057255
Phone #: 310-938-6349
Compass
Source:
CRMLS Logo
MLS #: 24425261

Property Description

Calling all investor/developers and savvy owner-users. Introducing a prime opportunity in one of LA's flourishing corridors of eats, drinks and cultural heritage, Historic Filipinotown affectionately referred to as HiFi. Located on a corner/iron-shaped 4,205 sq. ft. lot, 1605 Council presents an exceptional chance to create a personalized haven in a rapidly-appreciating neighborhood with a surge of development. The existing California Bungalow-style structure offers 3 bed and 2 baths, 1281 square feet of living space a blank canvas for a reimagined single-family home or potentially a redevelopment opportunity utilizing the LAR-1.5 Zoning to its capacity. The surrounding area is known for its convenience and blossoming community, with easy access to well-known local restaurants, cafes and bars: Gra + Park's Finest + Woon, Tribal Cafe + Clark Street and Thunderbolt + 1642 Wine Bar. This property's prime location provides a smart investment opportunity for those with a keen eye for potential. Take advantage of this chance to transform the property into a one-of-a-kind gem in what TimeOut dubs as one of the "50 Coolest Neighborhoods in the World."
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,872

TurboHome Estimated Value

$661,900

$517 sqft

High Valuation
$694,995
$543/sqft
Normal Valuation
$661,900
$517/sqft
Low Valuation
$628,805
$491/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$517/sqft$661,900

Neighborhood: Westlake

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Comparative Value

$605K

$670K

$700K

$755K

$799K

$855K

1605 Council St, Los Angeles, CA 90026

Sale Price: $605,000

Selected Comparable

2751 Hyans St, Los Angeles, CA 90026

Sale Price: $670,000

Selected Comparable

2743 Hyans St, Los Angeles, CA 90026

Sale Price: $700,000

Selected Comparable

358 Patton St, Los Angeles, CA 90026

Sale Price: $755,000

Selected Comparable

1605 Council St, Los Angeles, CA 90026

List Price: $799,000

Subject Property

1100 Wilshire Blvd 2406, Los Angeles, CA 90017

Sale Price: $854,500

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1605 Council St, Los Angeles, CA 90026

1605 Council St, Los Angeles, CA 90026

List: $799,000

Listed: 8/11/2024

Area:1,281 sqft
Price/sqft:$624
Beds:3
Baths:2
Year Built:
Lot Size:4,205

Comparable Properties

COMPARABLE
Choose comps
1605 Council St, Los Angeles, CA 90026

1605 Council St, Los Angeles, CA 90026

Sale: $605,000

11/8/20240.00 mi

Area:1,281 sqft
Price/sqft:$472
Beds:3
Baths:2
Year Built:
Weight:24.5%
2751 Hyans St, Los Angeles, CA 90026

2751 Hyans St, Los Angeles, CA 90026

Sale: $670,000

11/18/20240.95 mi

Area:1,124 sqft
Price/sqft:$596
Beds:3
Baths:2
Year Built:
Weight:20.5%
358 Patton St, Los Angeles, CA 90026

358 Patton St, Los Angeles, CA 90026

Sale: $755,000

10/4/20240.31 mi

Area:1,318 sqft
Price/sqft:$573
Beds:4
Baths:2
Year Built:
Weight:19.1%
2743 Hyans St, Los Angeles, CA 90026

2743 Hyans St, Los Angeles, CA 90026

Sale: $700,000

11/18/20240.94 mi

Area:1,265 sqft
Price/sqft:$553
Beds:4
Baths:2
Year Built:
Weight:18.2%
1100 Wilshire Blvd 2406, Los Angeles, CA 90017

1100 Wilshire Blvd 2406, Los Angeles, CA 90017

Sale: $854,500

12/16/20240.95 mi

Area:1,340 sqft
Price/sqft:$638
Beds:2
Baths:2
Year Built:
Weight:17.7%

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