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1320 W Cannon Drive, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 4 bath

1320 W Cannon Drive, Los Angeles, California 90026 home-pic-0
ACTIVE$1,450,000
1320 W Cannon Drive, Los Angeles, California 90026
3Beds
4Baths
2,127Sqft
1,408Lot

Price Vs. Estimate

The estimated value ($1,450,000) is $0 (0%) lower than the list price ($1,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: The property is part of an exclusive collection of new homes built in 2025, featuring modern design, high-end finishes, and meticulous attention to detail, ensuring contemporary style and peace of mind.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1408, living area = 2127.

Compared to the nearby listings

Price:$1.45M vs avg $1.53M ($-82,500)44%
Size:2,127 sqft vs avg 1,621.5 sqft72%
Price/sqft:$682 vs avg $99120%

More Insights

Built in 2025 (0 years old).
Condition: This property is a brand-new construction, built in 2025, as explicitly stated in the listing. The description highlights 'stunning new homes' with 'high-end modern finishes and meticulous attention to detail.' The images confirm this, showcasing contemporary design throughout. The kitchens feature sleek flat-panel cabinetry, new stainless steel appliances, quartz countertops, and modern pendant lighting. Bathrooms are equally modern with stylish vanities, contemporary fixtures, and glass-enclosed showers. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Year Built
2025
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$682
HOA
$350
Days on market
-
Sold On
-
MLS number
NP25093642
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
ViewCity Lights

About this home

Only 8 Homes Left — Now Offering a Limited-Time Buydown Incentive! Welcome to Terraza, an exclusive collection of 10 stunning new homes in the heart of Echo Park, Los Angeles. Thoughtfully designed and impeccably built, these modern residences offer the perfect fusion of style, comfort, and convenience in one of LA’s most sought-after neighborhoods. Each spacious home features 3 bedrooms and 3.5 bathrooms, an attached 2-car garage, a sleek and open-concept kitchen, and private balconies—all adorned with high-end modern finishes and meticulous attention to detail. Select homes also boast rooftop decks with breathtaking views of Downtown LA, perfect for entertaining or unwinding in style. With two floor plan options available, 2 homes offer 1,983 sq ft, while the remaining 8 homes provide a generous 2,127 sq ft of living space. Nestled in the vibrant and trendy Echo Park neighborhood, Terraza places you just steps away from iconic hotspots like Echo Park Lake, Elysian Park, Dodger Stadium, and the bustling energy of Sunset Boulevard. Indulge in some of LA’s best restaurants, cafés, boutiques, and nightlife, all just minutes from your doorstep. Don’t miss your chance to own a piece of this dynamic and diverse community!

Condition Rating
Excellent
This property is a brand-new construction, built in 2025, as explicitly stated in the listing. The description highlights 'stunning new homes' with 'high-end modern finishes and meticulous attention to detail.' The images confirm this, showcasing contemporary design throughout. The kitchens feature sleek flat-panel cabinetry, new stainless steel appliances, quartz countertops, and modern pendant lighting. Bathrooms are equally modern with stylish vanities, contemporary fixtures, and glass-enclosed showers. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Modern Design: The property is part of an exclusive collection of new homes built in 2025, featuring modern design, high-end finishes, and meticulous attention to detail, ensuring contemporary style and peace of mind.
Prime Echo Park Location: Nestled in the vibrant and trendy Echo Park neighborhood, it offers convenient access to iconic hotspots like Echo Park Lake, Dodger Stadium, and the bustling energy of Sunset Boulevard's amenities.
Rooftop Decks with City Views: Select homes offer breathtaking rooftop decks with views of Downtown LA, providing exceptional spaces for entertaining and relaxation, complemented by the property's city lights view.
Spacious & Functional Layout: With a generous 2,127 sq ft, 3 bedrooms, 3.5 bathrooms, an open-concept kitchen, private balconies, and an attached 2-car garage, the homes are designed for comfortable modern living.
Attractive Buydown Incentive: A limited-time buydown incentive is offered, presenting a significant financial advantage for potential buyers, especially in the current market.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1408, living area = 2127.
High Monthly Association Fee: The $350 monthly association fee adds a notable recurring expense to homeownership, which could impact long-term affordability.
Limited Private Outdoor Space: The compact 1,408 sq ft lot size suggests minimal private outdoor space beyond balconies and potential rooftop decks, potentially lacking a traditional yard for some buyers.
Future Occupancy: With an on-market date of April 29, 2025, the property is likely still under construction or in a pre-sale phase, meaning immediate move-in is not an option for buyers seeking quick occupancy.

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