1519 Morton Terrace, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
ACTIVE$850,000
1519 Morton Terrace, Los Angeles, California 90026
2Beds
1Bath
620Sqft
1,625Lot
Price Vs. Estimate
The estimated value ($629,213.185) is $220,786.815 (25%) lower than the list price ($850,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Echo Park Location: Situated in the vibrant heart of Echo Park, adjacent to Elysian Park, on a secluded street with excellent walkability to local amenities and convenient freeway access.
Top Cons:
Compact Living Space: With only 620 sqft, the property offers limited interior living area, which may not suit all buyer needs.
Compared to the nearby listings
Price:$850.0K vs avg $1.53M ($-682,500)9%
Size:620 sqft vs avg 1,590 sqft5%
Price/sqft:$1.4K vs avg $99290%
More Insights
Built in 1914 (111 years old).
Condition: Despite being built in 1914, the property has undergone extensive recent renovations, including a fully remodeled kitchen with modern white shaker cabinets, stainless steel appliances, and dark countertops, and a completely updated bathroom with a floating vanity, subway tile shower, and contemporary fixtures. Key infrastructure upgrades like a new 200 amp electrical panel and newly installed central heating and air conditioning further contribute to its excellent condition. The flooring, paint, and light fixtures throughout also appear new and modern, indicating minimal physical depreciation and meeting current quality standards.
Year Built
1914
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$1,371
HOA
-
Days on market
-
Sold On
-
MLS number
25545043
Home ConditionExcellent
Features
Patio
View-
About this home
In the heart of Echo Park, at the edge of Elysian Park, on a secluded street, you will find this adorable 2 bedroom, 1 bath bungalow. Sip your morning coffee in the private and peaceful backyard, enveloped in blooming foliage, or relax on your front porch and enjoy the quiet. Inside, the large picture window floods the space with natural light making the space feel much larger than it is. Upgrades include a recently remodeled kitchen and bathroom, 200 amp electrical panel, and newly installed central heating and air conditioning. The detached shed houses the washer/dryer and provides additional storage. An incredibly sweet condo alternative in a prime location. There is parking for one car, easy access to freeways and all that thriving Echo Park has to offer such as, Cook Book, Canyon Coffee, Bacetti,Valerie, and Elysian Park.
Nearby schools
3/10
Elysian Heights Elementary School
Public,•K-6•0.4mi
8/10
Clifford Street Elementary School
Public,•K-6•0.5mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.8mi
7/10
Dorris Place Elementary School
Public,•K-6•1.0mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.2mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.2mi
8/10
Allesandro Elementary School
Public,•K-6•1.2mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.3mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.4mi
6/10
Castelar Street Elementary School
Public,•K-5•1.5mi
/10
Lake Street Primary School
Public,•K-1•1.5mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.8mi
2/10
Logan Street Elementary School
Public,•K-8•0.5mi
3/10
Sal Castro Middle School
Public,•6-8•1.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.9mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.9mi
5/10
Virgil Middle School
Public,•6-8•2.4mi
6/10
Irving STEAM Magnet
Public,•6-8•2.5mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
09/16/22
Sold
$826,500
05/17/13
Sold
$324,500
Condition Rating
Excellent
Despite being built in 1914, the property has undergone extensive recent renovations, including a fully remodeled kitchen with modern white shaker cabinets, stainless steel appliances, and dark countertops, and a completely updated bathroom with a floating vanity, subway tile shower, and contemporary fixtures. Key infrastructure upgrades like a new 200 amp electrical panel and newly installed central heating and air conditioning further contribute to its excellent condition. The flooring, paint, and light fixtures throughout also appear new and modern, indicating minimal physical depreciation and meeting current quality standards.
Pros & Cons
Pros
Prime Echo Park Location: Situated in the vibrant heart of Echo Park, adjacent to Elysian Park, on a secluded street with excellent walkability to local amenities and convenient freeway access.
Extensive Recent Upgrades: Features a recently remodeled kitchen and bathroom, a new 200 amp electrical panel, and newly installed central heating and air conditioning, minimizing immediate maintenance needs.
Charming Outdoor Living: Offers a private, peaceful backyard enveloped in foliage and a welcoming front porch, providing desirable outdoor relaxation spaces.
Abundant Natural Light: A large picture window enhances the interior with natural light, creating a brighter and more spacious feel despite its compact size.
Historic Bungalow Charm: An adorable 1914 bungalow offering unique character and an appealing alternative to a condo in a sought-after neighborhood.
Cons
Compact Living Space: With only 620 sqft, the property offers limited interior living area, which may not suit all buyer needs.
Restricted Parking: Provides parking for only one car, a potential challenge in a dense urban environment like Los Angeles.
Aggressive Pricing Strategy: The current list price of $850,000 appears ambitious given the property's size and the provided estimation value of approximately $629,000, potentially limiting buyer interest.