1314 W Cannon Drive, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 4 bath

1314 W Cannon Drive, Los Angeles, California 90026 home-pic-0
ACTIVE$1,575,000
1314 W Cannon Drive, Los Angeles, California 90026
3Beds
4Baths
2,127Sqft
1,625Lot
Year Built
2025
Close
-
List price
$1.57M
Original List price
$1.57M
Price/Sqft
$740
HOA
$350
Days on market
-
Sold On
-
MLS number
NP25093660
Home ConditionExcellent
Features
Excellent View: City Lights
Patio
ViewCity Lights

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $1.57M(51th), sqft - 2127(72th), beds - 3(50th), baths - 4(85th).

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, and is described as having 'high-end modern finishes and meticulous attention to detail.' The images confirm this with sleek, open-concept kitchens featuring modern flat-panel cabinetry, quartz countertops, and stainless steel appliances. Bathrooms are equally modern with contemporary vanities, vessel sinks, glass-enclosed showers, and stylish fixtures. The entire home boasts consistent light wood-look flooring, recessed lighting, and modern pendant fixtures, indicating virtually new components and no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this property offers modern design, high-end finishes, and impeccable construction, ensuring minimal immediate maintenance and contemporary living standards.
Exceptional Echo Park Location: Nestled in a vibrant and trendy neighborhood, the property provides immediate access to iconic landmarks like Echo Park Lake, Dodger Stadium, and diverse dining, shopping, and nightlife options.
Generous & Functional Layout: With 2,127 sq ft of living space, 3 bedrooms, 3.5 bathrooms, an open-concept kitchen, and private balconies, the home is well-suited for modern lifestyles and entertaining.
Attached 2-Car Garage: The inclusion of an attached 2-car garage is a significant convenience and value proposition in a dense urban area like Echo Park, offering secure and private parking.
Desirable Views & Outdoor Space: The property boasts city lights views, with select homes also featuring private rooftop decks, enhancing lifestyle and entertainment opportunities.

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 = 1625, living area = 2127.
Limited Private Outdoor Space: The 1,625 sq ft lot size is relatively small for a single-family residence, offering minimal private yard or garden area.
Monthly HOA Fees: A $350.00 monthly association fee for a property classified as a single-family residence adds to recurring costs and implies shared community responsibilities, which may not appeal to all SFR buyers.
Potential Overpricing: The listing price is 2% above the current property estimation value, suggesting it may be priced slightly high relative to market analytics.

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