15 Large Non-Rent Controlled Units 1111-1121 Sunvue Pl 15 Unit Apartment Building $5,950,000 ($396,667/Unit) 5.11% Cap Rate Los Angeles, CA 90012

PRICED REDUCED BY OVER $300K!!! The Taksa Investment Group of RE/MAX Commercial & Investment Realty is pleased to present the sale of 1111 Sunvue Place, an exceptional multifamily asset nestled in the Echo Park neighborhood of Los Angeles. This distinctive hilltop property boasts fifteen spacious one, two, and three-bedroom townhouse-style units, each offering breathtaking skyline views of Downtown Los Angeles. Elevated above the city, the property encompasses 18,160 square feet of rentable area across four buildings, all situated on an 18,634 square foot LAR2 zoned corner lot accessible via both Sunvue Place and Bellevue Avenue. Initially constructed in 1992, this asset has been meticulously maintained and features private balconies, laundry facilities, and ample parking. The generously sized balconies provide abundant natural light, unobstructed city, and treetop views.
Residents of 1111 Sunvue Place enjoy convenient access to key transportation routes, including the 101 and 110 freeways, as well as a plethora of shopping, dining, and entertainment options along Sunset Boulevard, Downtown Los Angeles, Silver Lake, and Hollywood.