1121-1123 Echo Park Ave | Los Angeles, CA 90026
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- LoopNet Team
1121-1123 Echo Park Ave
Los Angeles, CA 90026
Low Price/SF | 14.9 GRM | 4.69% CAP · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Outstanding Echo Park Location - Just One Parcel Away from Echo Park Lake, with Sunset Boulevard Only One Block North
- Spacious Floorplans -- Approximately 9,798 Square Feet Spread Over Nine Units
- Excellent Unit Mix -- Almost Entirely Two Bedroom Units
- Attractive 4.69% CAP Rate Based on Current Income and Expenses
- Situated in Prime Echo Park -- A Gentrifying Neighborhood Filled with Trendy Eateries and Eclectic Boutiques
- Available Below $395 per Square Foot, When Similar Properties Have Sold for More Than $600 per Square Foot
Property Facts
| No. Units | 9 | Building Size | 9,798 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1916/1917 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | LAR3 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 9,798 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1916/1917 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Bay Window
- Ceiling Fans
- Hardwood Floors
- Deck
Site Amenities
- Fenced Lot
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,395 | 700 |
| 2+1 | 7 | $2,202 | 1,050 - 1,250 |
| 2+2 | 1 | $2,670 | 1,075 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,750,992 | |
| Land Assessment | $2,292,208 | Total Assessment | $4,043,200 |
Property Taxes
Parcel Numbers
Land Assessment
$2,292,208
Improvements Assessment
$1,750,992
Total Assessment
$4,043,200
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