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Turnkey Furnished Bungalows & Townhomes 1236 W Sunset Blvd 8 Unit Apartment Building $3,130,000 ($391,250/Unit) 6.27% Cap Rate Los Angeles, CA 90026
INVESTMENT HIGHLIGHTS
- Ownership completed an extensive interior and exterior renovation across both properties, that includes upgraded building systems & more
- Units are typically offered furnished but have also been rented as partially furnished, and unfurnished, mitigating the reliance on furnished premiums
- Located in a highly desirable pocket of Echo Park. With a Walk Score of 87 (‘Very Walkable’), most errands can be accomplished on foot
- The portfolio includes fully furnished bungalow-style apartments and 2–4 bedroom townhomes designed with high-end curated interiors
- Sunset enjoys no shared walls (6 out of 8 units), offering enhanced privacy, quiet living, and a rare sense of independence
- Both properties include on-site parking—an uncommon amenity in this walkable Echo Park location—offering added tenant convenience and value
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap is pleased to present 908–916 Everett Street and 1236 West Sunset Boulevard, two fully renovated multifamily assets totaling 20 units in the heart of Echo Park, one of Los Angeles’ most sought-after submarkets. Both properties offer turnkey, furnished housing with strong in-place cash flow and additional upside through continued branding and operational optimization.
Each property has been completely re-constructed through a “down to the studs” renovation that includes upgraded building systems, fully modernized interiors, new landscaping, outdoor decks and communal spaces, and a refreshed exterior aesthetic. The portfolio features a mix of charming bungalow-style apartments and 2–4-bedroom townhomes, designed with high-end curated interiors and flexible lease structures. The larger townhome layouts are particularly well-suited for per-bedroom rentals, allowing owners to capture rent premiums.
Fully furnished units include premium SMEG appliances, designer finishes, in-unit laundry, and curated interiors. Flexible lease terms and bundled utilities make the offering especially appealing to young professionals and creative tenants seeking high-quality, hassle-free living.
Together, the properties provide investors with a stabilized, cash-flowing portfolio with operational upside through management efficiencies and lease-up of remaining vacancy. 908–916 Everett includes two newly constructed townhome-style ADUs completed in 2021, as well as secured on-site parking. Amenities include rooftop decks, private outdoor spaces, and gated parking.
With irreplaceable locations near Sunset Boulevard, limited new supply, and growing demand for flexible furnished housing, Everett and Sunset offer investors a rare opportunity to acquire turnkey assets with high yield potential, operational scalability, and long-term growth.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
THE PROPERTIES MAY BE PURCHASED INDIVIDUALLY OR AS A PORTFOLIO
Each property has been completely re-constructed through a “down to the studs” renovation that includes upgraded building systems, fully modernized interiors, new landscaping, outdoor decks and communal spaces, and a refreshed exterior aesthetic. The portfolio features a mix of charming bungalow-style apartments and 2–4-bedroom townhomes, designed with high-end curated interiors and flexible lease structures. The larger townhome layouts are particularly well-suited for per-bedroom rentals, allowing owners to capture rent premiums.
Fully furnished units include premium SMEG appliances, designer finishes, in-unit laundry, and curated interiors. Flexible lease terms and bundled utilities make the offering especially appealing to young professionals and creative tenants seeking high-quality, hassle-free living.
Together, the properties provide investors with a stabilized, cash-flowing portfolio with operational upside through management efficiencies and lease-up of remaining vacancy. 908–916 Everett includes two newly constructed townhome-style ADUs completed in 2021, as well as secured on-site parking. Amenities include rooftop decks, private outdoor spaces, and gated parking.
With irreplaceable locations near Sunset Boulevard, limited new supply, and growing demand for flexible furnished housing, Everett and Sunset offer investors a rare opportunity to acquire turnkey assets with high yield potential, operational scalability, and long-term growth.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
THE PROPERTIES MAY BE PURCHASED INDIVIDUALLY OR AS A PORTFOLIO
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $3,130,000 | Property Subtype | Apartment |
| Price Per Unit | $391,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.27% | Building Size | 3,714 SF |
| Gross Rent Multiplier | 10.43 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1922 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Zoning | LAC2 | ||
| Price | $3,130,000 |
| Price Per Unit | $391,250 |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| Gross Rent Multiplier | 10.43 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,714 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | LAC2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 260 - 450 |
| 2+1 | 2 | - | 300 - 450 |
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Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 5405-023-021 | Improvements Assessment | $1,044,524 |
| Land Assessment | $1,392,699 | Total Assessment | $2,437,223 |
PROPERTY TAXES
Parcel Number
5405-023-021
Land Assessment
$1,392,699
Improvements Assessment
$1,044,524
Total Assessment
$2,437,223
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Turnkey Furnished Bungalows & Townhomes | 1236 W Sunset Blvd
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