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1259 Vin Scully Ave
Los Angeles, CA 90026
5-Units in Prime Echo Park | Value-Add · Multifamily Property For Sale
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5 Units
Investment Highlights
- There is 133 percent remaining rental upside through interior renovations
- Being offered for sale at an extremely attractive basis of $191,600 per unit
- The 2028 Summer Games are expected to boost LA’s real estate market through major infrastructure, neighborhood, and venue upgrades
- Prime Echo Park location with convenient access to jobs, retail, nightlife, and entertainment in Echo Park, Silver Lake, and Downtown LA
- A favorable unit-mix, offering one, two and three bedroom units
- Part of a two-building portfolio including the adjacent property; available individually or as a portfolio acquisition
Property Facts
| No. Units | 5 | Building Size | 3,417 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.17/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LAR4 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,417 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 - 850 |
| 2+1 | 2 | - | 900 - 1,000 |
| 3+1 | 1 | - | 1,200 - 1,300 |
Property Taxes
| Parcel Number | 5406-012-028 | Improvements Assessment | $530,604 |
| Land Assessment | $795,906 | Total Assessment | $1,326,510 |
Property Taxes
Parcel Number
5406-012-028
Land Assessment
$795,906
Improvements Assessment
$530,604
Total Assessment
$1,326,510
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