1314 Sutherland St | Los Angeles, CA 90026
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- LoopNet Team
1314 Sutherland St
Los Angeles, CA 90026
Sutherland Echo Park | 6.26% Cap, 8.49 GRM · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Phenomenal Echo Park Location, Situated North of Sunset Blvd and Near Dodgers Stadium
- Cash Flowing Asset: Strong Cash Flow Day 1 with Immediate Upside Potential
- On-Site Laundry Facility Currently Leased with WASH Company
- Value-Add Opportunity: Over 48% rental upside (11.38% market cap rate) and Two (2) Units Delivered Vacant
- Attractive Basis: Just $124k/unit and $213psf, This is the Cheapest PPU and PPSF in the 90026 Zip
- New Ownership Can Benefit from Implementing More Efficient Systems to Reduce Expense Burden and Grow NOI Before Any Rent Increases
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 9,336 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,336 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Gated
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | 550 |
PROPERTY TAXES
| Parcel Number | 5406-010-044 | Improvements Assessment | $1,097,622 |
| Land Assessment | $2,564,586 | Total Assessment | $3,662,208 |
PROPERTY TAXES
Parcel Number
5406-010-044
Land Assessment
$2,564,586
Improvements Assessment
$1,097,622
Total Assessment
$3,662,208
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