1412-1416 Echo Park Ave | Los Angeles, CA 90026
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- LoopNet Team
1412-1416 Echo Park Ave
Los Angeles, CA 90026
A Renovated 32-Unit in Prime Echo Park · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- The In-Place Loan is fixed at 3.98% Until 2029, Offering Tremendous Yield at Acquisition
- Walk Score 95: Daily Errands Don’t Require a Car, with Convenient Access to the Area’s Coolest Coffee Shops, Restaurants, and Nightlife.
- There are 13 On-Site Garages – A Valuable Amenity in Echo Park, Where Street Parking and Storage can be Limited
- 69% of Units Have Been Extensively Renovated with Redesigned Layouts, New Kitchens, New Bathrooms, Flooring, Stainless Steel Appliances & Finishes
- Only 8.6% of Multi-Family Buildings are 30 Units or More in the 90026 Zip Code
- Within Close Proximity to High-Paying Jobs in the Surrounding Markets of Hollywood, Downtown Los Angeles, Koreatown & Glendale
PROPERTY FACTS
| No. Units | 32 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 17,740 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 17,740 SF |
| No. Stories | 3 |
| Year Built | 1923 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | 450 |
| 1+1 | 23 | - | 700 |
| 2+1 | 1 | - | 750 |
| 3+1 | 1 | - | 855 |
PROPERTY TAXES
| Parcel Number | 5419-024-033 | Improvements Assessment | $3,280,937 |
| Land Assessment | $6,561,876 | Total Assessment | $9,842,813 |
PROPERTY TAXES
Parcel Number
5419-024-033
Land Assessment
$6,561,876
Improvements Assessment
$3,280,937
Total Assessment
$9,842,813
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