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1650 Echo Park Ave
Los Angeles, CA 90026
A Renovated 28-Unit in Prime Echo Park · Multifamily Property For Sale
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28 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 is More Than 16 Percent Remaining Rental Upside Through Interior Renovations
- 86% of Units Have Been Extensively Renovated with Redesigned Layouts, New Kitchens, New Bathrooms, Flooring, Stainless Steel Appliances & Finishes
- Only 10% of Multi-Family Buildings are 25 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 | 28 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 20,889 SF |
| Property Subtype | Apartment | Average Occupancy | 86% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1928 |
| Zoning | LARD1.5 | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 20,889 SF |
| Average Occupancy | 86% |
| No. Stories | 4 |
| Year Built | 1928 |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | 350 - 450 |
| 1+1 | 12 | - | 777 - 900 |
| 2+2 | 1 | - | 1,000 |
Property Taxes
| Parcel Number | 5420-028-005 | Improvements Assessment | $3,937,123 |
| Land Assessment | $6,015,052 | Total Assessment | $9,952,175 |
Property Taxes
Parcel Number
5420-028-005
Land Assessment
$6,015,052
Improvements Assessment
$3,937,123
Total Assessment
$9,952,175
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