1801-1825 Morton Ave | Los Angeles, CA 90026
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- LoopNet Team
1801-1825 Morton Ave
Los Angeles, CA 90026
Milo on Morton · Multifamily Property For Sale
·
66 Units
INVESTMENT HIGHLIGHTS
- Part of the 7-Property, 238-unit ViveLA portfolio. May be purchased on an individual, multi-property, or complete portfolio basis.
- Almost all mechanical systems and deferred maintenance needs have been addressed. Investors can focus on remaining unrenovated units.
- Proven interior renovation scope to emulate and capture 49%+ in remaining rental income upside.
- Echo Park is a Hot Submarket - 77% of the population are renters, average HHI is $97,953, and there is a 501% affordability gap to home ownership.
PROPERTY FACTS
| No. Units | 66 | Building Size | 54,433 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | B | Parking Ratio | 2.39/1,000 SF |
| Lot Size | 2.91 AC | ||
| Zoning | LARD2 | ||
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.91 AC |
| Building Size | 54,433 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 2.39/1,000 SF |
| Zoning | LARD2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Energy Star Labeled
- Grill
- Walking/Biking Trails
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 599 - 601 |
| 2+1 | 36 | - | 789 |
| 3+1.5 | 12 | - | 942 - 943 |
PROPERTY TAXES
| Parcel Number | 5420-025-026 | Improvements Assessment | $6,497,400 |
| Land Assessment | $13,494,600 | Total Assessment | $19,992,000 |
PROPERTY TAXES
Parcel Number
5420-025-026
Land Assessment
$13,494,600
Improvements Assessment
$6,497,400
Total Assessment
$19,992,000
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