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1926 Santa Ynez St
Los Angeles, CA 90026
Turnkey Asset by Echo Park Lake & Sunset Blvd · Multifamily Property For Sale
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6 Units
Investment Highlights
- $100,000 price reduction & 2 NEW leases signed in the last 60 days, proving the quality and design of the units can achieve projected rents
- 4 units are extensively renovated and blend Spanish charm with modern and luxurious amenities that appeal to high-income young professionals
- Approx. 31% rental upside - at market rents, the CAP is 7.64% and the GRM is 9.75
- Located two blocks west of Echo Park Lake and two blocks south of Sunset Blvd - walkable to a revitalized urban oasis, retailers, restaurants & more
- Renovated units feature mini-split A/Cs, in-unit stackable washer and dryer, stone countertops, stainless-steel appliances, designer tile backsplash
- ADU Potential - There are two storage units that generate additional income and may be converted into ADUs (buyer to verify)
Property Facts
| No. Units | 6 | Building Size | 4,660 SF |
| Property Type | Multifamily | Average Occupancy | 67% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1927/2023 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LARD2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,660 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built/Renovated | 1927/2023 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | LARD2 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Tile Floors
- Double Vanities
- Stainless Steel Appliances
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,795 | - |
| 2+1 | 1 | $3,695 | - |
| 1+1 | 4 | $2,239 | - |
Property Taxes
| Parcel Number | 5404-007-003 | Improvements Assessment | $1,356,600 |
| Land Assessment | $1,020,000 | Total Assessment | $2,376,600 |
Property Taxes
Parcel Number
5404-007-003
Land Assessment
$1,020,000
Improvements Assessment
$1,356,600
Total Assessment
$2,376,600
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