2140 Reservoir St | Los Angeles, CA 90026
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- LoopNet Team
2140 Reservoir St
Los Angeles, CA 90026
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Prime Echo Park Location - Just North of Sunset Blvd
- Offered at a Very Low Price - Under $193K Per Unit & Under $220 Per SF
- First Time Ever on the Market - Original Owner
- Nearly 150% Rental Upside Potential - 5.61 Pro Forma GRM & 13.99% Pro Forma Cap Rate
- Select Units have Access to Gorgeous Hilltop Views of Downtown & Surrounding Neighborhoods
- Fully Parked On-Site Parking Available
Property Facts
| No. Units | 7 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 6,163 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1963 |
| Zoning | LARD2 - Restricted Density Multiple Dwelling | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,163 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | LARD2 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,533 | 880 |
| 2+1 | 3 | $1,995 | 880 |
| 3+2 | 1 | $3,231 | 880 |
Property Taxes
| Parcel Number | 5402-033-008 | Improvements Assessment | $520,000 |
| Land Assessment | $780,000 | Total Assessment | $1,300,000 |
Property Taxes
Parcel Number
5402-033-008
Land Assessment
$780,000
Improvements Assessment
$520,000
Total Assessment
$1,300,000
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