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577 N Boylston St
Los Angeles, CA 90012
5 Units in Echo Park - 6.61% CAP! · Multifamily Property For Sale
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5 Units
Investment Highlights
- Over $10K Per Month in Rental Income! Excellent Current Income for Property in This Price Point
- Low Expense Property With Upgraded Systems in Turnkey Condition
- New Electrical Panel, Subpanels & Meters in 2006 for all units; Copper Plumbing Throughout Both Structures; Rebuilt Concrete Foundation With Permits
- 6.61% CAP rate on current rents including realistic market rent for VACANT studio unit.
- Property has Been Maintained in Pride of Ownership Condition for 20 Years
- Most tenants have rented for 5 years or less.
Property Facts
| No. Units | 5 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 3,507 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1905 |
| Building Class | C | ||
| Zoning | RD2, Los Angeles - Located in Angelino Heights HPOZ | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,507 SF |
| No. Stories | 2 |
| Year Built | 1905 |
| Zoning | RD2, Los Angeles - Located in Angelino Heights HPOZ |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Views
- Yard
- Basement
- Built-In Bookshelves
- Lawn
- Vinyl Flooring
Site Amenities
- Gas Range
- Vintage Building
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,559 | - |
| 1+1 | 2 | $2,022 | - |
| 3+1 | 1 | $3,082 | - |
Property Taxes
| Parcel Number | 5405-026-003 | Improvements Assessment | $368,968 |
| Land Assessment | $409,966 | Total Assessment | $778,934 |
Property Taxes
Parcel Number
5405-026-003
Land Assessment
$409,966
Improvements Assessment
$368,968
Total Assessment
$778,934
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