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627 Belmont Ave
Los Angeles, CA 90026
6-Units Over Looking Echo Park Lake · Multifamily Property For Sale
·
6 Units
Investment Highlights
- 627 Belmont Avenue is a 6-unit investment opportunity located in Echo Park, a densely populated rental submarket known for excellent rent growth
- 627 Belmont Avenue ideally located in Echo Park. A short distance from Sunset Blvd and the attractive Echo Park Lake
- The property has seven onsite parking spaces in total and offers a tandem parking for two cars for the 2 bedroom / 1 bathroom unit
- Unit #3 is currently vacant and is a large 1 bedroom / 1 bathroom unit and will be delivered vacant at the close of escrow
- Each unit is separately metered for gas and electricity
- 627 Belmont Avenue is NOT on the Los Angeles City mandatory soft-story retrofit list
Property Facts
| No. Units | 6 | Building Size | 4,028 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2007 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | RD2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,028 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2007 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RD2 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,971 | - |
| 2+1 | 1 | $2,030 | - |
Property Taxes
| Parcel Number | 5404-010-002 | Improvements Assessment | $811,824 |
| Land Assessment | $1,244,796 | Total Assessment | $2,056,620 |
Property Taxes
Parcel Number
5404-010-002
Land Assessment
$1,244,796
Improvements Assessment
$811,824
Total Assessment
$2,056,620
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