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834 Laguna Ave 4 Unit Apartment Building Offered at $1,350,000 at a 5.14% Cap Rate Los Angeles, CA 90026
INVESTMENT HIGHLIGHTS
- High Walk Score - Walking distance to Sunset Boulevard
- Stabilized - 100% leased all near top of the market rents
- Lots of Light and Views of the Hollywood Sign and Lake
- Value Add - Opportunity to increase rent in 1 unit.
EXECUTIVE SUMMARY
This is not just a multifamily asset; it is a strategic foothold in one of Los Angeles’ most durable rental markets. Located at 834 Laguna Avenue, this rare hillside compound consists of two separate duplexes on a single 4,034 SF lot, delivering four distinct income streams. The asset comprises two (2) 1BD/1BA units and two (2) Studio/1BA units (0BD/1BA), perfectly calibrated for Echo Park’s high-demand demographic of solo creative professionals.
The property leverages its topography to offer what tenants value most: privacy and perspective. Elevated above the street, the units feature panoramic views of the Hollywood Hills and Echo Park Lake, creating a "scarcity" factor that commands premium rents. Each unit benefits from dedicated outdoor space—a critical post-2020 amenity that minimizes vacancy risk. With vintage 1925 Spanish-style architecture, hardwood flooring, and modern upgrades, the property balances historic charm with operational efficiency. This is a low-maintenance, high-desirability asset where the physical separation of the duplexes reduces tenant friction and maximizes retention.
The property leverages its topography to offer what tenants value most: privacy and perspective. Elevated above the street, the units feature panoramic views of the Hollywood Hills and Echo Park Lake, creating a "scarcity" factor that commands premium rents. Each unit benefits from dedicated outdoor space—a critical post-2020 amenity that minimizes vacancy risk. With vintage 1925 Spanish-style architecture, hardwood flooring, and modern upgrades, the property balances historic charm with operational efficiency. This is a low-maintenance, high-desirability asset where the physical separation of the duplexes reduces tenant friction and maximizes retention.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 332 - 455 |
| 1+1 | 2 | - | 480 - 613 |
1 1
Walk Score®
Very Walkable (88)
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834 Laguna Ave
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