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PRIME ECHO PARK 7 UNIT - FULLY LEASED! 940 New Depot St 7 Unit Apartment Building For Sale Los Angeles, CA 90012
INVESTMENT HIGHLIGHTS
- Prime Echo Park Location / Borders Chinatown
- Available Parking (Onsite and Street)
- Great For Exchange Buyers!
- Close to Dodger Stadium and Convenient Freeway Access
- Fully Leased At Close To Market Rates
EXECUTIVE SUMMARY
District Realty Group, as exclusive broker, is pleased to present a chance to own a recently renovated, easy-to-manage, 7 unit apartment complex in the booming Echo Park area of Los Angeles, CA, directly adjacent to Downtown LA and Chinatown. Each unit consists of laminate flooring, granite countertops, new kitchens and appliances, new paint, and numerous other improvements.
The property is ideally located just steps from two of Echo Park’s largest future developments, “Sunset/Everett” and “The Metropolitan Water District Project”, boasting 982 residential units, a boutique hotel, and exciting new commercial space.
The area is also characterized by strong household incomes and heavy automobile traffic. The apartment is conveniently located within walking distance to The Orsini, CVS, EVANS Adult College, Eastside Deli Market, Mexicali Restaurant, Orsini, Burger King, CVS, Jack n the Box, Dodger Stadium, close to the freeway.
*ATTRACTIVE EXISTING LOAN MAY BE ASSUMABLE SUBJECT TO CONDITIONS
The property is ideally located just steps from two of Echo Park’s largest future developments, “Sunset/Everett” and “The Metropolitan Water District Project”, boasting 982 residential units, a boutique hotel, and exciting new commercial space.
The area is also characterized by strong household incomes and heavy automobile traffic. The apartment is conveniently located within walking distance to The Orsini, CVS, EVANS Adult College, Eastside Deli Market, Mexicali Restaurant, Orsini, Burger King, CVS, Jack n the Box, Dodger Stadium, close to the freeway.
*ATTRACTIVE EXISTING LOAN MAY BE ASSUMABLE SUBJECT TO CONDITIONS
FINANCIAL SUMMARY (ACTUAL - 2023) 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 - 2023) 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
| Sale Type | Investment | Lot Size | 0.14 AC |
| Sale Condition | High Vacancy Property | Building Size | 6,060 SF |
| No. Units | 7 | Average Occupancy | 57% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1983 |
| Apartment Style | Low-Rise | Parking Ratio | 1.32/1,000 SF |
| Building Class | C | ||
| Zoning | LAR4 - Multifamily | ||
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,060 SF |
| Average Occupancy | 57% |
| No. Stories | 3 |
| Year Built | 1983 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | LAR4 - Multifamily |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Views
- Wi-Fi
- Double Pane Windows
- Family Room
- Pantry
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Gated
- Gas Range
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 2 | - | - |
| 4+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (84)
PROPERTY TAXES
| Parcel Number | 5406-029-002 | Total Assessment | $2,958,352 (2025) |
| Land Assessment | $1,479,176 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,479,176 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5406-029-002
Land Assessment
$1,479,176 (2025)
Improvements Assessment
$1,479,176 (2025)
Total Assessment
$2,958,352 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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PRIME ECHO PARK 7 UNIT - FULLY LEASED! | 940 New Depot St
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