1441 Echo Park

  • $2,750,000
Sold Los Angeles, Echo Park
1441 Echo Park Ave Los Angeles, CA 90026
  • Multifamily
  • Property Type
  • 5
  • Number of Units
  • 4.88
  • Cap Rate
  • 15.68
  • GRM
  • $550,000
  • Price/Unit
Sold
1441 Echo Park Ave Los Angeles, CA 90026
  • $2,750,000

Overview

  • Multifamily
  • Property Type
  • 5
  • Number of Units
  • 4.88
  • Cap Rate
  • 15.68
  • GRM
  • $550,000
  • Price/Unit

Description

Investor dream property in the heart of hot & hip Echo Park!

This beautifully renovated 5 unit complex consists of a 4-plex and guest house and has a great unit mix of two 3BRs, two 2BRs, & one 1BR detached house. It has been completely renovated down to the studs: new hardwood laminate floors, windows, electrical wiring, new plumbing, A/C heat mini splits, tankless water heaters, retrofitted foundation, new appliances including washer/dryer, dishwasher, refrigerator, oven/stove range & microwave. Drought tolerant garden & new wood fence. No detail has been overlooked.

Gated remote control parking with 7 spots – 1 for each unit and a couple for extra income. Building is on RUBS so tenants pay shared utilities including water, sewer & trash. Centrally located just 1/4 mile to all the Echo Park hot spots on Sunset Blvd & blocks from Elysian Park & Echo Park Lake!

Perfect for owner/user or 1031 downleg exchange. Cash cow with low maintenance!

Details

  • Property Type: Multifamily
  • Property Status: Sold
  • Property Size: 3,304 Sq Ft
  • Lot Size: 7,492 Sq Ft
  • Bedrooms: 11
  • Bathrooms: 5
  • Year Built: 1921
  • Price: $2,750,000
  • Number of Units: 5
  • Price/Unit: $550,000
  • GRM: 15.68
  • Price/SqFt: $832
  • CAP: 4.88
  • Address 1441 Echo Park Ave
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90026
  • Area Echo Park

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