1917 Montrose

  • $3,416,000
Sold Los Angeles, Echo Park
1917 Montrose St, Los Angeles, CA 90026
  • Multifamily
  • Property Type
  • 16
  • Number of Units
  • 2.26
  • Cap Rate
  • 22.74
  • GRM
  • $213,500
  • Price/Unit
Sold
1917 Montrose St, Los Angeles, CA 90026
  • $3,416,000

Overview

  • Multifamily
  • Property Type
  • 16
  • Number of Units
  • 2.26
  • Cap Rate
  • 22.74
  • GRM
  • $213,500
  • Price/Unit

Description

Welcome to 1917 Montrose — an investor’s dream property in the heart of hip, vibrant Echo Park!

This 16 unit mid-century apartment complex is an incredible value add opportunity. All units are approximately 600 square foot, one-bedroom/one bathroom floor plans.

Centrally located, this property sits around the corner from renowned Sunset Boulevard and historic Alvarado Street, just feet from Echo Park’s hot entertainment spots. It’s a stone’s throw from Echo Park Lake and within easy reach of Silver Lake, Los Feliz, Elysian Park and Dodger Stadium.

This property is ripe with value-added income potential and includes resident parking. Priced to sell at $175,000/unit, the property has a market cap rate of 12.8 – unheard of in Los Angeles! Separately metered for gas and electric, there is also a common area in the back of the property.

With every conceivable amenity within walking distance, this property will be a crown jewel in any investor portfolio.

Details

  • Property Type: Multifamily
  • Property Status: Sold
  • Property Size: 9,786 Sq Ft
  • Lot Size: 14,375 Sq Ft
  • Bedrooms: 16
  • Bathrooms: 16
  • Year Built: 1962
  • Price: $3,416,000
  • Number of Units: 16
  • Price/Unit: $213,500
  • GRM: 22.74
  • Price/SqFt: $349
  • CAP: 2.26
  • Address 1917 Montrose St
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90026
  • Area Echo Park

Walkscore

Similar Listings

Compare listings

Compare
Will Tiao
  • Will Tiao

Neighborhoods We Serve


Fatal error: Uncaught Exception: String could not be parsed as XML in /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-content/plugins/breeze/inc/cache/execute-cache.php:305 Stack trace: #0 /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-content/plugins/breeze/inc/cache/execute-cache.php(305): SimpleXMLElement->__construct() #1 [internal function]: Breeze_Cache_Init\breeze_cache() #2 /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-includes/functions.php(5275): ob_end_flush() #3 /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-includes/class-wp-hook.php(307): wp_ob_end_flush_all() #4 /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-includes/class-wp-hook.php(331): WP_Hook->apply_filters() #5 /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-includes/plugin.php(476): WP_Hook->do_action() #6 /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-includes/load.php(1102): do_action() #7 [internal function]: shutdow in /mnt/data/home/816804.cloudwaysapps.com/nynxxfmwct/public_html/wp-content/plugins/breeze/inc/cache/execute-cache.php on line 305