$2,600,000

Estimated payment $16,739/month

Total Views 2,341
1 Bed
1 Bath
3,456 Sq Ft
$752 Price per Sq Ft

Highlights

  • No HOA
  • Landscaped
  • 1-Story Property
  • Laundry Room

About This Home

Discover this prime investment opportunity in Echo Park with this historic 8-unit apartment building. Built in 1923, each charming 1-bed, 1-bath unit offers cozy living spaces. Totaling 3,456 sq ft on a 7,315 sq ft lot, this property is ideal for those seeking urban convenience. Zoned LARD1.5, it's located near Dodger's Stadium, Tsubaki, The Douglas, El Compadre, Stereoscope Coffee, Lowboy, Monty's Good Burger, and more.

Listing Agent

Matias Stofenmacher

Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01705003 Listed on: 05/23/2025

Co-Listing Agent

Sebastian Stofenmacher

Edgestone Real Estate, Inc. Brokerage Phone: 818-464-5707 License #01328684

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,315 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Apartment

Interior Spaces

  • 3,456 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Legal Lot and Block 6 / 2
  • Assessor Parcel Number 5406010017

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,186
  • Water Sewer Expense $3,885
  • Operating Expense $60,635
  • Gross Income $184,353
  • Net Operating Income $123,718

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.75
  • Price Per Unit: 325000
  • Property Attached: Yes
  • Water Sewer Expenses: 3885.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5406010017
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 752.31

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7315.00
  • Lot Size Acres: 0.1679

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 432 Square Feet
  • Gross Income: 184353.00
  • Gross Multiplier: 13.68
  • Gross Operating Income: 184353.00
  • Gross Scheduled Income: 199055.00
  • Insurance Expense: 3186.00
  • Lot Size Area: 7315.0000 Square Feet
  • Net Operating Income: 123718.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 60635.00
  • Rent Control: Yes
  • Total Expenses: 60635.00
  • Vacancy Allowance: 5701
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 1973.00
  • Tax Lot: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 For Sale $2,600,000 -- $752 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25115897

California Regional Multiple Listing Service (CRMLS)