
316 N Bixel St Los Angeles, CA 90026
Echo Park NeighborhoodAbout This Home
As of November 2024This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown,Echo Park and City West. The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The other two units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.
Last Agent to Sell the Property
Kidder Mathews of California, Inc. License #01441095 Listed on: 06/24/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 3,276 Sq Ft Lot
Home Design
- Split Level Home
Interior Spaces
- 3,704 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Oven or Range
- Freezer
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 5160-021-022
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
11/07/2024 11/07/24 | Sold | $1,235,000 | -6.8% | $333 / Sq Ft |
09/20/2024 09/20/24 | Pending | -- | -- | -- |
08/22/2024 08/22/24 | Price Changed | $1,325,000 | -3.6% | $358 / Sq Ft |
06/24/2024 06/24/24 | For Sale | $1,375,000 | +25.0% | $371 / Sq Ft |
02/03/2016 02/03/16 | Sold | $1,100,000 | +0.1% | $297 / Sq Ft |
01/04/2016 01/04/16 | Pending | -- | -- | -- |
11/15/2015 11/15/15 | For Sale | $1,099,000 | +81.1% | $297 / Sq Ft |
06/09/2014 06/09/14 | Sold | $607,000 | -4.4% | $164 / Sq Ft |
06/08/2014 06/08/14 | Pending | -- | -- | -- |
03/24/2014 03/24/14 | For Sale | $635,000 | -- | $171 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
B
Seller's Agent in 2024
Bryan Glenn
Kidder Mathews of California, Inc.
(858) 369-3010
2 in this area
15 Total Sales
-
Buyer's Agent in 2024
Davis Saadian
Keller Williams Hollywood Hills
(310) 402-8958
1 in this area
79 Total Sales
-
A
Seller's Agent in 2016
Andrew Rafison
Edgestone Real Estate, Inc.
-
D
Seller Co-Listing Agent in 2016
David Kahenasa
ARLO Real Estate Advisors
-
Buyer's Agent in 2016
Larry Margo
Berkshire Hathaway HomeServices California Properties
(818) 755-1000
5 Total Sales
-
Seller's Agent in 2014
Jason Tuvia
Marcus & Millichap
(818) 212-2700
12 in this area
110 Total Sales
Map
Source: The MLS
MLS Number: 23-238041

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