Seller's Agent in 2022
Joshua Barut
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
1 in this area
31 Total Sales
831 Glendale Blvd Los Angeles, CA 90026
Echo Park Neighborhood
10
Beds
5
Baths
4,432
Sq Ft
6,999
Sq Ft Lot
Highlights
- Lake Front
- Fishing
- Community Lake
- Golf Course Community
- Open Floorplan
- 4-minute walk to Echo Park Lake
About This Home
As of April 2022We are pleased to present the coveted Echo Park “Lakeside Apartments”, which, true to its name, sits directly across from Echo Park Lake along its West border. Built in 1986, this 5 Unit Apartment Building is NOT subject to the harsh measures of LA City Rent Control. The building boasts an outstanding Unit Mix of (5) 2-Bed/1-Bath Units, (1) of which is to be delivered vacant at COE! Further, the 4,432 Sq Ft structure sits on a healthy 6,999 Sq Ft of land and possesses an efficient footprint that offers ample parking to its occupants. Each unit is provided (1) assigned space and plenty of room to spare for comfortable ingress/egress. Recently, ownership has carried out a significant amount of capital improvements including, but not limited to, a new roof, renovated kitchens, and upgraded flooring throughout. From a financial standpoint, the (2) vacancies - along with the current, in-place rents - present investors with the opportunity for excellent income upon acquisition & lease up, by way of the generous 4.08% CAP Rate and 15.59 GRM. Moreover, the property's excellent WalkScore® of 94 (“Walker’s Paradise”) is representative of one of the many factors that have led to rapid growth in tenant demand within the Submarket over recent years, especially amongst the millennial population. In addition, the Property lies in a Tier 2 TOC Zone and is, in turn, awarded a 35% Density Bonus. This is exponentially significant given the unparalleled location of the Lakeside Apartments.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01971720 Listed on: 03/14/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986 | Remodeled
Lot Details
- 6,999 Sq Ft Lot
- Lake Front
- Two or More Common Walls
- Rectangular Lot
- Lawn
- Front Yard
Property Views
- Lake
- City Lights
- Hills
- Neighborhood
Home Design
- Property Attached
- Turnkey
- Shingle Roof
- Composition Roof
- Copper Plumbing
Interior Spaces
- 4,432 Sq Ft Home
- Open Floorplan
- Double Pane Windows
- Blinds
- Closed Circuit Camera
Kitchen
- Gas Oven
- Six Burner Stove
- Gas Cooktop
- Microwave
- Granite Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- Private Parking
- Driveway
- Paved Parking
- On-Street Parking
- On-Site Parking
- Parking Lot
- Assigned Parking
Accessible Home Design
- Accessible Parking
Outdoor Features
- Access To Lake
- Exterior Lighting
- Rain Gutters
Location
- Property is near a park
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Private Water Source
- Water Heater
- Private Sewer
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 28
- Tax Tract Number 195
- Assessor Parcel Number 5404006028
- $1,066 per year additional tax assessments
Community Details
Overview
- 5 Units
- Community Lake
Recreation
- Golf Course Community
- Fishing
- Park
- Dog Park
- Hiking Trails
- Bike Trail
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $900
- Insurance Expense $1,773
- Water Sewer Expense $4,320
- Operating Expense $52,374
- Gross Income $158,460
- Net Operating Income $106,086
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2022 04/19/22 | Sold | $2,500,000 | -3.8% | $564 / Sq Ft |
| 03/14/2022 03/14/22 | For Sale | $2,600,000 | -- | $587 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Joshua Barut
-
Evelyn Baez Gonzalez
Seller Co-Listing Agent in 2022
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
(951) 902-3006
1 in this area
57 Total Sales
-
Kimiyasu Murayoshi
Buyer's Agent in 2022
Kimiyasu Murayoshi
Andrew C. Lee
(213) 442-0211
2 in this area
93 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22050880
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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