$2,100,000 Price Analysis   ♡   Los Angeles, CA 90026 7 bed 7 bath 3,144 SqFt ($667/SqFt) 6,744SqFt lot. Built 1922 Listed 2023-09-27, Taxes $24,266 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This private
Charming, turnkey investment, with current annual NOI over $115, 000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private deck and outdoor spac. These units were fully renovated with permits in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows.
Because of its location in prime Echo Park and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's and multiple bars and restaurants), these units rent quickly. Well-maintained with newer roofs, sewer lines and decks. There is still quite a bit of upside if you add laundry to each unit. Total projected 2024 rent for all 7 units: $192 , 649/ yr. CURRENT CAP RATE: 5.5%. Permit history, general and sewer inspections and rent rolls available for viewing. Motivated seller.
Presented by Emily Johnson at
Sotheby's International Realty - Los Feliz Brokerage.
Property MLS #23-314985 from TheMLSCLAW
Full Bathrooms: 7
Flooring: Hardwood
Laundry Features: Laundry Area
Patio Features: Enclosed
Lot Size Square Feet: 6744
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 8400, 2 BathsTotal: 1, 2 SquareFeet: 2800, 3 BathsTotal: 1, 3 SquareFeet: 2800, 4 BathsTotal: 1, 4 SquareFeet: 2600, 5 BathsTotal: 1, 5 SquareFeet: 2800
Source Listing Status: Active
County: Los Angeles
Cap Rate: 7.31
Directions: East of Echo Park, west of Douglas, between Bellevue and Sunset.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5405-013-019
Postal Code Plus 4: 5107
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $622,888 + $1,387,347 $2,010,235 | $24,266 |
| 2021 | $610,675 + $1,360,145 $1,970,820 | $23,974 |
| 2020 | $604,414 + $1,346,199 $1,950,613 | $24,218 |
| 2019 | $592,563 + $1,319,803 $1,912,366 | $23,266 |
| 2018 | $580,945 + $1,293,925 $1,874,870 | $23,183 |
| 2017 | $569,554 + $1,268,554 $1,838,108 | $22,639 |
| 2016 | $558,387 + $1,243,681 $1,802,068 | $22,140 |
| 2015 | $550,000 + $1,225,000 $1,775,000 | $21,821 |
| 2014 | $135,404 + $150,450 $285,854 | $4,198 |
| 2013 | $134,793 + $149,771 $284,564 | $4,188 |
| 2012 | $132,150 + $146,835 $278,985 | $4,239 |
| 2010 | $129,559 + $143,956 $273,515 | $4,076 |
| 2009 | $128,897 + $143,221 $272,118 | $3,934 |
| 2009 | $128,591 + $142,881 $271,472 | $3,934 |
| 2008 | $126,370 + $140,413 $266,783 | $3,787 |
| 2007 | $123,893 + $137,660 $261,553 | $3,662 |
$2,100,000
TheMLSCLAW
Price Changed 2024-01-16
$2,300,000
TheMLSCLAW
Price Changed 2023-11-29
$2,400,000
TheMLSCLAW
Listed 2023-09-27
$2,500,000
TheMLSCLAW
Listing removed 2016-04-22
$1,795
RadPad
Listed for rent 2016-04-15
$1,795
RadPad
Sold 2014-09-25
$1,775,000
TheMLSCLAW
Listed 2014-05-27
$1,789,000
TheMLSCLAW
Sold 2000-03-08
$228,000
Public Record
Sold 1999-09-01
$1,225,000
Public Record
Year Built: 1922
Building Exterior Type: Clapboard
Common Walls: Detached/No Common Walls
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 102
Levels or Stories: 1
Building Total Stories: 1
House Style: Bungalow
Year Built Source: Vendor Enhanced
Architectural Style: Bungalow
Security Features: Exterior Security Lights, Gated
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.