- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- MB25242279
- Year Built:
- 1920
- Photos (9)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
1771 Albion St (aka 1773 Albion), Los Angeles 90031. 5-Unit Property with MAJOR TOC DEVELOPMENT POTENTIAL
Adjacent property at 1779 Albion St (APN 5447-026-019) is also currently for sale, creating the opportunity to combine both lots for a total of approximately 15,850 sq.ft. of land. Ideal for developers or investors seeking to build new housing projects within a Transit Oriented Community (TOC) area (buyer to verify).
1771 Albion St (APN 5447-026-020) features five existing residential units on a 6,781 sq.ft. corner lot, located near Downtown LA, Chinatown, Dodger Stadium, and the LA State Historic Park (Cornfield).
Excellent location next to Albion Riverside Park and close to the LA River Revitalization Corridor, with convenient access to the 5 and 110 freeways, Metro transit, and surrounding employment centers.
A unique chance to acquire an income-producing property with strong future redevelopment upside in one of LA’s fastest-growing areas.
- Property Sub Type:
- Apartment
- Property Attached:
- Yes
- Lot Area:
- 6,781 sq. ft.
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1920 (Age: 105)
- General Listing Location:
- Lincoln Heights, 677 - Lincoln Hts
- County Or Parish:
- Los Angeles
- Tenant Pays:
- Electricity, Trash Collection
- Common Interest:
- Community Apartment
- Gross Income:
- $0
- Gross Scheduled Income:
- $125,328
- Net Operating Income:
- $82,672
- Cap Rate %:
- 4.6
- Rent Control:
- Yes
- Total Actual Rent:
- $10,444
- Association Fee:
- $0
- Land Lease:
- No
- Electric Expense:
- $600
- Fuel Expense:
- $0
- Gardener expense:
- 1160.0
- Insurance Expense:
- $5,539
- Licenses expense:
- 533.0
- Maintenance Expense:
- $588
- Taxes expense:
- 22500.0
- Operating Expense:
- $36,390
- Other Expense:
- $1,252
- Pest control expense:
- $300
- Professional Management Expense:
- $0
- Trash Expense:
- $0
- Water and Sewer Expense:
- $3,918
- Vacancy Allowance:
- $6,266
- Vacancy Allowance Rate:
- $5
- Tax Lot:
- 6
- Tax Block:
- 2
- Broadway Ave turn South on Ave 18. Turn West on Albion Street to Ave 17.
- Number of Buildings:
- 3
- # of Electric Meters:
- 4
- # of Gas Meters:
- 4
- # of Water Meters:
- 1
- # Units Leased:
- 5
- Community Features:
- Street Lights, Park
- Senior Community:
- No
- Laundry Features:
- See Remarks
- Pool Features:
- None
- Private Pool:
- No
- Lot Features:
- Corner Lot, Level, Near Park
- Levels:
- Two
- Num Stories:
- 2
- Entry Level:
- 0
- Entry Location:
- varies
- New Constr.:
- No
- Roof:
- Composition, Shingle
- Common Walls:
- 1 Common Wall
- # Units:
- 5
- Heating:
- Electric
- Cooling:
- Wall/Window Unit(s)
- Utilities:
- Electricity Connected, Natural Gas Connected, Water Connected
- Fencing:
- Chain Link
- Water supply:
- Public
- Sewer:
- Public Sewer
- Road Frontage Type:
- City Street
- Garage Spaces:
- 0
- Uncovered Spaces:
- 2
- Total Parking Spaces:
- 2
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5447026020
-
Photo 1 of 9 -
Photo 2 of 9
-
Photo 3 of 9
-
Photo 4 of 9
-
Photo 5 of 9
-
Photo 6 of 9
-
Photo 7 of 9
-
Photo 8 of 9
-
Photo 9 of 9
Listed by GEORGE MICHAEL REALTY
Data was last updated October 21, 2025 at 10:40 PM (UTC)
- BILLY LONG
- 1 (310) 663-1177
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of October 21, 2025 at 10:40 PM (UTC) 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.