Prop. Type:
Residential Income
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 Info:
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
7,315 sq. ft. 680 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1923
(Age: 103)
General Listing Location:
Los Angeles, C21 - Silver Lake - Echo Park
County Or Parish:
Los Angeles
Fees:
Tenant Pays:
Electricity, Gas, Trash Collection
Common Interest:
Community Apartment
Gross Income:
$181,228
Gross Scheduled Income:
$181,228
Net Operating Income:
$128,292
Cap Rate %:
5.83
Rent Control:
Yes
Association Fee:
$0
Land Lease:
No
Gardener expense:
900.0
Insurance Expense:
$6,000
Taxes expense:
27500.0
Operating Expense:
$47,499
Other Expense:
$8,000
Pest control expense:
$900
Professional Management Expense:
$0
Trash Expense:
$0
Water and Sewer Expense:
$4,199
Vacancy Allowance:
$5,436
Vacancy Allowance Rate:
$3
Tax Lot:
6
Tax Block:
2
Directions:
Sunset Blvd & Douglas St
Additional Info:
Number of Buildings:
5
# of Electric Meters:
8
# of Gas Meters:
8
# of Water Meters:
1
Community Features:
Sidewalks
Senior Community:
No
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Lot Features:
Landscaped
Levels:
One
Num Stories:
1
Entry Level:
1
Entry Location:
1
New Constr.:
No
Common Walls:
2+ Common Walls
# Units:
8
Water supply:
Public
Sewer:
Public Sewer
Garage Spaces:
0
Total Parking Spaces:
0
Special Listing Conditions:
Standard
Parcel Number:
5406010017
Zoning:
LARD1.5