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1445 Calumet Ave
Los Angeles, CA 90026
Residential Multi Family (Other)
0.15 Acres
3144 Sqft Living Area
7 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: 1922
$2,100,000
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Property Description
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 space. 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.
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Contact Details
Name: Emily Johnson
Email: emily.johnson@sothebys.realty
MLS Listing Id: 23-314985
Agent Phone: (323) 665-1700
List Agent License:
Office Name: Sotheby's International Realty
Office Phone: (323) 665-1700
Office MLS Id: X70367
Listing Status: Active
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
