This private, charming, turnkey investment, with current cap rate of 5.6% and annual NOI over $118,000/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 patios 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 but with upside potential if you add laundry to each unit. Permit history, general and sewer inspections, and rent rolls available for viewing. Recent termite clearance provided. Motivated seller.
Property Details
Price:
$2,100,000
MLS #:
24433023
Status:
Active Under Contract
Baths:
0
Address:
1445 Calumet Avenue
Type:
Residential Income
Subdivision:
Angelino Heights
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
90026
Lot Size:
6,744 sqft / 0.15 acres (approx)
Year Built:
1922
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
None
Flooring
Wood
Heating
Forced Air
Interior Features
Ceiling Fan(s), Cathedral Ceiling(s)
Exterior
Parking Features
None
Parking Spots
0.00
Pool Features
Fenced
Security Features
Gated Community
Stories Total
1
Financial
Map
Community
- Address1445 Calumet Avenue Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- SubdivisionAngelino Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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1445 Calumet Avenue
Los Angeles, CA
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