1917 MONTROSE Street Los Angeles (city) CA 90026

Courtesy of: Tiao Properties, Inc.


  • MLS # 20548242
  • For Sale
  • Days on market 18
  • Beds 16
  • Square Footage 9,786
  • Silver Lake - Echo Park, Greater Echo Park Elysian, East La

Property Map

1917 MONTROSE Street Los Angeles (city) CA 90026

Property features

  • Property Type: Residential Income
  • Status: Pending
  • Style: Mid Century
  • Year Built: 1962
  • Appliances: Dryer, Washer
  • Assessed Improvement Value: 918000
  • Assessed Land Value: 2101200
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Range, Oven-Gas
  • Cooling Type: Wall Or Window Units
  • Exterior: Stucco
  • Fireplace Rooms: None
  • Flooring: Hardwood
  • Garage Spaces Total: 1.0
  • Heating Fuel: Wall Gas
  • Heating Type: Wall Gas
  • Levels: Two Level
  • Listing Terms: Cash
  • Lot Location: City
  • Lot Sqft: 14258
  • Num Of Units: 16
  • Number Of Buildings: Yes
  • Price Per Sqft: 286.12
  • Property Subtype: Apartment Building
  • Rooms: LivingRoom
  • Special Conditions: Standard Sale
  • Neighborhood: Silver Lake - Echo Park, Greater Echo Park Elysian, East La


Welcome to 1917 Montrose -- an investor's dream property in the heart of hip, vibrant Echo Park! This 16 unit mid-century apartment complex is an incredible value add opportunity. All units are approximately 600 square foot, one-bedroom/one bathroom floor plans. Centrally located, this property sits around the corner from renowned Sunset Boulevard and historic Alvarado Street, just feet from Echo Park's hot entertainment spots. It's a stone's throw from Echo Park Lake and within easy reach of Silver Lake, Los Feliz, Elysian Park and Dodger Stadium. This property is ripe with value-added income potential and includes resident parking. Priced to sell at $175,000/unit, the property has a market cap rate of 12.8 - unheard of in Los Angeles! Separately metered for gas and electric, there is also a common area in the back of the property. With every conceivable amenity within walking distance, this property will be a crown jewel in any investor portfolio.

Courtesy of: Tiao Properties, Inc.

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Updated: 23rd February, 2020 6:40 PM.

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