$2,800,000

1917 MONTROSE Street Los Angeles (city) CA 90026

Courtesy of: Tiao Properties, Inc.

Facts

  • 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

Description

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.

Based on information from CARETS as of date shown below. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.

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

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Source: Placester

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