$2,300,000
1445 Calumet Avenue, Los Angeles 90026
2
Baths
3,144
Square feet
6,744
Lot Size
7
# Of Units
Listing Agent
Emily Johnson - Sotheby's International RealtyThis private, charming, turnkey investment, with current annual NOI over $111,000/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 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. Units are SFR so possible TIC candidate. Total projected 2024 rent for all 7 units: $177,092/ yr. Pro forma rent: $247,221/ yr. (7.81% Cap rate). Current cap rate 4.86%. Permit history, general and sewer inspections, and rent rolls available for viewing.
Facts & Features
| MLS® # | 23314985 |
|---|---|
| Price | $2,300,000 |
| Bathrooms | 2.00 |
| Square Footage | 3,144 |
| Lot Size | 6,744 |
| Year Built | 1922 |
| Type | Residential Income |
| Style | Bungalow |
| Status | Active |
| # Of Units | 7 |
Community Information
| Address | 1445 Calumet Avenue |
|---|---|
| Area | C21 - Silver Lake - Echo Park |
| Subdivision | Angeleno Heights |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90026 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Wood |
|---|---|
| Interior Features | Cathedral Ceiling(s), Ceiling Fan(s) |
| Appliances | Dishwasher, Refrigerator |
| Heating | Forced Air |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior | Clapboard |
|---|---|
| Construction | Clapboard |
Additional Information
| Date Listed | September 26th, 2023 |
|---|---|
| Days on Market | 189 |
| Zoning | LAR2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Emily Johnson |
|---|---|
| Office | Sotheby's International Realty |