1121 Echo Park Avenue
Los Angeles, CA 90026
- – beds
- – baths
- – sqft
- 14,998 sqft lot
- 1916 build
- – on site
More homes
Situated just one parcel from Echo Park Lake and one block from Sunset Boulevard, the property offers tenants a prime location in the epicenter of this trendy submarket. With a unit mix comprised almost entirely of two bedroom units, the property's nine spacious floorplans cover approximately 9,798 square feet. The offering provides an investor with impressive cash flow for the area, with an initial CAP Rate of 4.69%. While similar properties in the area have sold for $600-$800 per square foot, 1121-1127 Echo Park Avenue is available for less than less than $395 per square foot. A new investor may benefit from reduced maintenance expenses, as the building does not appear on the LADBS seismic retrofit list (Buyer to verify). The property includes three buildings across the two parcels of land, which are zoned LAR3 and sit within a Tier 3 TOC (Buyer to verify). Given its close proximity to both Sunset Boulevard and Glendale Boulevard, the property allows tenants convenient access to some of Echo Park's trendiest shops and eateries. With Echo Park Lake immediately south of the property, tenants can enjoy the numerous benefits of one of Los Angeles' most popular parks.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 5, 2023
•
MLS# 22148567 —
The Building
-
Year Built:1916
-
New Construction:No
-
Building Area Total:9798.00
-
Total Number Of Units:9
-
# of Buildings:3
-
Stories Total:2
Location
-
Directions:We are pleased to announce the opportunity to purchase 1121-1127 Echo Park Avenue, a 9-unit multifamily property spread across two contiguous parcels in the gentrifying Echo Park neighborhood of Los Angeles, CA.
-
Latitude:34.07556100
-
Longitude:-118.25838100
The Property
-
Property Type:Residential Income
-
Zoning:LAR3
-
Lot Size Area:14998.0000
-
Lot Size Acres:0.3443
-
Lot Size SqFt:14998.00
-
Lot Size Source:Estimated
Listing Agent
- Contact info:
- No listing contact info available
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:5404018009
The Community
-
Association:No
-
Senior Community:No
Parking
-
Parking:Yes
-
Parking:Assigned
-
Parking Spaces:13.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/17/22
Jun 17, 2022
|
Sold | CRMLS_CA | $3,810,000 | -1.6% |
|
4/20/22
Apr 20, 2022
|
Listed / Active | CRMLS_CA | $3,870,000 | |
|
8/11/21
Aug 11, 2021
|
Listed / Active | CRMLS_CA |
