• Asking Price $2,300,000
  • Estimated Value: $1,982,725

  • 1445 CALUMET AVE LOS ANGELES, CA 90026

  • 7 Beds 7 Baths 3,144 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 1445 CALUMET AVE, LOS ANGELES, CA 90026

Features

  • Price/sqft: $731
  • Lot Size: 6744
  • Total Units: 4
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Heating: Forced Air Heating
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1922
  • Property ID: 848413668
  • MLS Number: 23-314985
  • Parcel Number: 5405-013-019
  • Property Type: Townhouse or Condo
  • County: LOS ANGELES
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. This 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.

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Property Brokerage: sotheby's international realty 1801 N. Hillhurst Avenue Los Angeles CA 90027
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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