• 1445 Calumet Avenue Los Angeles, CA 90026

  • $2,300,000
  • 7
    Bed(s)
  • 0
    Baths
  • 3,144
    Sq Ft
  • 6744
    Sqft
  • Listed By: Emily Johnson, Sotheby's International Realty, DRE #01877330
  • Source: CRMLS

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.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 7

Bathroom Information

Total Baths: 7

Full Baths: 0

Half Baths: 0

Interior Features

Interior Features: Ceiling Fan(s),Cathedral Ceiling(s)

Property Appliances: Dishwasher,Refrigerator

Flooring: Wood

Cooling Features

None

Air Conditioning

Heating Source

Forced Air

Has Heating

Building Information

Year Built: 1922

Building Area Total: 3,144

Construction: Clapboard

Security Features

Gated Community

Patio And Porch

Enclosed

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1548

Lot Size Source: Other

Lot Size Square Feet: 6744

Listing Price Information

Original List Price: 2,300,000

Listing Contract Date: 2023-09-26

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5405013019

Garage and Parking

Garage Description: None

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C21 - Silver Lake - Echo Park

Postal Code Plus 4: 5107

Directions: East of Echo Park, west of Douglas, between Bellevue and Sunset.

Zoning: LAR2

Source Property Type: Residential Income

Area: C21 - Silver Lake - Echo Park

Building and Construction

Property Age: 102

Common Walls: No Common Walls

Year Built Source: Vendor Enhanced

Total Square Feet Living: 3144

Levels or Stories: One

Building Total Stories: 1

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ByOwner last updated this listing 04/28/2024 @ 15:42

MLS: 23314985
LISTED BY: Emily Johnson, Sotheby's International Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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