1917 MONTROSE Street, Los Angeles, CA 90026 (MLS # 20548242)

PRICE $3,416,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 14,259 sqft

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.

DAYS ON MARKET 48 LAST UPDATED 3/18/2020
YEAR BUILT 1962 COMMUNITY 671 - Silver Lake
COUNTY Los Angeles STATUS Sold
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Gas Oven, Range
AREA 671 - Silver Lake
CONSTRUCTION Stucco
GARAGE Parking Space, Unassigned
LOT 0.33 acre(s)
STORIES 2
STYLE Mid Century Modern
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 1917 MONTROSE STREET
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Listing provided by : Will Tiao, Tiao Properties, Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 7/4/20 9:58 PM PDT and /or other sources. 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

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