Emily Johnson
This listing was posted on RealtyWW.
$2,300,000
Home For Sale In Los Angeles, California
Price:
$2,300,000
BR/BA:
7 BR, 7 BA
Location:
1445 Calumet Ave, Los Angeles, CA
Description:
This private, charming, turnkey investment, with current annual NOI over $100K/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: $174, 692.75/yr. Pro forma rent: $220, 821/yr. (6.78% Cap rate). Current cap rate 4.76% (one unit delivered vacant). Permit history, general and sewer inspections, and rent rolls available for viewing.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69094000
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Seven Bedroom 7.5 Bath Single-Family Homes for Sale at 1445 Calumet Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1445 Calumet Ave by searching Oodle Classifieds for Seven Bedroom 7.5 Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Seven Bedroom 7.5 Bath Single-Family Homes for Sale at 1445 Calumet Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1445 Calumet Ave by searching Oodle Classifieds for Seven Bedroom 7.5 Bath Single-Family Homes for Sale in Los Angeles CA.