1445 Calumet Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,144 sqft
Price per Sqft $667
Subdivision Angelino Heights
MLS Listing ID 24-433023
Style Bungalow
Bedrooms 7
Year Built 1922
Lot Size 6,744 Sqft
Property Description
This private, charming, turnkey investment, with current cap rate of 5.6% and annual NOI over $118,000/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 patios and outdoor space. These units were fully renovated with permits 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 but with upside potential if you add laundry to each unit. Permit history, general and sewer inspections, and rent rolls available for viewing. Recent termite clearance provided. Motivated seller.
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Forced Air
Cooling None
Flooring Hardwood
Equipment Dishwasher, Ceiling Fan, Refrigerator, Range/Oven
Laundry Laundry Area
Exterior
Garage None
Pool Fenced
Building
Story 1
Others
Special Listing Condition Standard
Pets Description Pets Permitted