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listing
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Residential IncomeFor Sale
$2,100,000
1445 Calumet Avenue
Los Angeles, CA 90026
Listed by Emily Johnson DRE#01877330 emily.johnson@sothebys.realty Sotheby's International Realty
MLS: California Regional MLS (CRMLS)
7Beds
7Baths
3,144Sq Ft
Est. Mortgage
$10,940/mo

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.

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Information courtesy of Sotheby's International Realty is subject to verification and is not guaranteed.
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