1445 Calumet Avenue, Los Angeles
Los Angeles Home For Sale
This private, charming, turnkey investment, with current annual NOI over $115,000/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 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 with newer roofs, sewer lines and decks. There is still quite a bit of upside if you add laundry to each unit. Total projected 2024 rent for all 7 units: $192,649/ yr. Pro forma rent: $235,221/ yr. (7.31% Cap rate). Current cap rate at asking price is 5% (5.5% after vacancies are filled at market rent). Permit history, general and sewer inspections, and rent rolls available for viewing. Motivated seller.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90026
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- MLS® #:
- 23314985
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- Bathrooms:
- 5
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- Square Ft:
- 3,144
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- Lot Size:
- 0.15
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- Neighborhood:
- Angeleno Heights
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- Levels:
- One
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- HOA Dues:
- $
Price Change History for 1445 Calumet Avenue, Los Angeles, (MLS® #23314985)
| Date | Details | Price | Change |
|---|---|---|---|
| Active | – | – | |
| Price Reduced | $2,300,000 | $100,000 (4.17%) | |
| Pending | – | – | |
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $2,500,000) | $2,400,000 | $100,000 (4.00%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 6:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.