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$1,998,000
153 Days Online

1046 Laguna Avenue
Los Angeles, CA 90026

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by David Pearl of KW Advisors

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1046 Laguna Avenue1046 Laguna Avenue1046 Laguna Avenue1046 Laguna Avenue
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(5) unit apartment community located in Echo Park. LOCATON! LOCATION! LOCATION! Located just up the street from Echo Park Lake, and the hip restaurant, shopping, and entertainment options on Sunset Blvd, both only a 5-minute walk away. This is a charming craftsman style property that sits perched on a hillside with views of the City. This (5) five-unit property consists of 3,250 SF and was built in 1920/1922, which sits on a 5,517 SF lot. The unit mix consists of (2) Singles, (1) 1-bedroom/1-bath, and (2) 2-bedroom/1-bath. The apartments are well maintained and feature hardwood floors, private entrances, decks/patios, fireplaces and clawfoot tubs. All units have their own washers/dryers and individual water heaters. The units are also individually metered all utilities significantly reducing operating expenses. Additionally, there are a total of five (5) garages, which include a detached parking garage in the rear alley which could be rented as parking/storage to generate additional income. The parking structure may also offer ADU potential, buyer to verify. No soft-story retrofit is required, and the property just passed its SCEP inspection. There are no COVID balances or delinquencies. The property boasts an 88 Walk Score, "Very Walkable". This value-add opportunity is attractively priced at a going-in 4.79% Cap Rate and 6.48% Pro Forma Cap Rate.* This property is part of a 3-property portfolio consisting of 14 units in total. All properties can be purchased together or individually.

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Listing Snapshot
Price 
$1,998,000
Days Online 
153 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,250 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1267 Acres
Year Built 
1922
MLS Number 
22136569
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS
5 months agoListing first seen online
General Features
Style 
Craftsman
Parking 
Detached Carport
Parking Spaces 
5
Number of Stories 
2
Acreage 
0.1267
Zoning 
LARD2
Listing Conditions 
Standard
Interior Features
Appliances 
RefrigeratorDryerWasher
Laundry Features 
InsideOutside
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Community Features
Association Dues 
0
Senior Community 
No
MLS Area 
C21 - Silver Lake - Echo Park
Crmls Logo Real Estate For Sale

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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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