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Los Angeles, CA 90026 1445 Calumet Avenue

$2,300,000

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Presented By: Emily Johnson with Sotheby's International Realty;
  • MLS# 23314985
  • 09/26/2023
  • Request Tour
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  • BedBeds • 7
  • BathBaths • 7
  • FootageSQFT • 3,144

Home Details

This private, charming, turnkey investment, with current annual NOI over $111,000/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 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: $177,092/ yr. Pro forma rent: $247,221/ yr. (7.81% Cap rate). Current cap rate 4.86%. Permit history, general and sewer inspections, and rent rolls available for viewing.
Presented By: Emily Johnson with Sotheby's International Realty;

Interior Features for 1445 Calumet Avenue

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths7

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Street SuffixAvenue
Total Stories1

General for 1445 Calumet Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator
Architectural StyleBungalow
Attached Garage No
Cap Rate7.81
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsClapboard
CoolingNone
CountyLos Angeles
Days on Market191
DirectionsEast of Echo Park, west of Douglas, between Bellevue and Sunset.
Garage Y/NNo
Gross Income247221.0
HOA / Comm AssnNo
HeatingForcedAir
Home Warranty Y/NNo
Interior FeaturesCeilingFans, CathedralCeilings
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6744.0
MLS AreaC21 - Silver Lake - Echo Park
MobileHomeRemainsYNNo
Net Operating Income179827.0
New ConstructionNo
Occupancy TypeTenant
Patio/Porch FeaturesEnclosed
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameCalumet
Subdivision NameAngeleno Heights
Total Units7
View Y/NNo
Waterfront Y/NNo
Year Built1922
ZoningLAR2

Exterior for 1445 Calumet Avenue

Building Area Total3144.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1548
Lot Size Area6744.0
Lot Size SourceOther
Lot Size UnitsSquareFeet
Number of Buildings7
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,300,000
MLS#23314985
List Date 09/26/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors