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Los Angeles, CA 90026 2226 Branden Street

$1,800,000

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Presented By: Alan Lu with ALTC Realty; 626-378-8007
  • MLS# AR23230449
  • 12/27/2023
  • Request Tour
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  • BedBeds • 6
  • BathBaths • 2
  • FootageSQFT • 2,248

Home Details

Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.
Presented By: Alan Lu with ALTC Realty; 626-378-8007

Interior Features for 2226 Branden Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringConcrete, Laminate
Heating Y/NYes
Laundry FeaturesInside, Outside
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 2226 Branden Street

Additional Parcels Y/NNo
Architectural StyleModern
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.25
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CoolingCentralAir
CountyLos Angeles
Current FinancingNone
Days on Market5
DirectionsCross St Alvarado
Energy EfficientAppliances, Thermostat, WaterHeater
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income90600.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense1200.0
Interior FeaturesBedroomonMainLevel, MainLevelPrimary
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet7397.0
MLS AreaC21 - Silver Lake - Echo Park
MobileHomeRemainsYNNo
Net Operating Income72480.0
New ConstructionYes
Number of Units Leased2
Open Parking Spaces4.0
Operating Expense18120.0
Pool FeaturesNone
PossessionCloseOfEscrow, SeeRemarks
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameBranden
Tax Lot334
Taxes$12,500
Tenant PaysElectricity, Gas
Total Actual Rent7850.0
Total Units2
Trash Expense0.0
UtilitiesSewerConnected
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built2021
Year Built SourceBuilder
ZoningLAR2

Exterior for 2226 Branden Street

Building Area Total2248.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1698
Lot Size Area7397.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,800,000
MLS#AR23230449
List Date 12/27/2023
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors