1661 Lemoyne St - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$1,500,000 USD
626-393-4734
1661 Lemoyne St, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/11
null | 4.63% Cap Rate

1661 Lemoyne St
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • ADVANTAGEOUS LOCATION
  • CULTURAL DIVERSITY
  • WALKABILITY
  • PROXIMITY TO MULTIPLE FREEWAYS
  • SIGNIFICANT VALUE-ADD OPPORTUNITY

OVERVIEW

CBRE, Inc. is proud to present 1661 Lemoyne Street in Los Angeles, CA a homerun investment walking distance from the Dodger’s Stadium. This multifamily property represents an exceptional investment opportunity in the Echo Park submarket, 1.5 miles from the Dodger’s Stadium.. Conveniently located in the heart of Echo Park, the property is easily accessible, bordered by the 2, 5, 110, and 101 freeways. 1661 Lemoyne St. features 9 well-maintained residential units, offering a total building square footage of 5,463 on a combined lot area of approximately 6,101 SF. Originally constructed in 1911 and zoned for R2-1VL, the building has separately metered utilities, providing convenience for tenants. The current unit mix includes 8 one-bedroom/one-bathroom units and 1 twobedroom/ one-bathroom unit.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

9

PRICE/UNIT

$166,667

CAP RATE

4.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1661 Lemoyne Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,101 SF

ZONING

R2-1VL

APN/PARCEL ID

5419-004-001

ASK ABOUT THIS PROPERTY

Greg NassirCBRE, Inc.More Info
626-393-4734

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Greg NassirCBRE, Inc.More Info
626-393-4734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.