577 N Boylston St - Apartments FOR SALE


Los Angeles, CA 90012- Echo Park
$1,395,000 USD
310-562-9630
577 N Boylston St, Los Angeles, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/36
null | 6.05% Cap Rate

577 N Boylston St
Los Angeles, CA 90012
Echo Park


HIGHLIGHTS

  • Over $10K Per Month in Rental Income! Excellent Current Income for Property in This Price Point
  • Most Tenants Have Rented For 5 Years or Less
  • Low Expense Property With Upgraded Systems in Turnkey Condition
  • Blocks Away from Sunset Blvd which is Home to Various Trendy Restaurants, Cafes, Shops, Bars and Entertainment Venues
  • Property has Been Maintained in Pride of Ownership Condition for 20 Years
  • New Electrical Panel, Subpanels & Meters in 2006 for all units; Copper Plumbing Throughout Both Structures; Rebuilt Concrete Foundation With Permits

OVERVIEW

Welcome to Echo Park’s, Angelino Heights, a community with rich history and world famous for its Victorian and Craftsman homes. Echo Park is known for its trendy restaurants, boutiques, bars & eclectic art and music scene. Just blocks away from iconic Sunset Blvd, and a quick jaunt to Echo Park Lake, this offering includes two structures: a front triplex, and rear duplex. The front structure features a large 3Br+1Ba apartment and two studio apartments upstairs. The larger studio is being held vacant for the new Buyer and has multiple interested potential tenants. The back duplex has two Spanish Style side by side 1Br+1Ba apartments, each with laundry. There is also a large courtyard between the two buildings, with crepe myrtle trees & a fig tree which makes for a lovely outdoor area. The property has had many of its systems upgraded, including a rebuilt foundation, copper plumbing, updated electrical and more. There is also a large basement in the triplex that has extensive storage space. The property is well loved and in turnkey condition. With strong rents and low expenses, this is an excellent investment.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

5

PRICE/UNIT

$279,000

CAP RATE

6.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units in Echo Park - 6% CAP!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RD2, Los Angeles

APN/PARCEL ID

5405-026-003

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass CommercialMore Info
310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

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