1445 Calumet Ave

1445 Calumet Ave, Los Angeles, CA 90026, USA, 1445 Calumet Avenue , Los Angeles County, California
Property • 1 room(s) • 7 bed. • 292.09 m² • ref: BEP9QD
GBP 1,841,870
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.

Spaces

Rooms1
Bedrooms7

Surfaces

Living292.09 m²
Internal292.09 m²
Dishwasher

1445 Calumet Avenue , Los Angeles County, California, Los Angeles

TypeHouse
Construction year1922