1445 Calumet Avenue Los Angeles, CA ^$ 2,300,000

1445 Calumet Avenue

^$ 2,300,000

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1445 Calumet Avenue

Los Angeles, CA, 90026

^$ 2,300,000

Studio Baths0.0 Sq 3,144

Monthly Estimate*

^$ 16,066

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,300,000. This 3,144 square foot home was built in 1922 on a lot size of 0.15.

This private, charming, turnkey investment, with current annual NOI over $100K/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: $174,692.75/yr. Pro forma rent: $220,821/yr. (6.78% Cap rate). Current cap rate 4.76% (one unit delivered vacant). Permit history, general and sewer inspections, and rent rolls available for viewing.

Multi-Family Active

Price

^$ 2,300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.15

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023314985

Features

General

Interior Features Ceiling Fan(s) Cathedral Ceiling(s)

Sewer None

Heating Forced Air

Zoning LAR2

Architectural Style Bungalow

Security Features Gated Community

Construction Materials Clapboard

Year Built 1922

Levels One

County Los Angeles

Net Operating Income 154219.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C21 - Silver Lake - Echo Park

Lot Size Square Feet 6744.0

Street Name Calumet

Standard Status Active

Buyer Agent Compensation Type %

Interior

Flooring Wood

Kitchen Appliances Dishwasher Refrigerator

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

Exterior

Lot Size Area 6744.0

Foundation Details None

Building Area Total 3144.0

Lot Size Acres 0.15

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Emily Johnson

Listing Agent

Sotheby's International Realty

Broker

Affordability Calculator

$16,066

Per Month

Monthly Principal & Interest: $16,066
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,033,241

Percent of Sale Price 12%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/17/2024	$2,300,000	-4.17%	Price Down
11/30/2023	$2,400,000	-4.00%	Price Down
9/27/2023	$2,500,000		Listed Price

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1445 Calumet Avenue, Los Angeles, CA, 90026 is a Multi-Family Home for sale at $2,300,000 with 3,144 sqft and a lot size of 0.15. 1445 Calumet Avenue is a studio with 0.0 baths and was built in 1922. The property's zip code is 90026 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/13/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1445 Calumet Avenue

Multi-Family Home for sale in Los Angeles, CA

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