1244 Innes Avenue Los Angeles, CA $ 4,500,000
1244 Innes Avenue
$ 4,500,000
New Construction
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1244 Innes Avenue

Los Angeles, CA, 90026
$ 4,500,000
Bedrooms27 Baths0.1 Sq 8,864

Monthly Estimate*

$ 31,434

Listed by ALTC Realty
1244 Innes Avenue, Los Angeles, CA 90026 - Image 1
1244 Innes Avenue, Los Angeles, CA 90026 - Image 2
1244 Innes Avenue, Los Angeles, CA 90026 - Image 3
1244 Innes Avenue, Los Angeles, CA 90026 - Image 4
1244 Innes Avenue, Los Angeles, CA 90026 - Image 5
1244 Innes Avenue, Los Angeles, CA 90026 - Image 6
1244 Innes Avenue, Los Angeles, CA 90026 - Image 7
1244 Innes Avenue, Los Angeles, CA 90026 - Image 8

Multi-Family Home for sale in Los Angeles, CA

for $4,500,000 with 27 bedrooms and 1 half bath. This 8,864 square foot home was built in 2024 on a lot size of 0.2276.

Presenting an amazing opportunity to purchase a turn key coliving or short term rental property featuring twenty seven bedrooms in the highly desirable area of Echo Park. This new construction project consists of a brand new four unit apartment building with five bedrooms and three and a half baths each in addition to a completely remodeled unit in the rear that has its own seven bedrooms. A semi below grade garage level also offers ample storage and the option for additional income from parking. Designed with efficiency and comfort in mind, each unit maximizes space and livability while also taking into account operator logistics such as cleaning closets, IT, and ample storage. Tenants will enjoy floor to ceiling windows, plenty of natural light, and modern curated finishes. Half of the units have access to a common area roof deck with sweeping views from DTLA to Hollywood, and amenities abound nearby. Dodgers Stadium is within walking distance, and coffee shops as well as the most popular restaurants are all within reach. Situated right in the midst of this thriving locale with an exceptionally strong rental market, do not miss this chance to purchase a turnkey building ready to generate income on day one.

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Multi-Family Active

Price

$ 4,500,000

Bedrooms

27

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.2276

Year Built

2024

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

AR23225195

Days on Market

132

Features
General
Interior Features HighCeilings OpenFloorplan
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities ElectricityConnected SewerConnected WaterConnected
Appliances GasRange Dryer Washer
Zoning LAR3
HOA 0.0
Garage Spaces 10.0
Pool Features None
Year Built 2024
Levels ThreeOrMore
Property SubType Apartment
Gross Income 426600.0
Community Features Urban
Accessibility Parking
County Los Angeles
Net Operating Income 335070.0
Operating Expense 91530.0
Insurance Expense 10000.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Cross St. Sunset Blvd
City Los Angeles
Entry Location 2
View Y/N N
Senior Community Y/N N
Total Units 5
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 9916.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Innes
Listing Terms Cash Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 5800.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 2000.0
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 13
Building Area Units SquareFeet
Standard Status Active
Year Built Source Builder
Tax Lot 43
Property Sub Type Additional Apartment
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Interior
Flooring Laminate
Fireplace Features None
Total Stories 3
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Entry Level 2
Electric On Property Y/N N
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Exterior
Parking Features Garage
Lot Features Item01UnitAcre
Water Source Public
Total Parking 10.0
Lot Size Area 9916.0
Number of Buildings 2
Spa N
Building Area Total 8864.0
Lot Size Acres 0.2276
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1244
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* Excluded Features
List By
Altc Realty

Broker

(626) 378-8007

Phone

Affordability Calculator

$31,434
Per Month
100%
0%
0%
Monthly Principal & Interest
$31,434
Monthly Property Taxes
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Monthly 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
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/20/2023$4,500,000 Listed Price

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1244 Innes Avenue, Los Angeles, CA, 90026 is a Multi-Family Home for sale at $4,500,000 with 8,864 sqft and a lot size of 0.2276. 1244 Innes Avenue has 27 bedrooms, 0.1 baths, and was built in 2024. The property's zip code is 90026 which is in Los Angeles, CA