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1445 Calumet Avenue Los Angeles, CA $ 2,300,000
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$ 2,300,000 Get more info
1445 Calumet Avenue
$ 2,300,000
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1445 Calumet Avenue

Los Angeles, CA, 90026
$ 2,300,000
Bedrooms7 Baths7.0 Sq 3,144

Monthly Estimate*

$ 16,066

Listed by Sotheby's International Realty
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Multi-Family Home for sale in Los Angeles, CA

for $2,300,000 with 7 bedrooms and 7 full baths. This 3,144 square foot home was built in 1922 on a lot size of 0.1548.

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.

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Multi-Family Active

Price

$ 2,300,000

Bedrooms

7

Full Bath

7

Property Type

Multi-Family

Taxes

$ 0

Style

Bungalow

Lot Size

0.1548

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

23314985

Days on Market

218
Features
General
Interior Features CeilingFans CathedralCeilings
Heating ForcedAir
Cooling None
Appliances Dishwasher Refrigerator
Zoning LAR2
Patio/Porch Features Enclosed
Architectural Style Bungalow
Security Features GatedCommunity
Construction Materials Clapboard
Year Built 1922
Stories 1
Levels One
Gross Income 247221.0
Community Features Gated
County Los Angeles
Net Operating Income 179827.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Angeleno Heights
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions East of Echo Park west of Douglas between Bellevue and Sunset.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 7
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 6744.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Calumet
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 177
Standard Status Active
Occupancy Description Tenant
Cap Rate 7.81
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Interior
Flooring Wood
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 7
Electric On Property Y/N N
Total Baths 7
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Exterior
Parking Features None
Total Parking 0.0
Lot Size Area 6744.0
Number of Buildings 7
Spa N
Building Area Total 3144.0
Lot Size Acres 0.1548
Lot Size Units SquareFeet
Lot Size Source Other
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 1445
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* Excluded Features
List By
Sotheby's International Realty

Broker

(323) 314-8908

Phone

Affordability Calculator

$16,066
Per Month
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Monthly Principal & Interest
$16,066
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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
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/16/2024$2,300,000 -4.17% Price Down
11/29/2023$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 0.1548. 1445 Calumet Avenue has 7 bedrooms, 7.0 baths, and was built in 1922. The property's zip code is 90026 which is in Los Angeles, CA

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