Active
1445 Calumet Ave
Los Angeles CA, 90026
$2,300,000
$731.55 per sqft
Active
7 Beds
7 Baths
3,144 sqft
Residential
Built in 1922
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.
23-314985
MLSⓇ ID
September 26, 2023
Listed
May 9, 2024
Updated
Map
1445 Calumet Ave
Los Angeles CA, 90026
Interior Features
Total Stories
1
Bedrooms
7
Total Bathrooms
7
Interior Features
Cathedral-Vaulted Ceilings
Appliances
Dishwasher, Ceiling Fan, Refrigerator, Range/Oven
Laundry Description
Laundry Area
Floor Description
Hardwood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.15 Acres
Architectual Style
Bungalow
Other Property Details
Area Name
Silver Lake - Echo Park
Days on Market
191
Garage
No
Parking
None
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LAR2
Listing History
Date | Event | Price |
|---|---|---|
1/16/2024 | Price Change | $2,300,000 -5% |
1/16/2024 | Active | — |
1/2/2024 | Pending | — |
12/20/2023 | Under Contract | — |
12/1/2023 | Price Change | $2,400,000 -4% |
Listed by Emily Johnson with Sotheby's International Realty
Listing Contact: 323-314-8908
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Aspire Los Angeles shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024
