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831 Glendale Boulevard, Echo Park, CA 90026 (MLS # SB21062956)

831 Glendale Boulevard, Echo Park, CA 90026 (MLS # SB21062956)


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PRICE $2,600,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 6,970 sqft

We are pleased to present the coveted Echo Park “Lakeside Apartments”, which, true to its name, sits directly across from Echo Park Lake along its West border. Built in 1986, this 5 Unit Apartment Building is NOT subject to the harsh measures of LA City Rent Control. The building boasts an outstanding Unit Mix of (5) 2-Bed/1-Bath Units, with (2) of which to be delivered vacant at COE! Further, the 4,432 Sq Ft structure sits on a healthy 6,999 Sq Ft of land and possesses an efficient footprint that offers ample parking to its occupants. Each unit is provided (1) assigned space and plenty of room to spare for comfortable ingress/egress. Recently, ownership has carried out a significant amount of capital improvements including, but not limited to, a new roof, renovated kitchens, and upgraded flooring throughout. From a financial standpoint, the (2) vacancies - along with the current, in-place rents - present investors with the opportunity for excellent income upon acquisition & lease up, by way of the generous 4.38% CAP Rate and 14.81 GRM. Moreover, the property's excellent WalkScore® of 94 (“Walker’s Paradise”) is representative of one of the many factors that have led to rapid growth in tenant demand within the Submarket over recent years, especially amongst the millennial population. In addition, the Property lies in a Tier 2 TOC Zone and is, in turn, awarded a 35% Density Bonus. This is exponentially significant given the unparalleled location of the Lakeside Apartments.

DAYS ON MARKET 50 LAST UPDATED 4/12/2021
YEAR BUILT 1986 COMMUNITY 699 - Not Defined
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to Apr 12, '21 $2,550,000
Apr 12, '21 - Today $2,600,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Disposal, Double Oven, Dryer, Freezer, Gas Oven, Microwave, Refrigerator, Washer, Water Heater
AREA 699 - Not Defined
HEAT Wall Furnace
HOA DUES 0
INTERIOR Granite Counters
LOT 6970 sq ft
LOT DESCRIPTION Front Yard, Near Park
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
UTILITIES Electricity Available,Natural Gas Available,Sewer Available,Water Available
VIEW Yes
VIEW DESCRIPTION Lake
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Lake Front
ZONING LARD2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 831 GLENDALE BOULEVARD
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Listing provided by : Joshua Barut CalDRE: 01971720, Lyon Stahl Investment Real Estate, Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/21 6:44 PM PDT and /or other sources. 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

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