1661 Echo Park Ave
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1661 Echo Park Ave
4 Unit Apartment Building $1,990,000 ($497,500/Unit) 4% Cap Rate Los Angeles, CA 90026
Executive Summary
Boardwalk Real Estate Inc. and Kidder Mathews are pleased to present 4 units along prime Echo Park Avenue for sale. The 4,012 SF property, spread across 5,242 SF of land, consists of two duplexes and is located at 1661 Echo Park Ave, Los Angeles, CA 90026. The fully occupied property lends itself to an investor looking for optimal cash flow with minimal maintenance.
All four units are separately metered for gas and electricity. The front duplex, facing Echo Park Ave, was completely renovated in 2015 with recent improvements for insulation and sound transmission completed in 2024. The ground unit consists of three bedrooms and 2 bathrooms, and the upstairs unit is two bedrooms and one bathroom with its own separate entrance and balcony. The driveway is shared between both units. The rear duplex consists of two, three bedroom and one bathroom units.
The property is situated next door to the popular Valerie Confections and only a short walk to trendy spots like Canyon Coffee and Bacetti. It is .5 miles from Sunset Blvd and provides easy access to 101 and 110 freeways, allowing seamless connectivity to all of Los Angeles including downtown Los Angeles, Dodger Stadium, and Chinatown. This property offers the perfect blend of urban convenience and neighborhood charm.
All four units are separately metered for gas and electricity. The front duplex, facing Echo Park Ave, was completely renovated in 2015 with recent improvements for insulation and sound transmission completed in 2024. The ground unit consists of three bedrooms and 2 bathrooms, and the upstairs unit is two bedrooms and one bathroom with its own separate entrance and balcony. The driveway is shared between both units. The rear duplex consists of two, three bedroom and one bathroom units.
The property is situated next door to the popular Valerie Confections and only a short walk to trendy spots like Canyon Coffee and Bacetti. It is .5 miles from Sunset Blvd and provides easy access to 101 and 110 freeways, allowing seamless connectivity to all of Los Angeles including downtown Los Angeles, Dodger Stadium, and Chinatown. This property offers the perfect blend of urban convenience and neighborhood charm.
Property Facts
| Price | $1,990,000 | Property Subtype | Apartment |
| Price Per Unit | $497,500 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 15.7 | Building Size | 3,858 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Price | $1,990,000 |
| Price Per Unit | $497,500 |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 15.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,858 SF |
| No. Stories | 2 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 923 |
| 3+1 | 2 | - | 708 - 988 |
| 3+2 | 1 | - | 1,393 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5419-008-002 | Improvements Assessment | $861,900 |
| Land Assessment | $1,137,300 | Total Assessment | $1,999,200 |
PROPERTY TAXES
Parcel Number
5419-008-002
Land Assessment
$1,137,300
Improvements Assessment
$861,900
Total Assessment
$1,999,200
zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
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1661 Echo Park Ave
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