1445 Calumet Avenue Los Angeles, CA 90026
This private, charming, turnkey investment, with current cap rate of 5.6% and annual NOI over $118, 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 patios and outdoor space. These units were fully renovated with permits 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 but with upside potential if you add laundry to each unit. Permit history, general and sewer inspections, and rent rolls available for viewing. Recent termite clearance provided. Motivated seller.
- Property TypeMulti-Family
- NeighborhoodAngelino Heights
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive
- MLS ID Number24433023
- Home Size Source N/A
- Year Built1922
- Lot Size0.1548 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Bungalow
- Parking None
- Parking Spaces 0
- Number of Stories 11
- Acreage 0.1548
- Security Gated Community
- Zoning LAR2
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Forced Air
- Appliances DishwasherRefrigerator
- Flooring Wood
- Interior Ceiling Fan(s)Cathedral Ceiling(s)
Exterior Features
- Pool Features Fenced
- Patio And Porch Enclosed
Community Features
- Senior Community No
- MLS Area C21 - Silver Lake - Echo Park
- Security Features Gated Community