1445 Calumet Ave Los Angeles, CA 90026
1445 Calumet Ave, Los Angeles, CA 90026 - 7 Beds, 0 Bath
1445 Calumet Ave, Los Angeles, CA 90026 - 7 Beds, 0 Bath
1445 Calumet Ave, Los Angeles, CA 90026 - 7 Beds, 0 Bath
Snapshot
Description
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.
More Details
History
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Price Changed | $2,300,000 -4.17% | $732 | Sotheby's International Realty | |
| Price Changed | $2,400,000 -4% | $763 | Sotheby's International Realty | |
| Listed For Sale | $2,500,000 | $795 | Sotheby's International Realty |
Nearby Schools
Elementary School Betty Plasencia Elementary | 0.3 miles away | KG - 05 | |
High School Civitas School Of Leadership | 0.5 miles away | 09 - 12 | |
High School School For The Visual Arts And Humanities | 0.5 miles away | 09 - 12 |
