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1545 Duane St
Los Angeles, CA 90026 Echo Park

$1,125,000 USD

Multifamily For Sale • 1,784 SF

Property Details

Property Type Multifamily
Total Building Size 1,784 SF
Year Built 1910
Cap Rate 5.42 %
Zoning LAC1

44 Transit Score

68 Walk Score

                
                    Highlights
                
                                1 unit vacant & detached with in-unit washer/dryer
                            
                                Ideal elysian heights location off Echo Park Ave
                            
                                Three total units: two updated 1BR/1BA apartments plus one standalone 1BR/1BA California bungalow with private outdoor space
                            
                                Vacant bungalow delivered at closing, refreshed with chic mid-century style and highly desirable for an owner-user or premium rental
                            
                                Strong in-place income of $4,080/month with pro forma rents of $7,030/month ($84,360 annually) at stabilization
                            
                                Excellent opportunity for an owner-occupier to live stylishly in Echo Park while offsetting their mortgage with rental income

Property Flyers

1545 Duane St_Offering Memorandum Compressed

Financial Summary (Actual)

Net Operating Income: $60,978 USD (2024)

Cap Rate:	5.42 %
Total Expenses:	$20,851 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	3.0 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	3.0 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	14.7 mi
Los Angeles International	32 min	-	21.4 mi
Long Beach (Daugherty Field)	38 min	-	26.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Surface
Included in Rent:	Yes

Dana Coronado 310-562-9630 Compass Commercial - Sherman Oaks

1545 Duane St Los Angeles, CA 90026 Echo Park