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1807 Montana St
Los Angeles, CA 90026 Echo Park

$2,500,000 USD

Apartments For Sale • 3,768 SF

Property Details

Property Type Apartments
Total Building Size 3,768 SF
Lot Size 0.16 AC
Building Class B
Year Built 1914
Cap Rate 5.91 %
Zoning LAR1.5

58 Transit Score

96 Walk Score

                
                    Highlights
                
                                Architect-Designed by Dean Levin / 22RE - Comprehensively renovated in 2023 by Dean Levin of 22RE,
                            
                                5.91% Current Cap Rate with 6.59% Stabilized Upside - $147,751 current NOI with projected upside to $164,809 upon full market stabilization
                            
                                Uniform 2BD / 2BA Unit Mix - All four residences average approximately 942 square feet, catering to roommates, couples, and work-from-home 
                            
                                Fully Renovated in 2023 – Reduced Capital Risk - Comprehensive renovation mitigates deferred maintenance concerns common to vintage Echo Park assets, 
                            
                                Furnished, Turnkey Residences - Fully furnished, hospitality-grade apartments command premium rents and attract high-income tenants

Financial Summary (Actual)

Net Operating Income: $166,981 USD (2024)

Cap Rate:	5.91 %
Total Expenses:	$40,793 USD

Amenities

Washer/Dryer
Washer/Dryer Hookup
Kitchen
Oven
Range
Tub/Shower
Den
Instant Hot Water
Island Kitchen
Porch

Public Transportation

Commuter Rail	Drive	Walk	Distance
	5 min	-	2.3 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))	8 min	-	2.4 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	14.1 mi
Los Angeles International	29 min	-	20.4 mi
Long Beach (Daugherty Field)	36 min	-	25.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Covered
Included in Rent:	Yes

Filip Niculete 818-212-2748 Marcus & Millichap

1807 Montana St Los Angeles, CA 90026 Echo Park