Active

1445 Calumet Ave

Los Angeles CA, 90026

$2,100,000


$667.94 per sqft

Active

7 Beds

7 Baths

3,144 sqft

Residential

Built in 1922

This private, charming, turnkey investment, with current annual NOI over $115,000/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 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 with newer roofs, sewer lines and decks. There is still quite a bit of upside if you add laundry to each unit. Total projected 2024 rent for all 7 units: $192,649/ yr. CURRENT CAP RATE: 5.5%. Permit history, general and sewer inspections, and rent rolls available for viewing. Motivated seller.

23-314985

MLS ID

September 26, 2023

Listed

June 12, 2024

Updated

Map

1445 Calumet Ave
Los Angeles CA, 90026

Interior Features

Total Stories

1


Bedrooms

7


Total Bathrooms

7


Interior Features

Cathedral-Vaulted Ceilings


Appliances

Dishwasher, Ceiling Fan, Refrigerator, Range/Oven


Laundry Description

Laundry Area


Floor Description

Hardwood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.15 Acres


Architectual Style

Bungalow

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

232


Garage

No


Parking

None


Parking Total

0


View

No


County

Los Angeles


Pool

No


Pool Features

Fenced


Zoning

LAR2

Listing History

Date

Event

Price

6/12/2024

Price Change

$2,100,000

-9%

1/16/2024

Price Change

$2,300,000

-5%

1/16/2024

Active

1/2/2024

Pending

12/20/2023

Under Contract

12/1/2023

Price Change

$2,400,000

-4%

Listed by Emily Johnson with Sotheby's International Realty
Listing Contact: 323-314-8908 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Angelas Sell Los Angeles | CA DRE# 02050331 | CA DRE# 01917116 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/12/2024

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