Est. cap rate

2.9%

Assumed rent, all units

$6,930/mo

Units

3

Price per unit

$483,333

Est. annual NOI

$41,580

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

1,877 sqft

Lot size

6,734 sqft

Year built

1925

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

8

MLS #

247871364

About this property

THREE DETACHED SPANISH BUNGALOWS. ONE PRIVATE COMPOUND, IN THE HEART OF ECHO PARK! This is the kind of property that feels unmistakably LA. Tucked behind a gated entry and oversized hedge, three detached Spanish bungalows come together on one lush, private lot in the heart of Echo Park. Think old school LA character meets modern neighborhood cool with plenty of outdoor space and privacy. The two front bungalows are each 1BR/1BA, while the larger rear bungalow offers 2BR/1BA (plus a bonus bathroom). Every unit has its own private deck and outdoor space, along with individual laundry, updated kitchens, and stylish finishes that complement the original Spanish character. Up top, the deck delivers stunning Downtown LA skyline views, the kind of backdrop that makes an evening at home feel like a night out. Lush landscaping throughout the property adds another layer of privacy and gives the entire compound a relaxed, tucked-away vibe. And then there’s the location. Classic Echo Park, with everything you want close by. Echo Park Lake, Elysian Park, Silver Lake Reservoir, Mohawk Bend, Sage, The Echo and countless coffee shops, restaurants, bars, galleries, and neighborhood hangouts are all close by. The 101, 110, and 5 are also just minutes away when you need to venture beyond the neighborhood. Rare, private, and undeniably cool. A true Echo Park original!

Location

1927 Delta

Los Angeles, Los Angeles, CA, 90026