1807 Montana Street

Nestled in the heart of Echo Park, 1807 Montana Street presents a rare opportunity to acquire a fully renovated, four-unit low-rise multifamily asset. Originally constructed in 1914 and comprehensively modernized in 2023, this property combines historic charm with contemporary finishes. Each of the three-bedroom residences averages 942 square feet, offering comfortable layouts, in-unit amenities, and individual entries that appeal to long-term tenants. Situated on a 0.16-acre parcel, the building benefits from a 1.06-stall per 1,000 SF parking ratio, providing four dedicated surface spaces—a prized feature in this transit-oriented neighborhood.

Asking $2,500,000 ($663/SF), 1807 Montana Street is delivering an in-place net operating income of $147,751 for a 5.91% cap rate, with stabilized projections pushing NOI to $164,809 and a 6.59% cap rate upon achieving market rents. At present, average in-place rents of $4,406 per unit trail Echo Park’s market average of $4,800 by approximately 8.2%, creating immediate uplift potential. With occupancy at 75%, a new owner stands to enhance cash flow and value through lease-up initiatives and rental rate optimization, all within one of Los Angeles’s most dynamic submarkets.

Echo Park’s vibrant streetscapes, eclectic retail corridors, and proximity to downtown Los Angeles continue to fuel rental demand and long-term appreciation. This property is ideally positioned for investors seeking a stabilized cash-flowing asset with near-term upside, whether for a core-plus hold or a 1031 exchange. 1807 Montana Street offers a turnkey solution for those looking to capitalize on Southern California’s resilient multifamily market.