Description
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...
Documents
Sale Details
- Cap Rate5.91%
- NOI$147,751
- Return-on-Cost4.99%
- Stabilized Cap Rate6.59%
- Stabilized NOI$164,809
- In-Place Cap Rate5.91%
- In-Place NOI$147,751
- GRM11.82
- Potential GRM10.85
- Cash-on-Cash1.47%
- In-Place Rents4,406
- Market Rents4,800
- Rents Below Market8.20%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units4
- Available Units1
- Occupancy75%
- Unit Mix2BR
- Average Unit Size942 SF
- Average Rent4,406 $/mo
- Year Built1914
- Year Renovated2023
- Parking Ratio1.06 per 1000 SF
Property Details
- Property TypeMultifamily
- Total Units4
- Available Units1
- Occupancy75%
- Unit Mix2BR
- Average Unit Size942 SF
- Average Rent4,406 $/mo
- Year Built1914
- Year Renovated2023
- Parking Ratio1.06 per 1000 SF













Deal Team

Description
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...
Documents
Sale Details
- Cap Rate5.91%
- NOI$147,751
- Return-on-Cost4.99%
- Stabilized Cap Rate6.59%
- Stabilized NOI$164,809
- In-Place Cap Rate5.91%
- In-Place NOI$147,751
- GRM11.82
- Potential GRM10.85
- Cash-on-Cash1.47%
- In-Place Rents4,406
- Market Rents4,800
- Rents Below Market8.20%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units4
- Available Units1
- Occupancy75%
- Unit Mix2BR
- Average Unit Size942 SF
- Average Rent4,406 $/mo
- Year Built1914
- Year Renovated2023
- Parking Ratio1.06 per 1000 SF
Property Details
- Property TypeMultifamily
- Total Units4
- Available Units1
- Occupancy75%
- Unit Mix2BR
- Average Unit Size942 SF
- Average Rent4,406 $/mo
- Year Built1914
- Year Renovated2023
- Parking Ratio1.06 per 1000 SF
Deal Team

