Description

The LAAA Team of Marcus & Millichap is pleased to present 1807 Montana Street, a four-unit boutique property in the heart of Echo Park, now offered at $2,395,000, reduced from $2,500,000. Originally built in 1914 and comprehensively reimagined in 2023 by Dean Levin of 22RE, the property holds four uniform 2BD/2BA residences with an average unit size of roughly 942 square feet. The pricing equates to $598,750 per unit with a 5.84% current cap rate and 6.94% on stabilization.

Pricing: Reduced to $2,395,000, $598,750 per unit and $635.62 per square foot across 3,768 gross square feet.

Uniform Unit Mix: All four residences are 2BD/2BA with an average unit size of roughly 942 square feet, appealing to roommates, couples, and work-from-home professionals.

Design Pedigree: Reimagined in 2023 by Dean Levin of 22RE, the Pratt-trained architect profiled in PIN-UP Magazine and Surface, with paneled kitchens, plaster and tile bathrooms, and custom cabinetry.

Stabilized Upside: $139,858 of current NOI with $166,121 projected on full market stabilization, a 5.84% going-in cap rate moving to 6.94%.

Echo Park Location: Walking distance to Bacetti Trattoria, Canyon Coffee, Honey Hi, and the Sunset retail corridor, with Downtown Los Angeles roughly three miles southeast.