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  • Property Type
    MultifamilyProperty Type
  • Total Units
    4Total Units
  • Asking Price
    $2,500,000Asking Price
  • Unit Mix
    2BRUnit Mix
  • Year Renovated
    2023Year Renovated
  • In-Place Rents
    $4,406In-Place Rents

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

Offering Summary

  • Asking Price
    $2,500,000
  • Price PSF
    $663
  • Price/Unit
    $625,000

Sale Details

  • Cap Rate
    5.91%
  • NOI
    $147,751
  • Return-on-Cost
    4.99%
  • Stabilized Cap Rate
    6.59%
  • Stabilized NOI
    $164,809
  • In-Place Cap Rate
    5.91%
  • In-Place NOI
    $147,751
  • GRM
    11.82
  • Potential GRM
    10.85
  • Cash-on-Cash
    1.47%
  • In-Place Rents
    4,406
  • Market Rents
    4,800
  • Rents Below Market
    8.20%

Documents

Property Address

1807 Montana Street
Los Angeles, CA 90026

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Available Units
    1
  • Occupancy
    75%
  • Unit Mix
    2BR
  • Average Unit Size
    942 SF
  • Average Rent
    4,406 $/mo
  • Year Built
    1914
  • Year Renovated
    2023
  • Parking Ratio
    1.06 per 1000 SF

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Available Units
    1
  • Occupancy
    75%
  • Unit Mix
    2BR
  • Average Unit Size
    942 SF
  • Average Rent
    4,406 $/mo
  • Year Built
    1914
  • Year Renovated
    2023
  • Parking Ratio
    1.06 per 1000 SF

Deal Team

Filip Niculete profile image
Filip Niculete

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

Offering Summary

  • Asking Price
    $2,500,000
  • Price PSF
    $663
  • Price/Unit
    $625,000

Sale Details

  • Cap Rate
    5.91%
  • NOI
    $147,751
  • Return-on-Cost
    4.99%
  • Stabilized Cap Rate
    6.59%
  • Stabilized NOI
    $164,809
  • In-Place Cap Rate
    5.91%
  • In-Place NOI
    $147,751
  • GRM
    11.82
  • Potential GRM
    10.85
  • Cash-on-Cash
    1.47%
  • In-Place Rents
    4,406
  • Market Rents
    4,800
  • Rents Below Market
    8.20%

Documents

Property Address

1807 Montana Street
Los Angeles, CA 90026

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Available Units
    1
  • Occupancy
    75%
  • Unit Mix
    2BR
  • Average Unit Size
    942 SF
  • Average Rent
    4,406 $/mo
  • Year Built
    1914
  • Year Renovated
    2023
  • Parking Ratio
    1.06 per 1000 SF

Property Details

  • Property Type
    Multifamily
  • Total Units
    4
  • Available Units
    1
  • Occupancy
    75%
  • Unit Mix
    2BR
  • Average Unit Size
    942 SF
  • Average Rent
    4,406 $/mo
  • Year Built
    1914
  • Year Renovated
    2023
  • Parking Ratio
    1.06 per 1000 SF

Deal Team

Filip Niculete profile image
Filip Niculete
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