We are pleased to present an eight (8) unit apartment building located at 1331 Sutherland Street in Los Angeles, California. The subject property is located in a prime Echo Park location, north of Sunset Boulevard and east of Alvarado Street. Located in a prime Echo Park neighborhood, this rare multifamily… Read More offering features an attractive unit mix of six one-bedroom units and two two-bedroom units, with three units delivered vacant ready to be renovated. The property boasts exceptional rental upside of over 60%, supported by fully on-site parking and a highly sought-after opportunity to convert both tuck-under and open parking areas into 5+ ADUs. There is also a vacant laundry room. Long held by the original developer's family since 1965, the building presents a unique value-add canvas enhanced by wonderful city views from select units. The property is located just north of Sunset Boulevard and within walking distance to local bars, restaurants, and Echo Park nightlife. Being offered for the first time since the building was built in the 1960's with three vacant units, 1331 Sutherland Street offers an investor an ideal value add opportunity with great ADU potential. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
10
Square Ft.
5,644
Lot Size
0.17 Acres
Year Built
1967
MLS Number
26633659
30 Days Snapshot Of 90026
$1.57M
+1%
(avg) sold price
6
-45%
homes sold
44
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5,644 sq ft, Built in 1967, Levels: Two
Disclosures
As Is
Garage
Uncovered, Covered Parking
Lot
LotAcreage: 0.1652, LotSizeArea: 7,194
Parking
TotalParking: 0
Property
NumberOfUnits: 8, Zoning: LARD2
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