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1922 Montrose St

Los Angeles, CA 90026
  • $6,155,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 22-134443
UPDATED: 42 min ago
$6,155,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,172
    SQFT
  • $551
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

1922 Montrose Street is a repositioned 1920's vintage turn-key asset in Echo Park. The offering provides a totally reimagined 20-unit multifamily community in one of the strongest and sought-after rental markets in LA and is ideally located near the iconic Echo Park Lake and within walking distance of many neighborhood hot spots. Seventeen of the twenty units have been thoughtfully renovated and boast a modern, clean aesthetic while still maintaining the original charm that Echo Park is so famous for. Other recent significant upgrades include: 1) The installation of 22 dual-glazed windows throughout the property, 2) The addition of anchored sill plates, plywood added to cripple walls, and a seismically retrofitted foundation 3) 17 Mini-Split air conditioning systems added and 4) New electrical in 17 of the units and all sub-panels were replaced and updated. The 17 fully renovated units feature sleek Scandinavian designs elements, new doors, beautiful hardwood flooring, new cabinetry, new fixtures, bright white wall finishes, and new stainless-steel appliances. Best of all, Echo Park is on the radar of in-the-know prospective apartment investors and renters. 1922 Montrose Streets is a "Walker's Paradise and boasts an enviable Walk Score of 94. There are many stylish and trendy cafes, restaurants, and entertainment venues within walking distance.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/126500119
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1922 Montrose St Los Angeles, CA 90026

  • Price: $6,155,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 42 min ago
  • MLS #: 22-134443
8
Beds
0
Baths
0
½ Baths
0.17
Acres
11,172
SQFT
$551
$/SQFT
1927
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
1922 Montrose Street is a repositioned 1920's vintage turn-key asset in Echo Park. The offering provides a totally reimagined 20-unit multifamily community in one of the strongest and sought-after rental markets in LA and is ideally located near the iconic Echo Park Lake and within walking distance of many neighborhood hot spots. Seventeen of the twenty units have been thoughtfully renovated and boast a modern, clean aesthetic while still maintaining the original charm that Echo Park is so famous for. Other recent significant upgrades include: 1) The installation of 22 dual-glazed windows throughout the property, 2) The addition of anchored sill plates, plywood added to cripple walls, and a seismically retrofitted foundation 3) 17 Mini-Split air conditioning systems added and 4) New electrical in 17 of the units and all sub-panels were replaced and updated. The 17 fully renovated units feature sleek Scandinavian designs elements, new doors, beautiful hardwood flooring, new cabinetry, new fixtures, bright white wall finishes, and new stainless-steel appliances. Best of all, Echo Park is on the radar of in-the-know prospective apartment investors and renters. 1922 Montrose Streets is a "Walker's Paradise and boasts an enviable Walk Score of 94. There are many stylish and trendy cafes, restaurants, and entertainment venues within walking distance.
Exterior Features

Lot Size Area 7501 Other Structures None Parking Garage On Street Total Parking 0

Interior Features

Baths Total 20.00 Cooling Air Conditioning Equipment Other Fireplace Rooms Bath Heating Other Laundry InsideIn Unit

Property Features

Assessed Total Value 3626565 Gross Income 405417 Gross Operating Income 405417 Like Units1 12 Like Units2 8 Net Operating Income 280505.00 Number Of Buildings 1 Number Of Units 20 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 119141 Type Of Units Apartments Year Built Source Assessor Zoning Lard2

Listing provided courtesy of Nick Astrupgaard DRE#01893466 of Kw Commercial Studio City.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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