Modern multifamily building at 321 n bixel st, with a gray facade and large windows, surrounded by greenery and a blue sky.

Closed Listing

9 New Construction Units with DTLA Views

321 n bixel st

sold in

Echo Park

9

Number of Units

2020

Year Built

6,939 SF

SF

Square Footage

7,000 SF

SF

Lot Size

C2

Zoning

321 N Bixel St, Los Angeles, CA 90026

About the Property

321 N Bixel St is a stabilized, newly constructed nine-unit property located at the edge of Echo Park and Downtown LA, offering sweeping views of the DTLA skyline. Built in 2020, this Echo Park multifamily asset is a turnkey investment generating over $300,000 in annual gross rental income and attracting high-earning professional tenants. With strong in-place income and modern construction, 321 N Bixel St provides investors a low-maintenance, high-yield opportunity in a rapidly growing pocket of Los Angeles multifamily real estate.

The property is comprised of (7) loft-style studio units with private rooftop decks and (2) ground-level studio units with large private courtyards. Each unit features luxury condo-style finishes including smart home systems, stainless steel appliances, quartz countertops, recessed lighting, and in-unit washer/dryers. The spacious layouts and contemporary design elements position the asset as a premium rental option for discerning tenants seeking proximity to Downtown’s job centers while enjoying the cultural energy of Echo Park.

Located just north of the 101 Freeway and blocks from LA’s Civic Center, the property offers quick access to Bunker Hill, Chinatown, and the Arts District, while also being minutes from Echo Park Lake and a wide range of popular cafes, bars, and restaurants. This is a fully stabilized asset with one unit to be delivered vacant at the close of escrow, offering immediate leasing flexibility or potential for owner-use.

321 N Bixel St stands out as a premier Echo Park multifamily investment with durable income, quality construction, and architectural appeal in one of the most dynamic rental markets in Los Angeles.

9

Number of Units

2020

Year Built

6,939 SF

SF

Square Footage

7,000 SF

SF

Lot Size

C2

Zoning

321 N Bixel St.
Northeast LA

Offering Price

$4,950,000

Number of Units

9 Units

Price per. Unit

$550,000

Bldg. Size

6,939 SF SF

Price per Foot

$713

Lot Size

7,000 SF SF

Year Built

2020

Current CAP

4.14

Market CAP

4.40

Zoning

C2

Price P/ Unit

$550,000

Price p/ Sq. ft.

$713

Proforma Cap Rate

4.40

Contact

Sales agent

Modern multi-story apartment complex at 321 n bixel st, with a sleek design, surrounded by greenery, and a black fence.
Modern multi-story apartment complex at 321 n bixel st, with a sleek design, surrounded by greenery, and a black fence.
Modern multi-story apartment complex at 321 n bixel st, with a sleek design, surrounded by greenery, and a black fence.
Modern multi-story apartment complex at 321 n bixel st, with a sleek design, surrounded by greenery, and a black fence.
A modern multifamily building at 321 n bixel st, with a stairway, flanked by green grass and stone pathways under a blue sky.
A modern multifamily building at 321 n bixel st, with a stairway, flanked by green grass and stone pathways under a blue sky.
A modern multifamily building at 321 n bixel st, with a stairway, flanked by green grass and stone pathways under a blue sky.
A modern multifamily building at 321 n bixel st, with a stairway, flanked by green grass and stone pathways under a blue sky.
A balcony view at 321 n bixel st, overlooking nearby buildings and greenery under a clear blue sky.
A balcony view at 321 n bixel st, overlooking nearby buildings and greenery under a clear blue sky.
A balcony view at 321 n bixel st, overlooking nearby buildings and greenery under a clear blue sky.
A balcony view at 321 n bixel st, overlooking nearby buildings and greenery under a clear blue sky.
A modern interior space at 321 n bixel st, featuring wooden flooring, a staircase, and a minimalist design with white walls.
A modern interior space at 321 n bixel st, featuring wooden flooring, a staircase, and a minimalist design with white walls.
A modern interior space at 321 n bixel st, featuring wooden flooring, a staircase, and a minimalist design with white walls.
A modern interior space at 321 n bixel st, featuring wooden flooring, a staircase, and a minimalist design with white walls.

Video

MEET THE TEAM

We make your life easier

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.