
Closed Listing
9 New Construction Units with DTLA Views
321 n bixel st
sold in
Echo Park
Sold At
$
4,950,000
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.
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
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$550,000
Price p/ Sq. ft.
$713
Proforma Cap Rate
4.40




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