1926 Santa Ynez Street is a 6-unit Spanish-style property located two blocks west of Echo Park Lake. This largely-renovated property is located within walking distance of a revitalized urban oasis serving as a neighborhood hub, and a wide array of popular retailers, cafes, and restaurants along Sunset Blvd. Four of these units are extensively renovated and blend Spanish charm with luxurious amenities that appeal to high-income young professionals and families. These units feature stone countertops, stainless-steel appliances, designer tile backsplash, wood-vinyl flooring, custom cabinets, recessed lighting, mini-split A/Cs, and an in-unit stackable washer and dryer. Additionally, the property features six surface parking spaces that generate additional income; and two storage units that generate additional income, and may be converted into ADUs (buyer to verify).
Renovated Spanish-Style Property by Echo Park Lake
1926 Santa Ynez Boulevard, Echo Park
Property Details
Price $2,495,000
Year Built 1927
# of Units 6
Price P/ Unit $415,833
Sq. ft. 4,621 SF
Price p/ Sq. ft. $541
Current Cap Rate 5.15%
Proforma Cap Rate 7.42%
Lot Size 6,502 SF
Zoning LARD2
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