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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About the Property

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).

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