337 N. Benton is a twenty unit turnkey property, located one mile south of Sunset Blvd, offered at a 5.61% CAP and 11.39 GRM. Please note, the property is offered with 3.45% assumable financing that is fixed until 2030. Located near Echo Park and Silver Lake, the property’s in-demand location offers a wide selection of beloved food destinations, trendy boutique retailers, iconic nightlife venues, and several cultural landmarks, including Echo Park Lake and Dodgers Stadium. Current ownership recently upgraded the property with new HVAC, electrical, plumbing, tankless water heaters, and a new roof. All units are renovated and feature recessed lighting, wood laminate flooring, updated cabinetry, stainless steel appliances, and a wall A/C unit. Property amenities include 13 side-by-side parking spaces (no retrofitting required), a laundry room with coinless machines, and a storage room with space for each tenant.
20 Units w/ 3.45% Assumable Financing & 5.6% CAP
337 N. Benton Way, Echo Park
Property Details
Price $4,795,000
Year Built 1960
# of Units 20
Price P/ Unit $239,750
Sq. ft. 8,286 SF
Price p/ Sq. ft. $579
Current Cap Rate 5.36%
Proforma Cap Rate 6.31%
Lot Size 9,381 SF
Zoning LARD2
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