1611 Donaldson private terrace overlooks lush greenery and downtown views.

SUCCESS STORY

4th Highest Sale for Rent-Controlled 4Plex in Echo Park

1611 Donaldson St.

With the sale of 1611 Donaldson, Kenny Stevens Team holds 2 of the top 4 sales for rent-controlled fourplexes in 90026.

Offering Price
$2,741,000

City

Los Angeles

Current CAP

4.90

Price per unit

$685,250

Lot Size

7,201 SF

1611 donaldson

About the Property

1611 Donaldson was a turnkey Spanish-style fourplex in a prime Echo Park location near coffee, dining, and scenic Elysian Park hiking trails. Several of the units were meticulously renovated to include luxurious and modern amenities that attracted high-income young professionals and families. Interior amenities included new wood-flooring, updated cabinetry and tile backsplash, recessed lighting, stainless-steel appliances, and so much more.

Offering Price

$2,741,000

Number of Units

4 Units

Bldg. Size

N/A SF

Price per Foot

$N/A

Year Built

N/A

Market CAP

N/A

Zoning

N/A

Background

1611 Donaldson St. was a meticulously renovated fourplex in prime Echo Park near coffee, dining, and scenic Elysian Park hiking trails. While KST was the listing agent of 1926 Santa Ynez, a 1031 exchange buyer reached out and expressed interest. However, the property was already non-contingent in escrow, and the buyer was running out of options. With an extensive database and track record with Northeast LA owners, we were confident with our ability to source an off-market deal.

1611 Donaldson private terrace overlooks lush greenery and downtown views.
1611 Donaldson private terrace overlooks lush greenery and downtown views.
1611 Donaldson private terrace overlooks lush greenery and downtown views.

Result

2 weeks later, we reached a Seller who had recently completed extensive renovations and wanted to cash out of a challenging market. Ultimately, we closed escrow in 21 days at $2,741,000. 1611 Donaldson St. is the fourth-highest sale for a rent-controlled fourplex in 90026 (Echo Park/Silver Lake). This sale further solidifies our team’s expertise in “creating a market” and our Northeast LA track record. KST had set the record sale price for properties in this category a year prior – 839 N. Occidental Blvd.

1611 Donaldson main room features wood floors, high ceilings, and large windows.
1611 Donaldson main room features wood floors, high ceilings, and large windows.
1611 Donaldson main room features wood floors, high ceilings, and large windows.

Here You Find All The Things We Do at One Place

A sunny garden path leading to a modern bungalow at 315 vernon, surrounded by green plants and trees.

Venice

New Venice Sales Record @ $842,000 per Unit

A sunny garden path leading to a modern bungalow at 315 vernon, surrounded by green plants and trees.

Venice

New Venice Sales Record @ $842,000 per Unit

A sunny garden path leading to a modern bungalow at 315 vernon, surrounded by green plants and trees.

Venice

New Venice Sales Record @ $842,000 per Unit

Multifamily building at 8135 reseda, with decorative brickwork, trees nearby, and clear blue sky in the background.

Reseda

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Multifamily building at 8135 reseda, with decorative brickwork, trees nearby, and clear blue sky in the background.

Reseda

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Multifamily building at 8135 reseda, with decorative brickwork, trees nearby, and clear blue sky in the background.

Reseda

San Fernando Valley Portfolio Sold in 4 Months

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.