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30881859
30881876

2129 Aaron St, Los Angeles, CA 90026

SR
CA 01406343
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$4,175,000
85 days on market
Updated 40 days ago

Newly Constructed 5-Units | Echo Park

Details
APN 5423-005-009
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,257
Net Rentable (SqFt) 8,257
Units 5
Cap Rate 5.45%
NOI $227,726
Pro-Forma Cap Rate 5.5%
Pro-Forma NOI $229,542
Price per SqFt $506
Broker Co-Op Yes
Year Built 2025
Buildings 3
Stories 3
Lot Size (SqFt) 7,474
Zoning LARD2

2025 Construction with Solar Panels

Investment highlights

Brand-New Construction
Completed August 2025, the property delivers five modern units with premium finishes, open layouts, and high-quality amenities — requiring zero deferred maintenance or renovation capital

No Rent Control
Unrestricted rental upside allows ownership to set and adjust rents to market rates without regulatory limitations

Individually Metered with Solar Panels
Tenants pay all utilities, and unit-specific solar panels reduce tenant electric costs, increasing rentability while keeping owner expenses minimal

Turnkey, Low-Maintenance Asset
Drought-tolerant landscaping, new construction systems, and modern building materials create a low-maintenance ownership experience

Premium Unit Interiors
Every unit features in-unit washer/dryer, central HVAC, stainless steel appliances, vinyl flooring (water-resistant), large kitchen islands, custom-tiled showers, and walk-in closets

Assigned On-Site Parking
Each unit has dedicated parking, a highly valued amenity in Los Angeles

Listing Contacts

SR
CA 01406343
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$227,726.00
$18,977.17/mo

Valuation Metrics

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DSCR
5.45%
Cap Rate
5.45%
ROI

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