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34499209
34499193

722 ECHO PARK AVE, LOS ANGELES, CA 90026 For Sale

JT
CA 01772495
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$2,525,000
2 days on market
Updated 2 days ago

722-745 ECHO PARK AVE LOS ANGELES CA 90026

Details
APN 5404-022-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,257
Units 9
Cap Rate 6.52%
NOI $164,703
Price per SqFt $348
Year Built 1928
Buildings 5
Lot Size (SqFt) 7,497
Zoning LARD2
Parking Spaces 4 spaces
Parking per 1,000 SqFt 0.55
Sale Condition For sale by owner

Prime Echo Park Location | Two New ADUs in the Rear | Select Units are Fully Renovated

Marketing description

Multifamily • Value-Add Opportunity • Strong Cap Rate from Day One • Recent Capital Improvements - Building Repainted and Roof Replaced

Investment highlights

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 722-745 Echo Park Ave in Los Angeles, California. The subject property is located in a prime Echo Park location, just south of Sunset Ave and west of Glendale Blvd.

Situated directly across from Echo Park Lake, this well-located nine-unit multifamily property offers an attractive unit mix of one studio, seven one-bedroom units, and two newly constructed ADUs. Select units have been upgraded with vinyl plank flooring, modern kitchens, updated bathrooms, and contemporary finishes, while recent capital improvements include fresh exterior paint and new roofs on two existing structures. The property also features four single-car garages with potential for future ADU conversion, on-site laundry, and scenic lake views. Residents enjoy immediate access to the 101 and 110 Freeways, major commercial corridors including Sunset Boulevard and Glendale Boulevard, and popular neighborhood destinations such as Sunset Junction, Elysian Park, The Echoplex, Silver Lake’s renowned dining, shopping, and entertainment options.

Offering an exceptional combination of location, stable cash flow, recent improvements, and meaningful value-add potential, this Echo Park asset is well-positioned to deliver both immediate income and long-term appreciation in one of Los Angeles’ most sought-after rental markets.

Listing Contacts

JT
CA 01772495
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$164,703.00
$13,725.25/mo

Valuation Metrics

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DSCR
6.52%
Cap Rate
6.52%
ROI

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