1461 Carroll, Echo Park, CA 90026

1461 Carroll, Echo Park, CA 90026

Los Angeles, CA
$1,590,000

Property Description

Lyon Stahl Investment Real Estate is pleased to present 1461 Carroll Ave, a true one-of-a-kind property in the heart of Angelino Heights in the neighborhood of Echo Park, California. The offering is walking distance to numerous sites including the Dodger Stadium, Echo Park, Downtown LA, and the Griffith Observatory. The building is comprised of one very spacious two-bedroom unit on the bottom floor with an in-unit washer/dryer. The second floor has a one-bedroom unit and a two-bedroom unit overlooking views of the Los Angeles skyline and the Hollywood sign. All units have unique architectural character and feature bell curve archways. It is zoned R2 and lies within the Historic Preservation Overlay Zone. 1461 Carroll Avenue is a trophy asset that any investor would not want to miss as a cornerstone to their investment collection. Its location, character, and opportunity for expansion gives any investor the opportunity to grow their portfolio in the flourishing city of Los Angeles.

Property Features

  • Sale Price: $1,590,000
  • Area Size: 3,306 SF
  • Land Area: 10.841 SF
  • Year Built: 1898
  • Listing Date: October 26, 2021
  • Units: 3
  • Current GRM: 20.70
  • Current Cap Rate: 3.07%
  • Market GRM: 14.25
  • Market Cap Rate: 5.19%

Lyon Stahl Investment Real Estate

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