Two-Unit Residential
1344 Echo Park, Los Angeles, CA 90026
For Sale
New
$760,000
Built in 1921, the property contains two separate residential units.
Property Size1,400 SF
Price / SF$542.86
Days on Market4
Property Features for 1344 Echo Park
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
IVAN PEREZ, BROKER
Listed By:
IVAN PEREZ · License CA #01438047
Source:
Carolinakramer
Added: Nov 12
Changed: Nov 14
Last Checked: Nov 14 at 2:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IVAN PEREZ, BROKER
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Los Angeles duplex was built in 1921 and contains two separate residential units. The property measures 1,400 square feet.
The building is in the Echo Park neighborhood, near Echo Park Lake, restaurants, shopping, entertainment, major freeways, and transportation. Downtown Los Angeles is also nearby.
The building is in the Echo Park neighborhood, near Echo Park Lake, restaurants, shopping, entertainment, major freeways, and transportation. Downtown Los Angeles is also nearby.
Key Highlights
- Two separate residential units
- 1,400 square feet
- Built in 1921
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,449
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,980
$489.0K
Cap Rate 7%
$349,271
$349.3K
Cap Rate 9%
$271,656
$271.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$37.8K $27.00/SF
− Vacancy
−$2.9K −$2.05/SF
EGI
$34.9K $24.95/SF
− OpEx
−$10.5K −$7.48/SF
NOI
$24.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,980
Cap Rate 7%
$349,271
Cap Rate 9%
$271,656
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$321.8K
$281.6K – $375.5K
NOI $22,527 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$584.5K
$511.5K – $681.9K
NOI $40,916 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Los Angeles, CA
Properties on Market for Duplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1921, the property contains two separate residential units.
Where is this duplex located?
The property is located at 1344 Echo Park Los Angeles, CA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two separate residential units; 1,400 square feet; Built in 1921
