Echo Park Multifamily Investment
For Sale
Contact for pricing
940 New Depot St, Los Angeles, CA 90012
Well-maintained 7-unit property with income and development potential.
Property Size6,060 SF
Lot Size0.14 Acres
Price / SF$543.73
Days on Market300
Property Features for 940 New Depot St
General Information
Standard status
Active
Size
6,060 SF
Class
B
Lot size
0.14 Acres
Property subtype
Multifamily
Zoning
LAR4
Occupancy
70%
Investment Type
Value Add
Net Operating Income
$105,164
Building Details
Year Built
1983
Year Renovated
2023
Buildings
1
Stories
2
Units
7
Listing Agency:
eXp Realty
(888) 294-1415
Listed By:
susie achury · License #02121881
Source:
Crexi
Added: Oct 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:42AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Located in the Echo Park neighborhood of Los Angeles, 940 New Depot Street is a well-maintained 7-unit multifamily property. Constructed in 1983, the building encompasses approximately 6,060 square feet and is situated on a 6,091 square foot LAR4-zoned lot. The property features gated on-site parking and community laundry facilities. The unit mix includes one, two, three, and four-bedroom layouts. One unit is currently vacant. Several interior and exterior updates have been completed. The location offers convenient access to Downtown Los Angeles, major employment centers, transit options, and neighborhood amenities. The property is suitable for investors seeking stabilized income, value-add opportunities, or long-term redevelopment potential.
Key Highlights
- Well‑maintained 7‑unit multifamily property in Echo Park.
- LAR4 zoning offers future development possibilities (buyer to verify).
- Diverse unit mix of 1, 2, 3, and 4‑bedroom layouts supports strong leasing demand.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
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Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 7-unit property with income and development potential.
Where is this apartment building located?
The property is located at 940 New Depot St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Well‑maintained 7‑unit multifamily property in Echo Park.; LAR4 zoning offers future development possibilities (buyer to verify).; Diverse unit mix of 1, 2, 3, and 4‑bedroom layouts supports strong leasing demand.
