Echo Park Multifamily Investment
For Sale
$3,195,000
940 New Depot, Los Angeles, CA 90012
Well-maintained 7-unit property in desirable Echo Park neighborhood.
Days on Market112
Property Features for 940 New Depot
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
(888) 294-1415
Listed By:
Susie Achury
Source:
Elliman
Added: Apr 10
Changed: Jul 10
Last Checked: Jul 30 at 1:00PM
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 Susie Achury
Investment Insights
Based on property information with market context.
This well-maintained 7-unit multifamily property is located in the Echo Park neighborhood of Los Angeles. The property features a functional unit mix, gated on-site parking, and shared laundry facilities. Improvements over time have contributed to the building's overall condition and tenant appeal. One unit is currently available for immediate rental. Echo Park is known for its scenic surroundings and vibrant character, offering a blend of natural beauty and urban convenience. The area features Echo Park Lake, tree-lined streets, and a diverse mix of dining, cafes, and local shops. Its central location provides easy access to Downtown Los Angeles, major transportation routes, and surrounding neighborhoods. The location has a bike score of 75, making it very bikeable, a walk score of 97, making it a walker's paradise, and a transit score of 96, making it a rider's paradise. This property presents an opportunity to acquire a multifamily asset in a sought-after neighborhood with long-term growth potential.
Key Highlights
- Located in the highly desirable Echo Park neighborhood of Los Angeles.
- Excellent walk score (97) and transit score (96).**
- 7‑unit multifamily property with a well‑designed unit mix.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Explore this area
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 in desirable Echo Park neighborhood.
Where is this apartment building located?
The property is located at 940 New Depot Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Located in the highly desirable Echo Park neighborhood of Los Angeles.; Excellent walk score (97) and transit score (96).**; 7‑unit multifamily property with a well‑designed unit mix.
