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    Firmin St Los Angeles, CA 90026

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    For Sale
    $895,000

    Fully occupied five-unit apartment complex in Echo Park.

    Property size:
    2,208 SF
    Lot size:
    0.12 Acres

    Property Features for Firmin St

    General Information

    Standard status
    Active
    Size
    2,208 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1914

    Source: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES Agent COREY WEISS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Echo Park Multifamily Investment Opportunity

    This is a five-unit apartment complex located in Echo Park, Los Angeles. The property is fully occupied and offers an investment opportunity in a rapidly evolving neighborhood. Each unit features one bedroom and one bathroom within a 600 sqft layout. The property is situated on a 5,200 sqft lot, presenting potential for long-term development. The property is well-maintained. Its location provides access to Sunset Boulevard, Downtown Los Angeles (DTLA), and Silver Lake, contributing to strong rental demand and urban lifestyle appeal. The total property size is 2,208 sqft. The property is intended for multifamily residential use and is suitable for both seasoned investors and those looking to enter the multifamily market.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.254199
    Latitude
    34.063826

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied five-unit apartment complex in Echo Park.
    Where is this apartment building located?
    The property is located at Firmin St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Fully occupied five-unit apartment complex, providing immediate cash flow.; - Located in the heart of Echo Park, a vibrant and rapidly evolving neighborhood.; - Significant long-term development potential due to the 5,200 sqft lot size.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Firmin St Los Angeles, CA 90026
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