9
See all 9 photos
$1,650,000
Est. payment /mo
10 Beds
8 Baths
5,644 SqFt
New
1331 Sutherland ST Los Angeles, CA 90026
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,644 sqft
Price per Sqft $292
MLS Listing ID 26633659
Bedrooms 10
HOA Y/N No
Year Built 1967
Lot Size 7,196 Sqft
Property Description
We are pleased to present an eight (8) unit apartment building located at 1331 Sutherland Street in Los Angeles, California. The subject property is located in a prime Echo Park location, north of Sunset Boulevard and east of Alvarado Street. Located in a prime Echo Park neighborhood, this rare multifamily offering features an attractive unit mix of six one-bedroom units and two two-bedroom units, with three units delivered vacant ready to be renovated. The property boasts exceptional rental upside of over 60%, supported by fully on-site parking and a highly sought-after opportunity to convert both tuck-under and open parking areas into 5+ ADUs. There is also a vacant laundry room. Long held by the original developer's family since 1965, the building presents a unique value-add canvas enhanced by wonderful city views from select units. The property is located just north of Sunset Boulevard and within walking distance to local bars, restaurants, and Echo Park nightlife. Being offered for the first time since the building was built in the 1960's with three vacant units, 1331 Sutherland Street offers an investor an ideal value add opportunity with great ADU potential.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Fireplace No
Exterior
Parking Features Covered, Uncovered
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5406001038
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap
GET MORE INFORMATION