Skip to main content

Mixed-Use

1461 Sunset Blvd

1461 Sunset Blvd, Los Angeles, CA 90026

Listing Price: $7,500,000

Cap Rate
5.20%
Number of Units
24
Occupancy
79.0%
Price/Unit
$312,500
Price/Gross SF
$491.16
Gross SF
15,270

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 24-unit (20 residential + 4 commercial) mixed-use building located at 1461 Sunset Boulevard. The subject property is located just east of Echo Park Avenue on Sunset Boulevard within the desirable Echo Park submarket. Situated on a 6,807 square foot parcel, the property is comprised of 15 large studios, five one-bedroom units, and four commercial spaces. More than half of the residential units have been renovated along with the building façade and common areas. Investors will have the opportunity to implement a proven interior renovation strategy in the remaining units and capture 25%+ upside in rental income via renovation premiums and loss-to-lease capture. Over the past few years, Echo Park has become one of the most desirable neighborhoods in all of LA, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as pristine, boasting some of the highest rents in all of Los Angeles. The property’s irreplaceable location along Sunset Boulevard coupled with the remaining value-add potential makes 1461 Sunset an excellent acquisition opportunity for investors.

Investment Highlights

  • 55% of the Residential Units Have Been Extensively Renovated Since 2014 with New Kitchens, New Bathrooms, Exposed Brick, Hardwood Flooring, Redesigned Floor Plans, Stainless Steel Appliances & More
  • The Building Exterior & Common Area Spaces Have Been Thoroughly Upgraded While Staying True to the Market's Overall Artistic Aesthetic
  • Only 7.2% of Buildings with a Multi-Family Component are 20 Units or More in the 90026 Zip Code
  • The Subject Property is Located in a Highly Desirable Pocket of Echo Park. With a Walk Score of 94 'Walker's Paradise' – Daily Errands do not Require a Car & Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Echo Park, Silver Lake & Downtown LA

Exclusively Listed By

Financing By

Mixed-Use

1461 Sunset Blvd

Listing Price: $7,500,000

Cap Rate
5.20%
Number of Units
24
Occupancy
79.0%
Price/Unit
$312,500
Price/Gross SF
$491.16
Gross SF
15,270

Investment Highlights

  • 55% of the Residential Units Have Been Extensively Renovated Since 2014 with New Kitchens, New Bathrooms, Exposed Brick, Hardwood Flooring, Redesigned Floor Plans, Stainless Steel Appliances & More
  • The Building Exterior & Common Area Spaces Have Been Thoroughly Upgraded While Staying True to the Market's Overall Artistic Aesthetic
  • Only 7.2% of Buildings with a Multi-Family Component are 20 Units or More in the 90026 Zip Code
  • The Subject Property is Located in a Highly Desirable Pocket of Echo Park. With a Walk Score of 94 'Walker's Paradise' – Daily Errands do not Require a Car & Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Echo Park, Silver Lake & Downtown LA

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 24-unit (20 residential + 4 commercial) mixed-use building located at 1461 Sunset Boulevard. The subject property is located just east of Echo Park Avenue on Sunset Boulevard within the desirable Echo Park submarket. Situated on a 6,807 square foot parcel, the property is comprised of 15 large studios, five one-bedroom units, and four commercial spaces. More than half of the residential units have been renovated along with the building façade and common areas. Investors will have the opportunity to implement a proven interior renovation strategy in the remaining units and capture 25%+ upside in rental income via renovation premiums and loss-to-lease capture. Over the past few years, Echo Park has become one of the most desirable neighborhoods in all of LA, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as pristine, boasting some of the highest rents in all of Los Angeles. The property’s irreplaceable location along Sunset Boulevard coupled with the remaining value-add potential makes 1461 Sunset an excellent acquisition opportunity for investors.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower