Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 1315 Montana Street, a 10-unit multifamily property situated on a secluded hillside in the Echo Park neighborhood of Los Angeles, CA. Located on a quiet cul-de-sac adjacent to Elysian Park and Dodger Stadium, the site offers tenants views of both the Hollywood Hills and Downtown Los Angeles. Both the interior and exterior of the property have been extensively upgraded in recent years, allowing a new investor the opportunity to enjoy stable cash flow with minimal maintenance costs, while potentially improving income to recapture approximately 37% in rent upside. The recent improvements to the property are both functionally practical and aesthetically trendy. Substantial capital has already been spent to provide new windows, new exterior paint, new landscaping, and new wood railings and wood façade. Eight of the units have been thoroughly renovated and feature white quartz countertops, sliding barn doors, modern light fixtures, stainless steel appliances, recessed lighting, remodeled bathrooms, copper plumbing, new subpanels, and individual tankless water heaters. On-site parking in Echo Park is rare, so the parking available for each unit at 1315 Montana Street is a premium amenity. With Sunset Boulevard just one block away, tenants enjoy extremely convenient access to all of the renowned cafes, bars, and restaurants that have made Echo Park famous in recent years. The Echo Park Lake is less than one half-mile away, while Sunset Junction and Downtown Los Angeles are each short drives from the property.