Multifamily
577-579 N Boylston St.
577 N Boylston St, Los Angeles, CA 90012
Listing Price: $1,475,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer this beautiful five-unit apartment complex located at 577 & 579 North Boylston Street in Echo Park. The property is located in the historic Angelino Heights sub-market west of Sunset Boulevard near Silver Lake and downtown Los Angeles. Situated on a 6,981 square foot parcel, the property features two buildings. The front building is a 1905 craftsman which has a three-bedroom apartment and two studios on the second floor. The new foundation was poured in 2007. The rear building is a gorgeous Spanish duplex built in 1924 and has a new roof and has recently been seismically retrofitted. Each unit is one-bedroom, one-bath, with its own laundry room. One unit has a large walk-in closet, the other has a bonus office space. Overall, the property has 33% remaining rental upside. 60% of the units have in-unit washers & dryers. Both buildings have been meticulously maintained. This property is in the district of the GRAND ARTS Visual & Performing Arts High School, as well as many other excellent schools. The continuing improvement of this historic neighborhood, along with the value-add potential for a new owner to achieve superior future returns makes 577-579 North Boylston an excellent acquisition opportunity.
577-579 N Boylston St.
Investment Highlights
- Located in the sub-market of Historic Angelino Heights, in Echo Park, it is surrounded by neighborhoods such as Silver Lake, Hollywood, and Downtown LA.
- There is 33% Remaining Rental Upside.
- Features a 1905 craftsman as the front building and a beautiful1924 Spanish duplex as the rear building.
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
- Operated by the same ownership for over 18 years.
- Located in the district of the popular GRAND ARTS Visual and Performing Arts High School, as well as many other excellent schools in the Belmont Zone of Choice district.
Exclusively Listed By
Financing By
Listing Price: $1,475,000
Investment Highlights
- Located in the sub-market of Historic Angelino Heights, in Echo Park, it is surrounded by neighborhoods such as Silver Lake, Hollywood, and Downtown LA.
- There is 33% Remaining Rental Upside.
- Features a 1905 craftsman as the front building and a beautiful1924 Spanish duplex as the rear building.
- Current Ownership Has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
- Operated by the same ownership for over 18 years.
- Located in the district of the popular GRAND ARTS Visual and Performing Arts High School, as well as many other excellent schools in the Belmont Zone of Choice district.
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer this beautiful five-unit apartment complex located at 577 & 579 North Boylston Street in Echo Park. The property is located in the historic Angelino Heights sub-market west of Sunset Boulevard near Silver Lake and downtown Los Angeles. Situated on a 6,981 square foot parcel, the property features two buildings. The front building is a 1905 craftsman which has a three-bedroom apartment and two studios on the second floor. The new foundation was poured in 2007. The rear building is a gorgeous Spanish duplex built in 1924 and has a new roof and has recently been seismically retrofitted. Each unit is one-bedroom, one-bath, with its own laundry room. One unit has a large walk-in closet, the other has a bonus office space. Overall, the property has 33% remaining rental upside. 60% of the units have in-unit washers & dryers. Both buildings have been meticulously maintained. This property is in the district of the GRAND ARTS Visual & Performing Arts High School, as well as many other excellent schools. The continuing improvement of this historic neighborhood, along with the value-add potential for a new owner to achieve superior future returns makes 577-579 North Boylston an excellent acquisition opportunity.
Exclusively Listed By
Financing By
