Investment Overview

The LAAA Team of Marcus & Millichap is pleased to present 1807 Montana Street, an architecturally significant four-unit boutique multifamily offering in the heart of Echo Park. Offered at $2,500,000, the property delivers a 5.91% current capitalization rate with upside to 6.59% upon stabilization, supported by uniform two-bedroom/two-bath residences, premium design execution, and strong in-place rental fundamentals in one of Los Angeles’ most supply-constrained urban submarkets. Originally constructed in 1914 and comprehensively reimagined in 2023 by Dean Levin of 22RE, the property reflects a highly intentional California Contemporary design language rooted in architectural craft and material depth. Levin, who trained in architecture at Pratt Institute in New York before a twelve-year career as a visual artist exhibited at leading galleries, founded 22RE in 2021 with a focus on extending and elevating Los Angeles’ historic residential fabric. The studio has been profiled in PIN–UP Magazine, named Surface Magazine’s “Designer of the Day,” and has had projects featured on ArchDaily and in Wallpaper. Notable 22RE work includes the expansion of a 1920s Spanish Revival residence in Los Feliz, flagship retail designs for Malbon and Departamento, and the adaptive reuse of a former Ed Ruscha studio in Glassell Park. At 1807 Montana Street, this architectural pedigree translates into refined millwork, paneled kitchens, plaster and tile bathrooms, custom cabinetry, curated furnishings, and an overall cohesion rarely found in small multifamily product. The property comprises four expansive 2BD/2BA residences averaging approximately 942 square feet, each offering in-unit washer/dryer, smart-home integration, and one dedicated on-site parking space. Large windows and thoughtfully proportioned layouts create a bright indoor-outdoor feel, appealing to Echo Park’s creative and professional tenant base. Located within walking distance to Bacetti Trattoria, Canyon Coffee, Honey Hi, and the Sunset retail corridor, 1807 Montana Street represents a rare opportunity to acquire a design-forward, stabilized boutique asset in a neighborhood defined by limited new supply, strong renter demand, and long-term appreciation fundamentals. Echo Park is one of Los Angeles’ most established and culturally influential Eastside neighborhoods, known for its historic housing stock, walkable urban fabric, and enduring creative identity. Positioned between Downtown Los Angeles, Silver Lake, and Hollywood, the neighborhood benefits from exceptional regional connectivity while maintaining a distinct residential character defined by Craftsman bungalows, Spanish Revival residences, and intimate low-rise apartment buildings. Montana Street sits within a quiet residential pocket just north of Sunset Boulevard, offering proximity to the neighborhood’s commercial energy without sacrificing privacy.