1111-1121 Sunvue Pl - Apartments FOR SALE


Los Angeles, CA 90012- Echo Park
$6,000,000 USD
310-922-6124
1111-1121 Sunvue Pl, Los Angeles, CA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/8
null | 5.05% Cap Rate

1111-1121 Sunvue Pl
Los Angeles, CA 90012
Echo Park


HIGHLIGHTS

  • Massive 4 building site with skyline views of all of Los Angeles
  • Non-Rent Control asset built in 1992 with large spacious units and balconies
  • Ample parking and excellent proximity to major freeways and DTLA

OVERVIEW

PRICED REDUCED BY OVER $300K!!! The Taksa Investment Group of RE/MAX Commercial & Investment Realty is pleased to present the sale of 1111 Sunvue Place, an exceptional multifamily asset nestled in the Echo Park neighborhood of Los Angeles. This distinctive hilltop property boasts fifteen spacious one, two, and three-bedroom townhouse-style units, each offering breathtaking skyline views of Downtown Los Angeles. Elevated above the city, the property encompasses 18,160 square feet of rentable area across four buildings, all situated on an 18,634 square foot LAR2 zoned corner lot accessible via both Sunvue Place and Bellevue Avenue. Initially constructed in 1992, this asset has been meticulously maintained and features private balconies, laundry facilities, and ample parking. The generously sized balconies provide abundant natural light, unobstructed city, and treetop views. Residents of 1111 Sunvue Place enjoy convenient access to key transportation routes, including the 101 and 110 freeways, as well as a plethora of shopping, dining, and entertainment options along Sunset Boulevard, Downtown Los Angeles, Silver Lake, and Hollywood.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

15

PRICE/UNIT

$400,000

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Large Non-Rent Controlled Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1992

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,657 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5405-028-018

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.