1120 Logan St - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$1,595,000 USD
818-219-6146
1120 Logan St, Los Angeles, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/15
null | 3.58% Cap Rate

1120 Logan St
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • Prime Echo Park Location -- One Block from Both Echo Park Lake and Sunset Boulevard
  • Brand New Roof in 2026
  • Attractive Price per Unit — Available for Only $199,375 per Unit When Similar Properties Have Sold for an Average of Over $306,000 per Unit
  • Significant Rent Upside — Opportunity to Nearly Double Revenue by Bringing Rents to Market Levels
  • Deemed a “Walker’s Paradise” with a Walk Score of 97 -- Among the Highest Scores in Entire Los Angeles Metro Area
  • Current Rents Average Only $1.97 per Square Foot While Similar Properties Achieve Over $4.00 per Square Foot

OVERVIEW

Marcus & Millichap is pleased to announce the opportunity to purchase 1120 Logan Street, an eight-unit multifamily property located just one block from Sunset Boulevard within the trendy Echo Park neighborhood of Los Angeles, CA. Situated less than 250 feet from Echo Park Lake, the property offers tenants convenient access to the park, Silver Lake, Sunset Junction, and all of the trendy boutiques, bars, and eateries that have gained recognition in recent years along this stretch of Sunset Boulevard. The Walk Score of 97 is a testament to how accessible these nearby amenities are, as the property earned the highest-tier classification of “Walker’s Paradise.” With current rents averaging only $1.97 per square foot, an investor could potentially double the property’s revenue by bringing rents up to the $4.00+ per square foot level already achieved at several nearby apartments. One-quarter of the unit interiors have already been thoroughly upgrading, providing a helpful blueprint for a new owner to follow as they recapture this rent upside. Renovated units feature new wood flooring, quartz countertops, new custom cabinets, stainless steel appliances, tile backsplashes, new lighting, and remodeled bathrooms. A brand new roof, including new sheathing, was just installed in 2026. The property is also not on the Los Angeles Department of Building and Safety’s seismic retrofit list, saving a new owner from an otherwise costly maintenance expense. Dodger Stadium, home of the back-to-back World Series champions, sits just less than one mile east of the property, while Downtown Los Angeles is less than two miles away as well. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,375

CAP RATE

3.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Echo Park | New Roof | $199K per Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,269 SF

ZONING

LAR3

APN/PARCEL ID

5404-018-022

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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