1727 Bellevue Ave - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$1,300,000 USD
818-219-6146
1727 Bellevue Ave, Los Angeles, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/11
null | 4.81% Cap Rate

1727 Bellevue Ave
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • Excellent Echo Park Location – Blocks from Silver Lake, Sunset Boulevard, and Echo Park Lake
  • Desirable Bungalow-Style Layout Appeals to Both Investors and Tenants
  • Outstanding Opportunity to Add Value — Current Rents Approximately 55% Below Market
  • Not on LADBS Seismic Retrofit List (Buyer to Verify)
  • Walk Score of 86 – Neighborhood Considered “Very Walkable
  • Rare Garage Parking for Two Vehicles — Potential for ADU Conversion (Buyer to Verify)

OVERVIEW

Marcus & Millichap is pleased to announce the opportunity to purchase 1727 Bellevue Avenue, a six-unit multifamily property located in the trendy Echo Park neighborhood of Los Angeles, CA. Situated near the intersection of Sunset Boulevard and Alvarado Street, the property affords residents convenient access to Echo Park Lake, Silver Lake, and the trendy boutiques, bars, and eateries along this revitalized stretch of Sunset Boulevard. With individual units laid out in a bungalow-style fashion, the property appeals to both tenants and investors. A new owner can add value to the property through interior upgrades as apartments naturally turn over, in an effort to recapture the approximately 55% rent upside. An investor can also save from an otherwise costly maintenance expense because the building does not appear on the Los Angeles Department of Building & Safety’s seismic retrofit list. Dodger Stadium, home of the back-to-back World Series champions, sits just 1.5 miles 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

$1,300,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

4.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Echo Park | Bungalow Style Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,612 SF

ZONING

LARD1.5

APN/PARCEL ID

5404-010-028

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.