1807 Montana St - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$2,500,000 USD
818-212-2748
1807 Montana St, Los Angeles, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/33
null | 5.91% Cap Rate

1807 Montana St
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • Architect-Designed by Dean Levin / 22RE - Comprehensively renovated in 2023 by Dean Levin of 22RE,
  • 5.91% Current Cap Rate with 6.59% Stabilized Upside - $147,751 current NOI with projected upside to $164,809 upon full market stabilization
  • Uniform 2BD / 2BA Unit Mix - All four residences average approximately 942 square feet, catering to roommates, couples, and work-from-home
  • Fully Renovated in 2023 – Reduced Capital Risk - Comprehensive renovation mitigates deferred maintenance concerns common to vintage Echo Park assets,
  • Furnished, Turnkey Residences - Fully furnished, hospitality-grade apartments command premium rents and attract high-income tenants

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$663 USD /SF

# OF UNITS

4

PRICE/UNIT

$625,000

CAP RATE

5.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Echo Park | Turnkey

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,963 SF

ZONING

LAR1.5

APN/PARCEL ID

5419-021-005

ASK ABOUT THIS PROPERTY

Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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