908-912 Everett St - Apartments FOR SALE


Los Angeles, CA 90026- Echo Park
$5,400,000 USD
213-943-1897
908-912 Everett St, Los Angeles, CA for Sale
$5,400,000 USD
Apartments - FOR SALE
1/18
null | 6.3% Cap Rate

908-912 Everett St
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • Ownership completed an extensive interior and exterior renovation across both properties, that includes upgraded building systems & more
  • The portfolio includes fully furnished bungalow-style apartments and 2–4 bedroom townhomes designed with high-end curated interiors
  • Units are typically offered furnished but have also been rented as partially furnished, and unfurnished, mitigating the reliance on furnished premiums
  • Located in a highly desirable pocket of Echo Park. With a Walk Score of 87 (‘Very Walkable’), most errands can be accomplished on foot
  • Both properties include on-site parking—an uncommon amenity in this walkable Echo Park location—offering added tenant convenience and value
  • Los Angeles will host the 2028 Summer Games, which is expected to have a significant impact on the city’s real estate market

OVERVIEW

The SR Group of Marcus & Millichap is pleased to present 908–916 Everett Street and 1236 West Sunset Boulevard, two fully renovated multifamily assets totaling 20 units in the heart of Echo Park, one of Los Angeles’ most sought-after submarkets. Both properties offer turnkey, furnished housing with strong in-place cash flow and additional upside through continued branding and operational optimization. Each property has been completely re-constructed through a “down to the studs” renovation that includes upgraded building systems, fully modernized interiors, new landscaping, outdoor decks and communal spaces, and a refreshed exterior aesthetic. The portfolio features a mix of charming bungalow-style apartments and 2–4-bedroom townhomes, designed with high-end curated interiors and flexible lease structures. The larger townhome layouts are particularly well-suited for per-bedroom rentals, allowing owners to capture rent premiums. Fully furnished units include premium SMEG appliances, designer finishes, in-unit laundry, and curated interiors. Flexible lease terms and bundled utilities make the offering especially appealing to young professionals and creative tenants seeking high-quality, hassle-free living. Together, the properties provide investors with a stabilized, cash-flowing portfolio with operational upside through management efficiencies and lease-up of remaining vacancy. 908–916 Everett includes two newly constructed townhome-style ADUs completed in 2021, as well as secured on-site parking. Amenities include rooftop decks, private outdoor spaces, and gated parking. With irreplaceable locations near Sunset Boulevard, limited new supply, and growing demand for flexible furnished housing, Everett and Sunset offer investors a rare opportunity to acquire turnkey assets with high yield potential, operational scalability, and long-term growth. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. THE PROPERTIES MAY BE PURCHASED INDIVIDUALLY OR AS A PORTFOLIO

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$1,200 USD /SF

# OF UNITS

12

PRICE/UNIT

$450,000

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Part of Echo Park Collection Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,953 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5406-017-022

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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