933 New Depot St - Apartments FOR SALE


Los Angeles, CA 90012- Echo Park
$578,000 USD
818-355-2700
933 New Depot St, Los Angeles, CA for Sale
$578,000 USD
Apartments - FOR SALE
1/37
null | 7.16% Cap Rate

933 New Depot St
Los Angeles, CA 90012
Echo Park


HIGHLIGHTS

  • High-Yield Opportunity: Projected 7.16% Cap Rate with strong cash flow potential.
  • Turnkey Multifamily: Two fully remodeled 2BR/1BA units with modern finishes and DTLA views.
  • Low Operating Expenses: Low $210/mo HOA covers water, sewer, and trash; separate meters for gas/electric.

OVERVIEW

Rare high-yield duplex opportunity in Victor Heights. Currently delivering a 7.16% Cap Rate at the asking price—well above the market average for the area. Both units are turnkey and tastefully remodeled with modern finishes. Low HOA dues ($210/mo) include water/trash, significantly lowering owner overhead. Subject to LA RSO. Contact Hooman Morvarid at Compass for a full rent roll and P&L statement.

FOR SALE DETAILS

PRICE

$578,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

2

PRICE/UNIT

$289,000

CAP RATE

7.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

2

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,323 SF

ZONING

LAR4

APN/PARCEL ID

5406-028-048

ASK ABOUT THIS PROPERTY

Hooman MorvaridCompass CommercialMore Info
818-355-2700

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

Hooman MorvaridCompass CommercialMore Info
818-355-2700

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