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1400 Carroll Ave
Los Angeles, CA 90026 Echo Park

Price Upon Request

Apartments For Sale  •  3,325 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,325 SF
  • Lot Size 0.16 AC
  • Building Class B
  • Year Built 1924
  • Zoning LAR2
67 Transit Score
85 Walk Score

Highlights

Fully remodeled! Artfully restored with high-end custom finishes throughout, blending modern amenities with historic charm.
ADU POTENTIAL! Delivered with plans for two freestanding 2-bedroom ADUs, offering significant rental income and over 1 million in added value.
Exceptional long-term tenants in place who care for the property, pay premium rents, and love their homes.
Delivered fully furnished! Seller will provide Buyer all furniture free of charge, a value of approximately $75,000.
Massive upside! Achieve a close to 7.5% cap rate with ADU development.
5.19% current return! With existing tenants paying $7,196, $5,400, and $3,502.

Financial Summary (Actual)

Net Operating Income: $145,080 USD (2024)
Total Expenses: $42,301 USD

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 4 min - 1.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 1.8 mi
AirportDriveWalkDistance
Bob Hope 22 min - 13.5 mi
Los Angeles International 28 min - 16.3 mi
Long Beach (Daugherty Field) 33 min - 24.5 mi