Los Angeles, CA 90026,1331 Sutherland St
Los Angeles, CA 90026,1331 Sutherland St
Los Angeles, CA 90026,1331 Sutherland St
Los Angeles, CA 90026,1331 Sutherland St
Los Angeles, CA 90026,1331 Sutherland St
Los Angeles, CA 90026,1331 Sutherland St
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$ 1,650,000
Est. payment | /mo

10 Beds

8 Baths

5,644 SqFt


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$ 1,650,000
Est. payment | /mo
Save

10 Beds

8 Baths

5,644 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,644 sqft

Price per Sqft $292

MLS Listing ID 26633659

Bedrooms 10

Year Built 1967

Lot Size 7,194 Sqft

Acres 0.1652

Property Sub-Type Multi-Family

Property Description

We are pleased to present an eight (8) unit apartment building located at 1331 Sutherland Street in Los Angeles, California. The subject property is located in a prime Echo Park location, north of Sunset Boulevard and east of Alvarado Street. Located in a prime Echo Park neighborhood, this rare multifamily offering features an attractive unit mix of six one-bedroom units and two two-bedroom units, with three units delivered vacant ready to be renovated. The property boasts exceptional rental upside of over 60%, supported by fully on-site parking and a highly sought-after opportunity to convert both tuck-under and open parking areas into 5+ ADUs. There is also a vacant laundry room. Long held by the original developer's family since 1965, the building presents a unique value-add canvas enhanced by wonderful city views from select units. The property is located just north of Sunset Boulevard and within close proximity to to local bars, restaurants, and Echo Park nightlife. Being offered for the first time since the building was built in the 1960's with three vacant units, 1331 Sutherland Street offers an investor an ideal value add opportunity with great ADU potential.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Uncovered, Covered Parking

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Marcus & Millichap

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1331 Sutherland St