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1120 Logan Street

Los Angeles CA 90026

10
10
8
4912 sq. ft.
6269 sq. ft.
Other
Currently for sale - view listing

Overview

With current rents averaging approximately $1.79 per square foot, a new owner can nearly double the property's income by matching the area's market rents that have surpassed $3.50 per square foot. One-quarter of the units have already been substantially upgraded, providing a blueprint for a new investor to follow and recapture the rent upside. Renovated units feature new wood flooring, quartz countertops, new custom cabinets, stainless steel appliances, tile backsplashes, new lighting, and remodeled bathrooms. Built in 1962, the property is nestled between Echo Park Lake and Sunset Boulevard, sitting just one block from both one of Los Angeles' most popular parks and one of the city's trendiest streets. As the neighborhood has gentrified in recent years, new shops and restaurants have emerged along both Sunset Boulevard and Glendale Boulevard, providing numerous destinations within blocks of the property. The building has therefore received a Walk Score of 93, with the immediate area considered a "Walker's Paradise."

Features

10 bedrooms
10 bathrooms
8 carspaces
4912 sq. ft. floor area
6269 sq. ft. lot size
Other

Happy sellers in Los Angeles

87%
87% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for 10 bedroom other properties in Los Angeles

In the last 12 months, 1 numeral.10-bedroom other similar to 1120 Logan Street, have been sold.

This represents a 50% increase in numeral.10-bedroom other properties sales when compared to the previous 12 months.

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(619) 566-0008
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