Listed by Roderick 'Rick' Raymundo

Source: California Regional Multiple Listing Service, Inc #23268384

1120 Logan Street, Los Angeles, CA, 90026

$1,995,000

10
10
8
4912 sq. ft.
6269 sq. ft.

Other

•

30+ days on the market

What's around 1120 Logan Street

About this property

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."

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