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Closed
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Echo Park
 | 
Multifamily

1120 Logan Street

Los Angeles, CA 90026
Offering Price
Sales Price
$1,910,000
Offering Highlights
Deal Highlights

Record-Breaking CAP Rate. Sold for the lowest CAP Rate (2.27%) in Echo Park History, according to CoStar.

Multiple Offers. Procured four competitive offers within the first week of marketing.

Record GRM. Broke the record for highest Gross Rent Multiplier (20.79) for a rent-controlled building in Echo Park history.

Below Market Rents. Current rents were more than 100% below market at the close of escrow.

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Close of Escrow
3/28/2019
8

Units

4,912

Building SF

1962

Year Built

92

Walk Score

$388.84

Price/SF

$238,750

Price/Unit

2.27%

Current Cap

20.79

Current GRM

4,912

Building SF

1962

Year Built

$388.84

Price/SF

8

Units

4,912

Building SF

1962

Year Built

92

Walk Score

$388.84

Price/SF

$238,750

Price/Unit

2.27%

Current Cap

20.79

Current GRM

8

Potential Buildable Units

4,912

Land SF

$388.84

Price/Land SF

$238,750

Zoning

1962

Year Built

92

Walk Score

Property video
Property Location
Echo Park
Submarket
Lead Agent Info

Contact us for more information.

Andres Diaz

Managing Director
Multifamily Investments

(323) 376-2469

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