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Closed
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Echo Park
 | 
Multifamily

1330 Liberty Street

Los Angeles, CA 90026
Offering Price
Sales Price
$1,855,000
Offering Highlights
Deal Highlights

Noteworthy CAP Rate. Sold for the third lowest CAP rate ever (2.75%) in Echo Park history, according to CoStar.

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

Noteworthy GRM. Achieved the fourth highest Gross Rent Multiplier (18.18) for a rent-controlled building in Echo Park history.

Negotiated Retrofit. Buyer took on the responsibility of completing seismic retrofit work after the close of escrow.

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Close of Escrow
3/29/2019
9

Units

5,894

Building SF

1961

Year Built

92

Walk Score

$314.73

Price/SF

$206,111

Price/Unit

2.75%

Current Cap

18.18

Current GRM

5,894

Building SF

1961

Year Built

$314.73

Price/SF

9

Units

5,894

Building SF

1961

Year Built

92

Walk Score

$314.73

Price/SF

$206,111

Price/Unit

2.75%

Current Cap

18.18

Current GRM

9

Potential Buildable Units

5,894

Land SF

$314.73

Price/Land SF

$206,111

Zoning

1961

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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