1331 Sutherland Street, Los Angeles, CA 90026
List Price: $1.52M
Listing Status: ActiveUnderContract
Original List Price: $1.65M
0Days on Market: 108
10 Bedrooms · 8 Bathrooms · 5,644 sq ft
Property Type: ResidentialIncome
Year Built: 1967
Lot Size: 7,194 sq ft
MLS Number: 26633659
About This Property
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.
Listing provided by: Jason Tuvia DRE #01772495 818-212-2700 jtuvia@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26633659
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.