Movoto Real Estate
Sold on 08/12/2024
  • Other
  • Exterior
  • View/Area

2140 Reservoir St, Los Angeles, CA 90026

  • $1,300,000

    Last sold 08/12/2024 after 6 Days

  • 12

    bed

  • 8

    bath

  • 6,163

    Sqft ($211/Sqft)

Multi-family not for sale
21 homes bought nearby with Movoto recently

About 2140 Reservoir St

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 7,667 Sqft
Property description
We are pleased to present a seven (7) unit apartment building located at 2140 Reservoir Street in Los Angeles, California. The subject property is located in a prime Echo Park location, north of Sunset Boulevard and west of N Alvarado Street. Built in 1963, this property contains a great unit mix of three (3) one-bedroom / one-bathroom units, three (3) two-bedroom / one-bathroom units, and one (1) three-bedroom / two-bathroom unit. The property is situated on a hilltop offering select units a gorgeous view of Downtown and Echo Park Lake. Fully parked on-site parking is available for tenants at the rear of the property. Residents will adore living along a quiet residential street just one (1) block away from some of the trendiest retail, restaurant, and entertainment amenities situated on Sunset Boulevard. Some of these amenities include Mohawk Bend, Tierra Mia Coffee, CrossFit Echo Park, Bar Bandini, Taix French, and the Echoplex. Outdoor recreation is available within a short walking distance at Echo Park Lake. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to capitalize on nearly 150% rental upside potential at a very attractive basis.
Listed by
Listing Agent - Jason Tuvia
Listing Office - Marcus & Millichap
Source: The MLS mls logo
MLS#24-424077 • last updated 1 year ago
Movoto checked The MLS for data 10 minutes ago
Overview
Levels/Style Two
MLS # 24-424077
Type Residential Income
Status Sold
SqFt 6163
Lot Size (SqFt) 7667
Lot Size (Acres) 0.176
Tax (Mello-Roos) No
Year Built 1963
Condition Repairs Major, Repair Cosmetic
Interior
Total # of Baths 8
Total # of Bedrooms 12
Laundry Own
Exterior
# Parking Spaces 8
Parking Desc Covered Parking, Uncovered, Parking Space, Carport Attached, Built-In Storage
# Covered Parking Spaces 3
Lot Desc Lawn, Single Lot, Lot Shape-Rectangular
Add'l Structures None
Lot Location City, Hilltop
Amenities / Utilities
Water Heater Water Heater Unit
Equipment Built-Ins
HOA Amenities None
Pool None
Location
County Los Angeles
View City
Zoning LARD2
APN 5402-033-008
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 3550
Unit 1: Projected Rent 2350
Unit 1: # Beds 1
Unit 1: Rent 715
Unit 2: Rent 890
Unit 3: Rent 2912
Unit 2: Furnished No
Unit 2: Projected Rent 3100
Unit 3: # Beds 3
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 2
Unit 1: # Baths 1
Unit 2: Actual Rent 890
Unit 3: Actual Rent 2912
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 715
Total # Of Buildings 1
Net Operating Income 49969
Cap Rate 3.7
Vacancy Amount (%) 3
Gross Income 92723
Gross Operating Income 89941
Gross Rent Multiplier 14.56
Total Annual Expenses 39973
Vacancy Amount ($) 2782
Lot/ Land Details
Add'l APN False
  • Aug 2024
    mls logo MLS # 24-424077
  • Aug 12, 2024 Pending
  • Aug 5, 2024 Listed
    $1,350,000

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Nearby homes for sale in Los Angeles, CA

  • Real Estate
  • CA
  • Los Angeles County
  • Los Angeles
  • 90026
  • Greater Echo Park Elysian
  • 2140 Reservoir St
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Los Angeles, CA

  • 2140 Reservoir St
    $1.3M
  • Greater Echo Park Elysian
    $1.05M -28% y/y
  • 90026
    $1.14M -10% y/y
  • Los Angeles
    $1.09M -6% y/y
No chart available
Statistics calculated by Movoto
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