908 Everett Street, Los Angeles, CA 90026
  • MLS#: 25575087 ( )
  • Street Address: 908 Everett Street
  • Viewed: 6
  • Price: $5,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 113
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90026
  • Provided by: Marcus & Millichap
  • Contact: Sean Sean
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 908916 everett street and 1236 west sunset boulevard, two fully renovated multifamily assets totaling 20 units in the heart of echo park, one of los angeles' most sought after submarkets. Both properties offer turnkey, furnished housing with strong in place cash flow and additional upside through continued branding and operational optimization. Each property has been completely re constructed through a "down to the studs" renovation that includes upgraded building systems, fully modernized interiors, new landscaping, outdoor decks and communal spaces, and a refreshed exterior aesthetic. The portfolio features a mix of charming bungalow style apartments and 24 bedroom townhomes, designed with high end curated interiors and flexible lease structures. The larger townhome layouts are particularly well suited for per bedroom rentals, allowing owners to capture rent premiums. Fully furnished units include premium smeg appliances, designer finishes, in unit laundry, and curated interiors. Flexible lease terms and bundled utilities make the offering especially appealing to young professionals and creative tenants seeking high quality, hassle free living. Together, the properties provide investors with a stabilized, cash flowing portfolio with operational upside through management efficiencies and lease up of remaining vacancy. 908916 everett includes two newly constructed townhome style adus completed in 2021, as well as secured on site parking. Amenities include rooftop decks, private outdoor spaces, and gated parking. With irreplaceable locations near sunset boulevard, limited new supply, and growing demand for flexible furnished housing, everett and sunset offer investors a rare opportunity to acquire turnkey assets with high yield potential, operational scalability, and long term growth. Please do not walk the property or disrupt tenants. Contact the listing team for details. The properties may be purchased individually or as a portfolio
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Features
Building Area Total
  1. 6809.00
Country
  1. US
Levels
  1. Two
  2. Multi/Split
Netoperatingincome
  1. 340224.00
Parcel Number
  1. 5406017022
Parking Features
  1. None
Postalcodeplus4
  1. 4491
Sourcesystemkey
  1. 25575087:CLAW
Totalexpenses
  1. 144298.00
Year Built
  1. 1923
Year Built Source
  1. Assessor
Zoning
  1. LAR3