1445 Calumet Avenue

Los Angeles, CA 90026

$2,300,000
Price
7
Beds
7
Baths
3,144 Sq. Ft.
$732 / Sq. Ft.
3,144
Sq. Ft.
$732
per Sq. Ft.

Description

This private, charming, turnkey investment, with current annual NOI over $111,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private deck and outdoor space. These units were fully renovated in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity...This private, charming, turnkey investment, with current annual NOI over $111,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private deck and outdoor space. These units were fully renovated in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained with newer roofs, sewer lines and decks. There is still quite a bit of upside. Units are SFR so possible TIC candidate. Total projected 2024 rent for all 7 units: $177,092/ yr. Pro forma rent: $247,221/ yr. (7.81% Cap rate). Current cap rate 4.86%. Permit history, general and sewer inspections, and rent rolls available for viewing.
  1. Listed by Emily Johnson • DRE #01877330 • Brokerage DRE #01407690 • Sotheby's International Realty

Property Details for 1445 Calumet Avenue

Zoning
LAR2
Style
Bungalow
Parcel Number
5405013019
Total Units
7.0
Living Area
3144
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Subdivision Name
Angeleno Heights

Open Houses

Tuesday, May 7th

12:00 PM - 2:00 PM

PublicView Details

Location

Listing Courtesy of Sotheby's International Realty, Emily Johnson, DRE #01877330
Add your commute
LISTING UPDATED: 05/01/2024 01:30 PM

Property Details for 1445 Calumet Avenue

StatusActive
MLS #23-314985
Days on Market192
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.15 AC / 6,744 SF
CountyLos Angeles County

Location

Listing Courtesy of Sotheby's International Realty, Emily Johnson, DRE #01877330
Add your commute

Building Information for 1445 Calumet Avenue

Stories1Residences-Year Built1922Building Size-Lot Size0.15 AC / 6,744 SF

Payment Calculator

$14,672 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,552

Property Taxes

$2,120

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1445 Calumet Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Pets Allowed: Pets Permitted
  • Senior Community: No
  • Builders Tract Name: Angeleno Heights
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 7
  • Type Of Units: studios
  • Security Features: Exterior Security Lights, Gated
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $247,221
  • Net Operating Income: $179,827.00
  • Gross Income: $247,221
  • Cap Rate: 7.81%
  • Gross Rent Multiplier: $9.30
  • Actual Annual Gross Rent: $177,092.00
  • Actual Rent Total: $14,689.00
  • Total Annual Expense: 66601
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1548
  • Lot Size Square Feet: 6744
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Hardwood
  • Equipment: Dishwasher, Ceiling Fan, Refrigerator, Range/Oven
  • Interior Features: Cathedral-Vaulted Ceilings
  • Common Walls: Detached/No Common Walls
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Patio Features: Enclosed
  • New Construction: No
  • Construction Materials: Clapboard
  • Exterior Construction: Clapboard
  • Other Structural Features: High Ceilings (9 Feet+)
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-26-2023
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,874.00
  • Unit Actual Rent: $4,874.00
  • Unit Projected Rent: $5,600.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $9,814.00
  • Unit Actual Rent: $9,814.00
  • Unit Projected Rent: $15,000.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $622,888.00
  • Assessed Improvement Percent: 30.99
  • Assessed Land Value: $1,387,347.00
  • Assessed Land Percent: 69.01
  • Assessed Total Value: $2,010,235.00

Property History for 1445 Calumet Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1445 Calumet Avenue

Taxable ValueLand$1,415,093Additions$635,345Total$2,050,438
Tax Record2023$25,438 ($2,120 / month)
Home Facts
Total Finished SqFt3,144 SqFtAbove Grade Finished SqFt3,144 SqFtLot Size6,744 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAR2CountyLOS ANGELESAPN5405-013-019

Schools near 1445 Calumet Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Betty Plasencia Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1445 Calumet Avenue is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on September 26, 2023 by Sotheby's International Realty, it's currently listed at $2,300,000. It has been on the market for a total of 192 days and was last sold on September 22, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Betty Plasencia Elementary School, Sal Castro Middle School and Academic Leadership Community School. 1445 Calumet Avenue is a 7-bed, 7-bath, 3,144 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Emily Johnson, DRE #01877330

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.