2226 Branden Street

Los Angeles, CA 90026

$1,800,000
Price
6
Beds
2,248 Sq. Ft.
$801 / Sq. Ft.
2,248
Sq. Ft.
$801
per Sq. Ft.

Description

Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant...Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.
  1. Listed by Alan Lu • DRE #01514595 • Brokerage DRE #01928528 • ALTC Realty • 626-378-8007

Property Details for 2226 Branden Street

Architectural Style
Modern
View
City Lights
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of ALTC Realty, Alan Lu, DRE #01514595
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LISTING UPDATED: 01/01/2024 01:58 AM

Property Details for 2226 Branden Street

StatusActive
MLS #AR23230449
Days on Market125
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size0.17 AC / 7,397 SF
CountyLos Angeles County

Location

Listing Courtesy of ALTC Realty, Alan Lu, DRE #01514595
Add your commute

Building Information for 2226 Branden Street

Stories1Residences-Year Built2021Building Size-Lot Size0.17 AC / 7,397 SF

Payment Calculator

$11,382 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,559

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2226 Branden Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $90,600
  • Gross Scheduled Income: $90,600
  • Net Operating Income: $72,480
  • Cap Rate: 4.25
  • Current Financing: None
Expense Details
  • Operating Expense: $18,120
  • Operating Expense Percent: 20.00%
  • New Taxes Expense: $12,500
  • Insurance Expense: $1,200
  • Trash Expense: $0
  • Total Expenses: $18,120
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 1955.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 334
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Room Type: Main Floor Bedroom, Main Floor Primary Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Concrete, Laminate
Exterior Features
  • Entry Location: 1
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Green Energy Efficient: Appliances, Thermostat, Water Heater
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Electric: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,350
  • Unit Type Total Rent: $3,350
  • Unit Type Pro Forma: 3350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number Wall AC: 1

Property History for 2226 Branden Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2226 Branden Street

Taxable ValueLand$1,020,000Additions$510,000Total$1,530,000
Tax Record2023$18,713 ($1,559 / month)
Home Facts
Total Finished SqFt2,180 SqFtAbove Grade Finished SqFt2,180 SqFtLot Size7,382 SqFtStyleDuplexYear Built1908ZoningLAR2CountyLOS ANGELESAPN5423-006-013

Schools near 2226 Branden Street

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
Charter - K to 8
Rating
School
Distance
Clifford Street Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Gabriella Charter School
CharterK to 8

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

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2226 Branden Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on December 27, 2023 by ALTC Realty, it's currently listed at $1,800,000. It has been on the market for a total of 125 days and was last sold on October 25, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Clifford Street Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 2226 Branden Street is a 6-bed, 0-bath, 2,248 sqft multi-family home built in 2021.

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 ALTC Realty, Alan Lu, DRE #01514595

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.