1120 Logan Street, Los Angeles, CA 90026

  • $1,995,000
  • $406
1120 Logan Street, Los Angeles, CA 90026
  • Residential Income
  • Property Type
  • 10
  • Bedrooms
  • 10
  • Bathrooms
  • 4912.00
  • 1962
  • Year Built
For Sale
1120 Logan Street, Los Angeles, CA 90026
  • $1,995,000
  • $406

Overview

Property ID: SGR-4886485
  • Residential Income
  • Property Type
  • 10
  • Bedrooms
  • 10
  • Bathrooms
  • 4912.00
  • 1962
  • Year Built

Description

With current rents averaging approximately $1.79 per square foot, a new owner can nearly double the property’s income by matching the area’s market rents that have surpassed $3.50 per square foot. One-quarter of the units have already been substantially upgraded, providing a blueprint for a new investor to follow and recapture the rent upside. Renovated units feature new wood flooring, quartz countertops, new custom cabinets, stainless steel appliances, tile backsplashes, new lighting, and remodeled bathrooms. Built in 1962, the property is nestled between Echo Park Lake and Sunset Boulevard, sitting just one block from both one of Los Angeles’ most popular parks and one of the city’s trendiest streets. As the neighborhood has gentrified in recent years, new shops and restaurants have emerged along both Sunset Boulevard and Glendale Boulevard, providing numerous destinations within blocks of the property. The building has therefore received a Walk Score of 93, with the immediate area considered a “Walker’s Paradise.”

  • Address 1120 Logan Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90026
  • Area C21 - Silver Lake - Echo Park
  • Country United States

Details

Updated on December 9, 2023 at 11:03 am
  • Property ID: SGR-4886485
  • Price: $1,995,000
  • Property Size: 4912.00 m²
  • Land Area: 6269.00 m²
  • Bedrooms: 10
  • Bathrooms: 10
  • Year Built: 1962
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 4912.00
  • MLS#: 23268384
  • Office Name: MARCUS & MILLICHAP
  • Agent Name: Roderick 'Rick' Raymundo
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01357019

Additional details

  • County: Los Angeles
  • Parking: 8.00

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