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Price Echo Park | Turnkey 1807 Montana St 4 Unité Immeuble d’appartements 3 443 750 $ CAD (860 938 $ CAD/Unité) 5,91% Taux de capitalisation Los Angeles, CA 90026
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Faits saillants de l'investissement
- Architect-Designed by Dean Levin / 22RE - Comprehensively renovated in 2023 by Dean Levin of 22RE,
- Uniform 2BD / 2BA Unit Mix - All four residences average approximately 942 square feet, catering to roommates, couples, and work-from-home
- Furnished, Turnkey Residences - Fully furnished, hospitality-grade apartments command premium rents and attract high-income tenants
- 5.91% Current Cap Rate with 6.59% Stabilized Upside - $147,751 current NOI with projected upside to $164,809 upon full market stabilization
- Fully Renovated in 2023 – Reduced Capital Risk - Comprehensive renovation mitigates deferred maintenance concerns common to vintage Echo Park assets,
Résumé de l'annonce
The LAAA Team of Marcus & Millichap is pleased to present 1807 Montana Street, an architecturally significant four-unit boutique multifamily offering in the heart of Echo Park. Offered at $2,500,000, the property delivers a 5.91% current capitalization rate with upside to 6.59% upon stabilization, supported by uniform two-bedroom/two-bath residences, premium design execution, and strong in-place rental fundamentals in one of Los Angeles’ most supply-constrained urban submarkets.
Originally constructed in 1914 and comprehensively reimagined in 2023 by Dean Levin of 22RE, the property reflects a highly intentional California Contemporary design language rooted in architectural craft and material depth. Levin, who trained in architecture at Pratt Institute in New York before a twelve-year career as a visual artist exhibited at leading galleries, founded 22RE in 2021 with a focus on extending and elevating Los Angeles’ historic residential fabric. The studio has been profiled in PIN–UP Magazine, named Surface Magazine’s “Designer of the Day,” and has had projects featured on ArchDaily and in Wallpaper*. Notable 22RE work includes the expansion of a 1920s Spanish Revival residence in Los Feliz, flagship retail designs for Malbon and Departamento, and the adaptive reuse of a former Ed Ruscha studio in Glassell Park. At 1807 Montana Street, this architectural pedigree translates into refined millwork, paneled kitchens, plaster and tile bathrooms, custom cabinetry, curated furnishings, and an overall cohesion rarely found in small multifamily product.
The property comprises four expansive 2BD/2BA residences averaging approximately 942 square feet, each offering in-unit
washer/dryer, smart-home integration, and one dedicated on-site parking space. Large windows and thoughtfully proportioned
layouts create a bright indoor-outdoor feel, appealing to Echo Park’s creative and professional tenant base. Located within
walking distance to Bacetti Trattoria, Canyon Coffee, Honey Hi, and the Sunset retail corridor, 1807 Montana Street represents a
rare opportunity to acquire a design-forward, stabilized boutique asset in a neighborhood defined by limited new supply, strong
renter demand, and long-term appreciation fundamentals.
Originally constructed in 1914 and comprehensively reimagined in 2023 by Dean Levin of 22RE, the property reflects a highly intentional California Contemporary design language rooted in architectural craft and material depth. Levin, who trained in architecture at Pratt Institute in New York before a twelve-year career as a visual artist exhibited at leading galleries, founded 22RE in 2021 with a focus on extending and elevating Los Angeles’ historic residential fabric. The studio has been profiled in PIN–UP Magazine, named Surface Magazine’s “Designer of the Day,” and has had projects featured on ArchDaily and in Wallpaper*. Notable 22RE work includes the expansion of a 1920s Spanish Revival residence in Los Feliz, flagship retail designs for Malbon and Departamento, and the adaptive reuse of a former Ed Ruscha studio in Glassell Park. At 1807 Montana Street, this architectural pedigree translates into refined millwork, paneled kitchens, plaster and tile bathrooms, custom cabinetry, curated furnishings, and an overall cohesion rarely found in small multifamily product.
The property comprises four expansive 2BD/2BA residences averaging approximately 942 square feet, each offering in-unit
washer/dryer, smart-home integration, and one dedicated on-site parking space. Large windows and thoughtfully proportioned
layouts create a bright indoor-outdoor feel, appealing to Echo Park’s creative and professional tenant base. Located within
walking distance to Bacetti Trattoria, Canyon Coffee, Honey Hi, and the Sunset retail corridor, 1807 Montana Street represents a
rare opportunity to acquire a design-forward, stabilized boutique asset in a neighborhood defined by limited new supply, strong
renter demand, and long-term appreciation fundamentals.
Bilan financier (Réel - 2024) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
295 061 $
|
78,31 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
8 852 $
|
2,35 $
|
| Revenu brut effectif |
286 209 $
|
75,96 $
|
| Taxes |
43 782 $
|
11,62 $
|
| Dépenses d’exploitation |
12 410 $
|
3,29 $
|
| Total des dépenses |
56 192 $
|
14,91 $
|
| Revenu net d’exploitation |
230 016 $
|
61,04 $
|
Bilan financier (Réel - 2024)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 295 061 $ |
| Annuel par pi² | 78,31 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 8 852 $ |
| Annuel par pi² | 2,35 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 286 209 $ |
| Annuel par pi² | 75,96 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 43 782 $ |
| Annuel par pi² | 11,62 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 12 410 $ |
| Annuel par pi² | 3,29 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 56 192 $ |
| Annuel par pi² | 14,91 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 230 016 $ |
| Annuel par pi² | 61,04 $ |
Faits sur la propriété
| Prix | 3 443 750 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 860 938 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,16 AC |
| Taux de capitalisation | 5,91% | Taille du bâtiment | 3 768 pi² |
| Multiplicateur du loyer brut | 11.82 | Occupation moyenne | 100% |
| Nombre d’unités | 4 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1914/2025 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,06/1 000 pi² |
| Zonage | LAR1.5 - Habitation multifamiliale à densité restreinte | ||
| Prix | 3 443 750 $ CAD |
| Prix par unité | 860 938 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,91% |
| Multiplicateur du loyer brut | 11.82 |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 0,16 AC |
| Taille du bâtiment | 3 768 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1914/2025 |
| Ratio de stationnement | 1,06/1 000 pi² |
| Zonage | LAR1.5 - Habitation multifamiliale à densité restreinte |
Commodités
Commodités des unités
- Laveuse/Sécheuse
- Connexions pour laveuse/Sécheuse
- Cuisine
- Four
- Fourchette
- Bain/Douche
- Foyer
- Eau chaude instantanée
- Îlot de cuisine
- Porche
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+2 | 4 | 6 199 $ CAD | 942 |
1 1
Très praticable à pied
80/100
Moyennement facile d’accès en voiture
70/100
Transports en commun robustes
80/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 5419-021-005 | Évaluation totale | 2 180 781 $ CAD (2025) |
| Évaluation du terrain | 1 235 776 $ CAD (2025) | Impôts annuels | 43 782 $ CAD (11,62 $ CAD/pi²) |
| Évaluation des bâtiments | 945 005 $ CAD (2025) | Année d’imposition | 2024 |
Impôts fonciers
Numéro de lot
5419-021-005
Évaluation du terrain
1 235 776 $ CAD (2025)
Évaluation des bâtiments
945 005 $ CAD (2025)
Évaluation totale
2 180 781 $ CAD (2025)
Impôts annuels
43 782 $ CAD (11,62 $ CAD/pi²)
Année d’imposition
2024
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Price Echo Park | Turnkey | 1807 Montana St
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