940 New Depot St
Los Angeles, CA 90012
Immeuble residentiel Propriété À vendre · 7 Unités

940 New Depot Street presents a rare opportunity to acquire a well-maintained 7-unit multifamily property situated in the highly desirable Echo Park neighborhood of Los Angeles. The building spans approximately 6,060 square feet on a ±6,091 SF LAR4-zoned lot, providing strong income potential and future redevelopment upside. The asset features a balanced mix of one-, two-, three-, and four-bedroom units, serving diverse tenant profiles. 1 unit currently vacant, offering immediate lease-up potential or renovation options to drive rental growth and performance.
The property has seen recent upgrades, including exterior improvements and updates to multiple units, reducing near-term maintenance costs and enhancing curb appeal. On-site amenities include gated parking and shared laundry facilities, appealing to residents seeking convenience and security. Located just minutes from Downtown Los Angeles, Dodger Stadium, and major freeways, the property benefits from exceptional connectivity and strong rental demand tied to ongoing neighborhood revitalization. LAR4 zoning further offers flexibility for long-term redevelopment or density bonus strategies (buyer to verify).
Priced for value-add investors, 940 New Depot Street combines current cash flow with appreciable future upside in one of Los Angeles’ most vibrant submarkets.