Skip To Content
    Return to Previous Page

    940 New Depot St

    Los Angeles, CA 90012
    • $3,000,000
    • STATUS: Active
    • ON SITE: 117 days
    • ID#: 20-613120
    UPDATED: 53 min ago
    $3,000,000
    • 15
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,060
      SQFT
    • $495
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:

    School Ratings & Info

    Description

    Recently renovated, easy-to-manage, 7 unit apartment complex in the booming Echo Park area of Los Angeles, CA, directly adjacent to Downtown LA and Chinatown. High upside in lowering expenses! Each unit consists of laminate flooring, granite countertops, new kitchens and appliances, new paint, and numerous other improvements.The property is ideally located just steps from two of Echo Parks largest future developments, Sunset/Everett and The Metropolitan Water District Project, boasting 982 residential units, a boutique hotel, and exciting new commercial space.The area is also characterized by strong household incomes and heavy automobile traffic. The apartment is conveniently located within walking distance to The Orsini, CVS, EVANS Adult College, Eastside Deli Market, Mexicali Restaurant, Orsini, Burger King, CVS, Jack n the Box, Dodger Stadium, close to the freeway

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T10:42:19.027. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/108518876
    Print Image

    940 New Depot St Los Angeles, CA 90012

    • Price: $3,000,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 20-613120
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,060
    SQFT
    $495
    $/SQFT
    1983
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    Recently renovated, easy-to-manage, 7 unit apartment complex in the booming Echo Park area of Los Angeles, CA, directly adjacent to Downtown LA and Chinatown. High upside in lowering expenses! Each unit consists of laminate flooring, granite countertops, new kitchens and appliances, new paint, and numerous other improvements.The property is ideally located just steps from two of Echo Parks largest future developments, Sunset/Everett and The Metropolitan Water District Project, boasting 982 residential units, a boutique hotel, and exciting new commercial space.The area is also characterized by strong household incomes and heavy automobile traffic. The apartment is conveniently located within walking distance to The Orsini, CVS, EVANS Adult College, Eastside Deli Market, Mexicali Restaurant, Orsini, Burger King, CVS, Jack n the Box, Dodger Stadium, close to the freeway
    Exterior Features

    Carport Spaces Total 7 Direction Faces South Levels Three Or More Lot Size Area 6091 Other Structures None Parking Garage Carport AttachedTandemParking For GuestsOn Street Style Unknown Total Parking 10 View Description CityCity Lights View YN Yes Water Frontage None

    Interior Features

    Bathroom Features Granite Baths Total 8.00 Bedroom Features Master Bedroom Common Walls Attached Cooking Appliances Cooktop - GasOvenOven-Gas Cooling Wall/WindowWindow Unit(S)Wall Unit(S) Equipment Ceiling FanDryerRefrigeratorOtherMicrowaveHood FanVented Exhaust FanWasher Fireplace Rooms None Flooring Laminate Heating Wall Gas Kitchen Features Granite Counters Laundry CommunityLaundry Area Laundry Equipment Own Water Heater Features Gas

    Property Features

    Assessed Total Value 1400000 Gross Income 209400 Gross Operating Income 209400 Like Units1 2 Like Units2 2 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 166069.40 Number Of Buildings 1 Number Of Units 7 Owner Pays Water Property Condition Updated/Remodeled Sale Type Standard Security Features GatedOtherAutomatic GateCard/Code Access Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasInsuranceCable Tv Total Annual Expense 43330.6 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Eon Lew DRE#01730294 of District Realty Group.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T10:42:19.027. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-613120-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-613120-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-613120-2.jpg
    Logo
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211