1305 Waterloo Street
Los Angeles, CA 90026
MLS #16186684

  • 4units
  • 5,145sq ft
Active Under Contract $1,549,000
Est. P&I payment: $5916.13/mo
1305 Waterloo Street, Los Angeles, CA 90026
  • 1305 Waterloo Street, Los Angeles, CA 90026 Photo 1
  • 1305 Waterloo Street, Los Angeles, CA 90026 Photo 2
  • 1305 Waterloo Street, Los Angeles, CA 90026 Photo 3
  • 1305 Waterloo Street, Los Angeles, CA 90026 Photo 4
Description for 1305 Waterloo Street, Los Angeles, CA 90026
Marcus & Millichap, as the exclusive listing agent, is pleased to present a four-unit multifamily property located at 1305 Waterloo St. Nestled right in the heart of Echo Park, the property is in walking distance to beautiful Echo Park Lake, which recently went thru a $45mm makeover. This property, built in 1936 consists of 3 separate structures joined by a central courtyard. The unit mix includes a large 4 bedroom 3 bathroom house, a 4 bedroom 1.5 bathroom house, and two 2 bedroom 1 bath units. This property offers huge rental upside potential, as well as potential to improve the courtyard and create a premium amenity for the tenants. In addition, there is a tremendous amount of new development within walking distance including the Alexan South Echo, a 200 unit apartment building featuring an additional 22,000 SqFt of retail space. ├âÔÇÜ├é┬áImportant to note that one of the 2 bedroom units can be delivered vacant.
MLS #16186684
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My Notes for MLS #16186684

General Features

  • Number Of Buildings: 3
  • Number Of Units Total: 4
  • Year Built: 1936
  • Zoning: LARD2
  • Improvements Amount: 176,173
  • Land Value: 367,035

Exterior Features

  • Stories Total: 2
  • Lot Features: Sprinklers None
  • Lot Size SqFt: 7,932
  • Lot Size Units: Square Feet
  • Parking YN: 1
  • Parking Features: Parking Space

Utility Features

  • Cooling YN: 1
  • Cooling: See Remarks
  • Laundry YN: 1
  • Laundry Features: See Remarks

Financial Features

  • Net Operating Income: 78,311
  • Price Per SqFt: 301.07
  • Total Expenses: 32,961
  • Gross Multiplier: 14.73
  • Gross Operating Income: 111,302

Miscellaneous Features

  • Building Area Total: 5,145
  • Days On Market: 186
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 186


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Directions to 1305 Waterloo Street, Los Angeles, CA 90026
Located on the corner of Waterloo st. and Reservoir st. 2 blocks from Sunset Blvd/
Listing information for 1305 Waterloo Street, Los Angeles, CA 90026 was graciously provided by our friends at the listing brokerage, Marcus & Millichap and by listing agent Ross Joshua DRE# 01918715

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 03/22/2018 at 4:31am
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