1120 Logan Street
1120 Logan Street
$1,995,000
10
10
4,912
4,912
$406
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...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."
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 1120 Logan Street
Zoning
LAR3
Parcel Number5404018022
Total Units8.0
Living Area4912
Source Living AreaVendor Enhanced
AreaSilver Lake (671)
Vacancy Rate0
Lot Size Area6269
Location
LISTING UPDATED: 12/08/2023 09:40 PM
Property Details for 1120 Logan Street
Status | Active |
---|---|
MLS # | 23-268384 |
Days on Market | 387 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.14 AC / 6,269 SF |
County | Los Angeles County |
Location
Building Information for 1120 Logan Street
Stories2Residences-Year Built1962Building Size-Lot Size0.14 AC / 6,269 SF
Payment Calculator
$13,022 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1120 Logan Street
Property History for 1120 Logan Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1120 Logan Street
Taxable ValueLand$1,072,201Additions$976,023Total$2,048,224
Tax Record2023$25,610 ($2,134 / month)
Home Facts
Total Finished SqFt4,912 SqFtAbove Grade Finished SqFt4,912 SqFtLot Size6,269 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN5404-018-022
Schools near 1120 Logan Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Logan Academy of Global Ecology PublicK to 8 | ||
Edward R. Roybal Learning Center Public9 to 12 | ||
Miguel Contreras Learning Complex School Public9 to 12 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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