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1915 Santa Ynez St, Los Angeles, CA 90026Los Angeles, CA 90026
1915 Santa Ynez
Asset ClassMultifamily
overview of deal

Overview

JLL, as exclusive advisor, is pleased to present for sale 1915 Santa Ynez Ave (the “Property” or “Santa Ynez”); a centrally located multifamily investment opportunity situated in the renowned Echo Park submarket of Los Angeles. Santa Ynez is a 10-unit, 2-story wood frame property comprised of Studio, 1- and 2-bedroom apartments. The Property provides investors with significant runway for future rent growth with ±46% rental upside on “Occupied” Units. Ideally situated between Echo Park, Silver Lake, the 101 and 110-freeways, the Property offers a unique combination of proximity to a diverse array ofamenities and unmatched accessibility to all major employment centers throughout Los Angeles. Home to vibrant concert venues and numerous renowned restaurants, Echo Park has garnered the reputation as one of Los Angeles’s hottest neighborhoods. Iconic hotspots such Dodger Stadium, Cosa Buona, Honey Hi, Echo Park Lake venues attract permanent residents and visitors alike to experience all that the area has to offer.

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Investment Highlights

  • Blank Canvas for Subsequent Ownership | 46% Rental Upside on Occupied Units
  • Clear Path to Immediate Rental Upside | Four (4) Units Delivered Vacant at COE
  • Great Unit Mix | Studio 1- and 2-Bedroom Units
  • Very Atractive Basis | 26% Discount to Average PPU for Multifamily Transaction in Echo Park
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1915 Santa Ynez St, Los Angeles, CA 90026Los Angeles, CA 90026

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Listing provided by Revere CRE