About 1120 Logan St
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."
Features of 1120 Logan St
| MLS® # | 23-268384 |
|---|---|
| Price | $1,995,000 |
| Bedrooms | 10 |
| Bathrooms | 10.00 |
| Square Footage | 4,912 |
| Acres | 0.14 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 1120 Logan St |
|---|---|
| Area | Silver Lake - Echo Park |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90026 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Attic Fan |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | May 10th, 2023 |
|---|---|
| Days on Market | 363 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Roderick 'rick' Raymundo (01357019) |
|---|---|
| Office | Marcus & Millichap |