Highlights
This rare Echo Park multifamily offering features an attractive unit mix of six one-bedroom units and two two-bedroom units, with three units delivered vacant and ready for renovation. The property offers exceptional rental upside exceeding 60%, supported by full on-site parking and a highly desirable opportunity to convert both tuck-under and open parking areas into five or more ADUs. A vacant laundry room further enhances the property’s repositioning potential. Held by the original developer’s family since 1965, the building presents a unique value-add opportunity and benefits from select units offering city views. Located just north of Sunset Boulevard, the property is within walking distance to Echo Park’s vibrant bars, restaurants, and nightlife. Offered for the first time since its original construction in the 1960s and featuring multiple vacant units, 1331 Sutherland Street represents an exceptional value-add investment with significant ADU potential in one of Los Angeles’ most desirable neighborhoods.
Description
Marcus & Millichap is pleased to present an eight-unit apartment property located at 1331 Sutherland Street in Los Angeles, California. The subject property is situated in a prime Echo Park location, north of Sunset Boulevard and east of Alvarado Street, within one of Los Angeles’ most sought-after rental submarkets.
Listing Details
- Cap Rate
5.22%
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
2/6/2026
- Net Operating Income
$86,113
Property Specifics
- Property Name
1331 Sutherland St
- No of Buildings
1
- No of Stories
2
- No of Units
8
- Building Size
5,644 SF
- Lot Size
7,192 SF
- APN
5406-001-038
- Zoning
LARD2