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1331 Sutherland St
1331 Sutherland St, Los Angeles, CA 90026
Available Now
43 views
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FOR SALEMultifamily / Apartments Building
Cap Rate
5.22%
NOI
$86,113
Building Size
5,644SF
APN
5406-001-038
Lot Size
7192SF
Zoning
LARD2
Listing Contacts
More property details
Currently Leased
No
No of Buildings
1
No of Stories
2
Units
8
Location
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1331 Sutherland St
About the location
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.
Location 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.