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1926 Santa Ynez Street
Los Angeles, CA 90026
Sold
1926 Santa Ynez Street
Los Angeles, CA 90026
Sold
***Listing Update - Just reduced by $100,000 & 2 NEW market-rate leases in the last 60 days*** 1926 Santa Ynez is a 6-unit Spanish-style property located two blocks west of Echo Park Lake and two blocks south of Sunset Blvd. This largely-renovated turnkey property is located within walking distance of a revitalized urban oasis serving as a neighborhood hub, and a wide array of popular retailers, cafes, and restaurants along Sunset Blvd. Four of these units are extensively renovated and blend Spanish charm with luxurious amenities that appeal to high-income young professionals and families. These units feature stone countertops, stainless-steel appliances, designer tile backsplash, wood-vinyl flooring, custom cabinets, recessed lighting, mini-split A/Cs, and an in-unit stackable washer and dryer. 1926 Santa Ynez is offered at a 5.29% CAP and 12.76 GRM on current rents and offers approx. 31% rental upside. 2 of the renovated units at the subject property received market-rate leases in the last 60 days, proving the units' quality and design can achieve market rents. At projected market rents, the CAP is 7.64%, and the GRM IS 9.75. Additionally, the property features seven surface parking spaces that generate additional income; and two storage units that generate additional income, and may be converted into ADUs (buyer to verify). ***Please do not disturb occupants - tours are available with an accepted offer***
PROPERTY INFORMATION
| MLS # | 23335529 | Lot Size | 6,502 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,395,000
Price Per SqFt: $ 518 |
DOM | 524 Days |
| Address | 1926 Santa Ynez Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,621 Sq. Ft. |
| Postal Code | 90026 | Garage | N/A |
| County | Los Angeles | Year Built | 1927 |
| Bed / Bath | 8 / 0 | Parking | 6 |
| Built In | 1927 | Status | Closed |
| Sold Date | 2024-03-21 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Washer Included, Dryer Included |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Disposal, Refrigerator |
| Kitchen Information | Stone Counters, Remodeled Kitchen |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Flooring Information | Tile |
| Bathroom Information | Remodeled, Vanity area, Tile Counters |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,555
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/29/2023 | Listed | $2,495,000 |
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Listing provided courtesy of Max Berger, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
