Pending

1926 Santa Ynez St

Los Angeles CA, 90026

$2,395,000


$518.29 per sqft

Pending

8 Beds

4,621 sqft

Residential

Built in 1927

***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***

23-335529

MLS ID

November 28, 2023

Listed

February 15, 2024

Updated

Map

1926 Santa Ynez St
Los Angeles CA, 90026

Interior Features

Total Stories

2


Bedrooms

8 Beds


Interior Features

Turnkey


Appliances

Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer


Laundry Description

In Unit


Floor Description

Wood Laminate, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Multi/Zone


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.15 Acres


Architectual Style

Spanish

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

78


Garage

No


Parking

Side By Side, Uncovered


Parking Total

6


View

No


View Description

None


County

Los Angeles


Pool

No


Zoning

LARD2

Listing History

Date

Event

Price

2/15/2024

Pending

1/24/2024

Price Change

$2,395,000

-5%

Listed by with Compass
Listing Contact: 818-321-4972 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Louise Leach | CA DRE# 01774966 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/15/2024

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