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1120 Logan St, Los Angeles, CA 90026
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1120 Logan St Los Angeles, CA 90026

$1,995,000
  • 10 Beds
  • 10 Baths
  • 4,912 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 1120 Logan St, Los Angeles, CA 90026

Property Overview: 1120 Logan St Los Angeles, CA has 10 bedrooms, 10 bathrooms, 4,912 living square feet and 6,269 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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."

Listed by Roderick 'Rick' Raymundo | BRE #01357019 | Marcus & Millichap
Last checked: 7 minutes ago | Last updated: December 9th, 2023 | Source CRMLS | DOM: 346
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Home details

Lot Sq. Ft
6,269
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23268384
City
Los Angeles
County
Los Angeles
Time on Site
350 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $686
  • Total Rent: $1,372
  • Pro Forma/Market Rent: $5,390
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,243
  • Total Rent: $7,459
  • Pro Forma/Market Rent: $13,170
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.62%
  • Gross Rent Multiplier: 18.57
  • Gross Scheduled Income: --
  • Net Operating Income: $52,176
  • Gross Operating Income: $104,245
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1120 Logan St

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Property Details for 1120 Logan St

Interior Features
Interior Features
  • Ceiling Fan(s)
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 8
  • Parcel Number: 5404018022
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: We are pleased to announce the opportunity to purchase 1120 Logan Street, an eight-unit multifamily property located just one block from Sunset Boulevard within the Echo Park neighborhood of Los Angeles, CA.
View more facts & features

Local Los Angeles Agent

Sale History for 1120 Logan St

Last sold for $1,910,000 on March 21st, 2019

  • May, 2023

  • May 10, 2023

    Date

    Active

    CRMLS: 23268384

    $1,995,000

    Price

  • March, 2019

  • Mar 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,910,000

    Price

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: 18384836

    $2,195,000

    Price

  • Nov 8, 2018

    Date

    Price Change

    CRMLS: 18384836

    $2,195,000

    Price

  • Sep 12, 2018

    Date

    Active

    CRMLS: 18384836

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE REDUCTION -- BRING ALL OFFERS. 1120 Logan Street is located steps away from the newly updated and ever-popular Echo Park Lake. The total building square footage is 4,912 on a 6,269 square foot lot. The property consists of eight units, with a mix of two (2) 2 bedroom / 1 bath units and six (6) 1 bedroom / 1 bath units. The location offers renters the ability to walk to many of Echo Park's most sought-after venues and attractions. Can be purchased in conjunction with:1330 Liberty Street (9 Units in Echo Park) and 1819 Montrose Street (4 Units in Echo Park).

  • August, 2015

  • Aug 5, 2015

    Date

    Sold (Public Records)

    Public Records

    $17,800,000

    Price

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Tax History for 1120 Logan St

Assessed Value (2020): $1,948,520
Year Land Value Improved Value Assessed Value
2020 $1,020,000 $928,520 $1,948,520

Home Value Compared to the Market

This property vs the competition

1120 Logan St is listed 59.6% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $406.15 per/sqft which puts the price per square foot 47.73% lower than the median price per square foot for the city of Los Angeles.

About 1120 Logan St

Detailed summary of property

1120 Logan St is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 10 bedrooms, 10 bathrooms, roughly 4,912 living square feet, and sits on an approximately 6,269 square foot lot. 1120 Logan St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner is currently asking $1,995,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 59.6% higher than the median priced home. Local competing homes currently for sale include 1627 Mccollum St, 125 Union Pl and 857 N La Fayette Park Pl. While the average home in Los Angeles, CA is selling in 92 days, 1120 Logan St has a days on market of 346 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1120 Logan St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1120 Logan St

Public county record property details
Beds
10
Baths
8
Year built
1962
Sq. Ft.
4,912
Lot Size
6,269
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5404-018-022

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$766
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$817
Total Inventory
73
Median Sale to List Price %
105.92%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Recently Sold Homes Near 1120 Logan St

1119 Logan St, Los Angeles, CA 90026
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6 Baths
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1123 Logan St, Los Angeles, CA 90026
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1123 Logan St
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1615 Park Ave, Los Angeles, CA 90026
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13 Beds
13 Baths
13260 Sq.Ft.
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$8,100,000 Last Sold Price
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13584 Sq.Ft.
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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