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1926 Santa Ynez St, Los Angeles, CA 90026
$2,330,000
1926 Santa Ynez St, Los Angeles, CA 90026View this property at 1926 Santa Ynez St, Los Angeles, CA 90026
1926 Santa Ynez StLos AngelesCA90026
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Property Description
***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***
Full Property Details
Full Property Details for 1926 Santa Ynez St
General
- Sold For: $2,330,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-335529
- Added to Site: 154 day(s) ago
Interior
- Interior Features: Turnkey
- Flooring: Wood Laminate, Tile
Rooms
Bathrooms
- Total Bathrooms: 7
- Bathroom Features: Remodeled, Double Vanity(s), Tile
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: In Unit
Additional Information
- Security/Safety: None
- Other Features: Shed(s)
Parking
- Garage Description: Side By Side, Uncovered
Location
- Area: Silver Lake - Echo Park
- County: Los Angeles
- Cross Streets: N. Alvarado Street and Santa Ynez Street
- Driving Directions: The property is located two blocks west of Glendale Blvd and two blocks south of Sunset Blvd.
- Direction Faces: North
Heating & Cooling
- Cooling Type: Multi/Zone
- Heating Type: Wall
Structural Information
- # Buildings: 3
- Architectural Style: Spanish
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 4,621
- Sq. Ft. Source: Other
- Year Built: 1927
- Year Built Source: Vendor Enhanced
- Property Condition: Updated/Remodeled
Unit Information
- Units in Complex: 6
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size: 6502
- Lot Size Source: Vendor Enhanced
- Zoning: LARD2
Financial Considerations
- Price Per Sq. Ft.: $518.29
- Price Per Unit: 415833
- Assessment Year: 1927
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5404-007-003
Listed by Compass, Max Berger
Sold by Figure 8 Realty, Scott Harvey and Figure 8 Realty, Justin Setareh
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Schools
Schools serving 1926 Santa Ynez St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
152 N Vermont Ave, Los Angeles, CA 90004 | 6-8 | 1.5 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1926 Santa Ynez St
Date
Details
Price
Change
Source
3/21/2024
Sold
$2,330,000
-2.71%
MLS
1/23/2024
Price Reduced
$2,395,000
-4.01%
MLS
11/28/2023
Listed
$2,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1926 Santa Ynez St, Los Angeles, CA 90026 (MLS# 23-335529) is a Multi-Family property that was sold at $2,330,000 on March 21, 2024. Want to learn more about 1926 Santa Ynez St? Do you have questions about finding other Multi-Family real estate for sale in Silver Lake? You can browse all Silver Lake real estate or contact a Coldwell Banker agent to request more information.