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146 Rosemont, Echo Park, CA 90026

Commercial property · 2 recorded sales since 2015

146 Rosemont, Echo Park, CA 90026 Sold April 2019 CRMLS
$3,200,000Sold April 2019

Listing Agent: Seth Hamilton (DRE #01897619) · Listing Office: Citivest Realty Services, Inc · Contact: 714-553-2001 · Bought with: Sue Soyoung Kim · Bee Investment, Inc. · MLS #PW19050761 · Source: CRMLS

8,547
Building Sq Ft
6
Units
4.83%
Cap Rate
$164,322
NOI
7,520 sqft
Lot Size
2019
Year Built
R3-1
Zoning
Commercial property
Type

About this commercial property

We are pleased to present another new construction six-unit property. The property just received CofO in February 2019, and leasing of all units has begun, with two units currently leased as shown on the Offering Memorandum. 
 
 146 Rosemont is in the Rampart Village neighborhood, which is adjacent to Silverlake, Koreatown, and Westlake and only a few minutes’ drive from Downtown. This area just south of the 101 Fwy has seen a dramatic change in the last two years, with the addition of many new coffee shops, restaurants, bars and new construction housing. Demand for rentals have skyrocketed in the neighborhood, and rents have followed. Here is an opportunity to purchase a new construction income property before apartment pricing follows neighborhood rents. 
 
 As is with all of our properties, 146 Rosemont is a warrantied and Green Certified building offering the investor a trouble-free and low-maintenance investment. The tenants will enjoy private and spacious living in townhome style units with only one common wall, private laundry rooms in each unit, and motorized security gated parking. All units are separately metered for electricity, water, and gas. The common areas utilize a landlord’s water and power meter servicing water-efficient landscape and LED exterior lighting, all other utilities are paid by tenants. 
 
 Links to the 3D virtual tour for all units can be found in the OM located in the supplements section.

Listing description from the April 2019 sale, as reported to CRMLS.

Sale history

$3,200,000
Sold April 2019 · listed $3,399,000, on market March 2019 · MLS #PW19050761 · Source: CRMLS
Listing Agent: Seth Hamilton · Listing Office: Citivest Realty Services, Inc · Contact: 714-553-2001 · Bought with: Sue Soyoung Kim · Bee Investment, Inc.
$649,000
Sold July 2015 · listed $625,000, on market June 2015 · MLS #DW15137917 · Source: CRMLS
Listing Agent: Ruben Sarinana Jr. · Listing Office: Century 21 A Better Service · Contact: 562-806-1000 · Bought with: Ruben Sarinana Jr. · Century 21 A Better Service
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