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Image 1 - 316 N Bixel St, Los Angeles, California, 90026 - House for sale
Image 2 - 316 N Bixel St, Los Angeles, California, 90026 - House for sale
Image 3 - 316 N Bixel St, Los Angeles, California, 90026 - House for sale
Image 4 - 316 N Bixel St, Los Angeles, California, 90026 - House for sale
Image 5 - 316 N Bixel St, Los Angeles, California, 90026 - House for sale
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Image 9 - 316 N Bixel St, Los Angeles, California, 90026 - House for sale
N Bixel St, Los Angeles, Home For Sale
316 N Bixel St, Los Angeles, California, 90026

N Bixel St, Los Angeles, Home For Sale

house for sale
Listed: 06/29/24

316 N Bixel St, Los Angeles, California, 90026

8 Bed:
8 Bath:
3,704 Sq Ft Living Area:
Save
Price
$ 1,38M

About This House

This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West. The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The other two units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents …  Full description

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Echo Park Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.