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2140 Reservoir St
2140 Reservoir St, Los Angeles, CA 90026, USA
$1,300,000
CLOSED
October 6, 2024
SALE PRICE
$1,300,000
UNITS
7
PRICE PER UNIT
$185,714
PRICE PER SF
$210.94
CAP RATE
3.84%
GRM
14.02
Deal Story
Selling Agent
The Tuvia Group closed 2140 Reservoir Street, a seven-unit Echo Park property that had never previously been offered for sale and remained in the original developer’s family. Despite a majority of the units being occupied by long-term tenants at significantly below-market rents, the team sourced a local private investor and closed just under the asking price. The sale achieved a 3.84% cap rate and 14.02 GRM, representing the lowest multifamily cap rate recorded in the 90026 ZIP code over the preceding year and a half.
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