1926 Santa Ynez Street, Los Angeles, CA 90026
About the Property
1926 Santa Ynez Street is a six-unit Spanish-style multifamily property located two blocks west of Echo Park Lake and two blocks south of Sunset Blvd, positioning it squarely within one of Echo Park’s most walkable and supply-constrained residential pockets. The property sits on a quiet residential street while remaining steps from the neighborhood’s primary retail, dining, and lifestyle corridor along Sunset Blvd.
The immediate area surrounding 1926 Santa Ynez Street has continued to benefit from sustained renter demand driven by proximity to Echo Park Lake, Silver Lake, Downtown Los Angeles, and major east-west transit routes. This location has historically supported strong occupancy and rent growth, particularly for renovated Spanish-style assets that align with the architectural character of the neighborhood.
Spanish-Style Architecture With Renovated Interiors
1926 Santa Ynez Street features classic Spanish-style architecture that remains highly sought after in Echo Park. The building has undergone significant interior renovation across the majority of the units, blending original character with modern finishes that resonate with today’s renter profile.
Renovated units feature stone countertops, stainless steel appliances, designer tile backsplashes, wood-vinyl flooring, custom cabinetry, recessed lighting, mini-split air conditioning systems, and in-unit stackable washer and dryers. These improvements have been executed in a manner that preserves the charm of the building while aligning with current market expectations for renovated product in Echo Park.
Recent Leasing Activity Demonstrating Market Rent Support
Two renovated units at 1926 Santa Ynez Street have secured new market-rate leases within the past sixty days, providing recent validation of achievable rent levels. This leasing activity supports the quality of the renovations and establishes a clear benchmark for remaining units as they turn over naturally.
5.29% CAP and 12.76 GRM w. Approx. 31% Rental Upside
1926 Santa Ynez Street is offered at a 5.29% CAP rate and a 12.76 GRM on current rents, with approx. 31% rental upside relative to renovated market comparables in the immediate area. At projected market rents, the property is expected to stabilize at a 7.64% CAP rate and a 9.75 GRM.
Parking, Storage Income, and Long-Term Optionality
The property includes seven surface parking spaces that generate additional income, a meaningful feature in Echo Park where parking remains limited. Two on-site storage units also generate income and may offer future ADU conversion potential, subject to buyer verification of zoning, setbacks, and feasibility.
These supplemental income streams enhance overall cash flow while preserving optionality for future ownership strategies.
Echo Park Location Anchored by Lifestyle and Access
1926 Santa Ynez Street benefits from immediate walkability to Echo Park Lake and Sunset Blvd, where tenants have access to neighborhood cafés, restaurants, and retail that continue to define Echo Park’s appeal. The property also offers convenient connectivity to Silver Lake, Downtown Los Angeles, and major employment centers throughout the Eastside.
This portion of Echo Park remains defined by limited multifamily inventory, strong tenant retention, and sustained demand for renovated Spanish-style properties in close proximity to daily amenities.
Conclusion: Renovated Echo Park Spanish Asset With Proven Rent Support
1926 Santa Ynez Street offers a renovated six-unit Spanish-style multifamily property in one of Echo Park’s most established residential locations. With recent market-rate leasing activity, in-place income, clear rental upside, supplemental parking and storage income, and proximity to Echo Park Lake and Sunset Blvd, the property presents a well-defined value-add opportunity rooted in location, execution, and demand fundamentals.
Marketing Package:
Property Location
Sold Price
$2,330,000
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