1611 Donaldson Street
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- 1611 Donaldson Street
Closed in 21 days at $2,741,000, the off-market sale of 1611 Donaldson Street ranks as the fourth-highest price achieved for a rent-controlled fourplex in 90026.
Background
1611 Donaldson Street is a Spanish-style fourplex located in a residential pocket of Echo Park, near neighborhood coffee shops, dining corridors, and the hiking trails of Elysian Park. The property had undergone a series of recent renovations, with several units updated to appeal to higher-income renters seeking character housing with modern finishes. Interior improvements included new wood flooring, updated cabinetry and tile backsplash, recessed lighting, stainless-steel appliances, and refreshed bathrooms.
At the time, Max was the listing agent on another Echo Park property, 1926 Santa Ynez Street, where a buyer completing a 1031 exchange expressed interest. That property was already non-contingent in escrow, and the buyer’s exchange timeline was narrowing. Rather than forcing a deal that no longer fit, Max shifted focus to identifying an alternative opportunity that met the buyer’s criteria within the required timeframe.
Result
Through direct outreach to local owners, Max connected with the owner of 1611 Donaldson Street, who had recently completed renovations and was considering a sale in a market that had become more challenging. The parties were able to align quickly on terms, and the property was brought to contract shortly thereafter.
Escrow closed in 21 days at a purchase price of $2,741,000. The sale ranked as the fourth-highest price achieved for a rent-controlled fourplex in the 90026 ZIP code, encompassing Echo Park and Silver Lake. The transaction highlighted the value of maintaining active relationships with local owners and the ability to source off-market opportunities when timing and execution are critical.
Story Details
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1611 Donaldson Street
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