Residential Income In Los Angeles

We are pleased to present SITU Montana, an architecturally distinctive four-unit boutique multifamily asset located in the heart of Echo Park. Offered at $2,500,000, the property delivers a 5.91% current capitalization rate, supported by large two-bedroom/two-bath residences, premium design execution, and strong in-place rental fundamentals. SITU Montana represents a rare opportunity to own in one of the strongest and most desirable rental pockets in Los Angeles, within a submarket defined by limited new supply, consistent tenant demand, and long-term appreciation fundamentals. SITU Montana is a curated collection of four expansive 2BD/2BA homes originally constructed in 1914 and comprehensively reimagined in 2023 by Dean Levin of 22RE. Levin’s interpretation of California Contemporary blends architectural restraint with material richness, elevating the historic structure through thoughtful craftsmanship and spatial clarity. Levin, who trained in architecture at Pratt Institute in New York before a twelve year career as a visual artist exhibited at leading galleries, founded 22RE in 2021 with a focus on extending and elevating Los Angeles’ historic residential fabric. The studio has been profiled in PINUP Magazine, named Surface Magazine’s ”Designer of the Day,” and has had projects featured on ArchDaily and in Wallpaper. Notable 22RE work includes the expansion of a 1920s Spanish Revival residence in Los Feliz, flagship retail designs for Malbon and Departamento, and the adaptive reuse of a former Ed Ruscha studio in Glassell Park. Each residence showcases custom millwork, paneled fully equipped kitchens, refined plaster and tile bathrooms, curated finishes, and a cohesive interior palette rarely found in small-scale multifamily offerings. The spa-inspired bathrooms lend a luxurious, tactile quality, while the expansive layouts provide generous living and entertaining space. Large windows and doors invite abundant natural light, creating a warm and inviting indoor-outdoor atmosphere that resonates with Echo Park’s creative and professional tenant base. Modern amenities further enhance the living experience, including smart-home automation, in-unit washer/dryers, and fully furnished or partially furnished flexibility (removable upon request), offering optional turnkey leasing appeal. Each residence includes one gated on-site parking space, and two of the units benefit from dedicated office areasan increasingly valuable feature in today’s hybrid work environment. The uniform unit mix provides operational efficiency while supporting long-term rent growth potential. Located within distance to neighborhood favorites including Bacetti Trattoria, Canyon Coffee, Honey Hi, and the vibrant Sunset retail corridor, SITU Montana benefits from immediate access to Echo Park’s most sought-after dining and lifestyle amenities while maintaining a quiet residential setting just north of Sunset Boulevard. Echo Park remains one of Los Angeles’ most culturally influential Eastside neighborhoods, positioned between Downtown Los Angeles, Silver Lake, and Hollywood. The area benefits from strong regional connectivity to major employment hubs while preserving its historic residential fabric characterized by Craftsman bungalows, Spanish Revival residences, and intimate low-rise apartment buildings. Limited new multifamily supply, consistent renter demand, and enduring neighborhood identity continue to support long-term appreciation and income stability for well-located boutique assets such as SITU Montana.