933 New Depot St 6 & 7
933 New Depot St 6 & 7
Highlights
Property Features
Architecture
High-Yield Asset Structure
This rare stacked duplex configuration (Units 6 & 7) is engineered for maximum return. Delivered turnkey with a modern aesthetic, this asset offers the versatility of a multi-family investment with the ease of condo-style maintenance. Built in 1976 and recently remodeled, it provides a low-entry, high-upside opportunity in a high-demand submarket.
Security
Gated Investment Security
Minimize risk and vacancy with a property that offers superior tenant security. Located within a professionally managed, gated community, the asset features controlled access and secure subterranean parking. This safety-focused environment ensures high tenant retention and commands premium market rents.
Amazing views
Prime Victor Heights Value-Add
Capitalize on the desirability of the iconic DTLA skyline views. The top-floor unit boasts a private balcony that serves as a major market differentiator, allowing for aggressive pro-forma rent increases. This "Aerie" perspective, combined with the 86 Walk Score, positions the property to capture the influx of young professional renters in the Echo Park corridor.
General Information
Property Overview
- Mountain Contemporary Design: Completed in 1976 (Remodeled 2024), offering a modern minimalist yet cozy aesthetic.
- Spacious Lot: Part of a 1.22-acre gated community, providing rare urban space and landscaped grounds.
- Privacy Assured: Secure, gated setting with controlled entrance and no neighboring units looking directly into your living spaces.
- Scenic Views: Stunning Downtown LA skyline vistas from the upper unit and serene community views across the property.
Main Living Spaces
- Convenient Two-Level Layout: Unique "stacked" duplex design; Unit 7 on the 2nd level and Unit 6 on the top floor for maximum privacy.
- Great Room: Bright, open-concept living and dining areas featuring floor-to-ceiling sliding glass doors that lead to private balconies.
- Master Suite: Spacious primary bedrooms in each unit acting as private retreats with large windows and ample natural light.
- Flexible Layout: Both units feature a generous 2-bedroom floor plan, ideal for a "live-in one, rent the other" owner-user scenario.
Master Suite & Living Areas
- Full Bathrooms: Remodeled baths featuring designer tile, stone counters, and modern fixtures with a clean, spa-like feel.
- Walk-In Closets: Included in bedrooms for maximum storage convenience and organized living.
- Indoor-Outdoor Living: Private balconies for each unit designed for morning coffee, evening relaxation, and taking in the city lights.
- Family Room: The main living areas are cozy yet spacious, flowing directly into the dining and kitchen zones.
Chef’s Kitchen
- Custom Cabinetry: Brand new, elegant, and functional storage solutions with a modern minimalist finish.
- Granite Countertops: Durable and stylish stone surfaces providing ample prep space for cooking and entertaining.
- Top-Tier Appliances: Equipped with a stainless steel gas range, dishwasher, refrigerator, and powerful range hood.
- Double Island Design: Open-concept layout allows for a breakfast bar or counter seating for casual dining and social gatherings.
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