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Additional details
$ 850,000
Est. payment | /mo
4,351 Sqft Lot
$ 850,000
Est. payment | /mo
4,351 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID MB26125180
HOA Y/N No
Year Built 1921
Lot Size 4,351 Sqft
Property Sub-Type Multi Family
Property Description
Echo Park Hillside Investment Opportunity with Significant Upside Potential 5 -unit multifamily property perched in the hills just off Sunset Blvd, in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.Featuring three 1-bedroom units and two studio units, offering a coin operated laundry facility , skyline views and surrounded by privacy and hillside charm ,this prooperty provides a living environment that is increasingly difficult to replicate.
A standout feature is properties 5 Detached garages 4 of which can be delivered VACANT ! Creating a unique opportunity to build an ADU(buyer to verify ) ADU websites for faster plan review and permit issuance in suplements (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of ex isting cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47. Properties will be delivered with tenant occupancy
Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.
A standout feature is properties 5 Detached garages 4 of which can be delivered VACANT ! Creating a unique opportunity to build an ADU(buyer to verify ) ADU websites for faster plan review and permit issuance in suplements (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of ex isting cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47. Properties will be delivered with tenant occupancy
Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Utilities Available See Remarks
Total Parking Spaces 5
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 5406018013
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by JOSEPHINE SAN LUCAS KELLER WILLIAMS LARCHMONT 562-843-8748, DRE #01308257
NEARBY SCHOOL & BUSINESS