This private, charming, turnkey investment, with current cap rate of 5.6% and annual NOI over $118,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private patios and outdoor space. These units were… Read More fully renovated with permits in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained but with upside potential if you add laundry to each unit. Permit history, general and sewer inspections, and rent rolls available for viewing. Recent termite clearance provided. Motivated seller. Read Less
Property listed by Sotheby's International Realty, Emily Johnson 323-665-1700
Listing Snapshot
Days Online
131
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,144
Lot Size
0.15 Acres
Year Built
1922
MLS Number
24433023
30 Days Snapshot Of 90026
$1,187k
0%
(avg) sold price
0
-100%
homes sold
55
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1922, Building area total: 3,144, Levels: One, Living area: 3144, 1 story, 7 buildings, Architectural style: Bungalow, Common walls: NoCommonWalls
Community
Gated
Cooling
None
Floors
Wood
Heating
ForcedAir
Income
Gross income: $235,221, Net operating income: $170,687
Interior Features
CeilingFans, CathedralCeilings
Lot
0.1548 acres, 6,744 square feet, Size: 6,744
Parking
None
Pool
Fenced
Property
Zoning: LAR2, Enclosed
Security Features
GatedCommunity
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
