This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and… Read More is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don't miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles. Read Less
Property listed by Douglas Elliman, Adam Armienta 310-595-3888
Listing Snapshot
Days Online
36
Last Updated
Property Type
Other
Beds
2
Square Ft.
1,058
Lot Size
0.1 Acres
Year Built
1936
MLS Number
24456443
30 Days Snapshot Of 90026
$1,165k
-11%
(avg) sold price
19
+35%
homes sold
81
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1936, Building area total: 1,058, Levels: One, Living area: 1058, 1 story, 2 buildings, Common walls: NoCommonWalls
Community
Gated
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $21,000, Net operating income: $21,000
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.
