THREE OF THE FOUR UNITS ARE DELIVERED VACANT! Nestled in one of the most desirable neighborhoods of Echo Park, this four-unit building offers a fantastic investment opportunity with incredible potential. A stone's throw from the famous Silver Lake steps, Echo Park Lake and Dodger stadium as well as top-rated schools,… Read More trendy shops, popular restaurants, coffee houses, and vibrant nightlife. This property is perfectly situated to attract tenants who value convenience and community. The building consists of three spacious 2-bedroom units and one 1-bedroom unit, providing a mix of options for a variety of tenants. Three of the units will be delivered vacant, allowing for immediate updates and the flexibility to set your ideal rents. While the property would benefit from some updating, it boasts solid bones and a location that can't be beat.With its prime location and a little vision, this property is ready to be transformed into a high-demand rental or long-term hold. This prime location offers easy access to vibrant local amenities and transportation options including the 2, 101, 5, 110 freeways. *Adjacent duplex, 1517 Baxter St., can be purchased with this property. Read Less
Property listed by The Collective Realty, Will Tiao 310-569-1335
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,258
Lot Size
0.16 Acres
Year Built
1922
MLS Number
24462265
30 Days Snapshot Of 90026
$1,175k
-11%
(avg) sold price
17
+21%
homes sold
82
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1922, Building area total: 3,258, Levels: Two, Living area: 3258, 2 stories, 2 buildings
Cooling
None
Expenses
New taxes expense: $21,875
Income
Gross income: $135,600, Net operating income: $108,480
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.
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