Exceptional opportunity to purchase a fully occupied five-unit apartment complex comprised of 600 sqft 1 bed 1 bath units in the heart of Echo Park, one of Los Angeles' most vibrant and rapidly evolving neighborhoods. This well-maintained property offers investors peace of mind from day one. Situated on 5,200 sqft… Read More lot, the property presents significant long-term development potential. Whether you hold for income or reposition for future value, this asset combines both stability and upside. Located just minutes from Sunset Boulevard, DTLA, and Silver Lake, the property enjoys strong rental demand and an unbeatable urban lifestyle appeal. This is a rare chance to secure a cash-flowing asset in a premier location with future development possibilities. Ideal for seasoned investors and those looking to enter the multifamily market. Read Less
Property listed by Berkshire Hathaway HomeServices California Properties, Corey Weiss 310-777-7800
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,208
Lot Size
0.12 Acres
Year Built
1914
MLS Number
25578833
30 Days Snapshot Of 90026
$1.39M
-21%
(avg) sold price
23
+27%
homes sold
61
+19%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1914, Building area total: 2,208, Levels: One, Living area: 2208, 1 story, 3 buildings, Architectural style: Bungalow
Cooling
WallWindowUnits
Expenses
Insurance expense: $1,780, Maintenance expense: $16,354, New taxes expense: $7,176
Heating
NaturalGas
Income
Gross income: $84,000, Net operating income: $40,511
Lot
0.1176 acres, 5,121 square feet, Size: 5,121
Parking
2 totals parking, Carport
Property
Zoning: LACW
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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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