Echo Park, CA 90026,263 Union PL

$410,000

$375,000

9.3%
Est.Price: ?

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Est. payment /mo

7 Beds

5 Baths

2,478 SqFt


SOLD DATE : 01/22/2014

Key Details

Sold Price $410,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 2,478 sqft

Price per Sqft $165

MLS Listing ID SR13245230

Sold Date 01/22/14

Bedrooms 7

Three Quarter Bath 5

HOA Y/N No

Year Built 1908

Lot Size 6,490 Sqft

Property Description

The 2-4 Unit Specialists are pleased to offer for sale the fee-simple interest in 263 Union Pl, a single family residence with three additional bonus units.

For those of you in search of a home, 263 Union Pl has preserved the original front house, providing the ideal set up– live in the front and collect ample rent to pay off the property.

For investors, this is your opportunity to acquire a property with an astronomical 14.61% return. This property is truly a cash cow.

In addition to its exceptional return, 263 Union Pl is located blocks from prime Downtown Los Angeles and minutes from the popular Echo Park and Silver Lake “hipster” scene. This area is gentrifying more and more by the day, causing ever-increasing rents and a wave of quality tenants in search of housing nearby so many popular destinations. This property is ideal for buyers looking to enter a market that is poised for growth similar to what took place in Silver Lake.

263 Union Pl is made up of a 3 bed, 2 bath main house, a 2 bedroom, 1 bath unit, and two fully renovated 1 bedroom, 1 bath units. Both of the 1 bedroom, 1 bath units have been recently remodeled and are in excellent condition.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Assigned

Carport Spaces 3

Pool None

Community Features Curbs, Sidewalks

Utilities Available Sewer Available

View Y/N Yes

View City Lights

Parking Type Assigned

Total Parking Spaces 5

Private Pool No

Building

Lot Description Back Yard

Story 2

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 5153010018

Acceptable Financing Submit

Listing Terms Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Moran • Exclusive Estate Properties In
Bought with Michael Moran • Exclusive Estate Properties In
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