$1,300,000
$1,299,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
4 Baths
1,520 SqFt
SOLD DATE : 03/12/2024
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,520 sqft
Price per Sqft $855
MLS Listing ID 24342653
Sold Date 03/12/24
Bedrooms 2
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1925
Lot Size 4,033 Sqft
Property Description
Echo Park Four Units With Consistent Market Rent Income! 5.5 Cap Rate on Current Rents. High Demand Studios and One Bedrooms with views from the Upper units. Two duplexes on one lot perched off the street, offering privacy for its tenants. Each unit has its own private outdoor space. Remodeled kitchens and baths with updated plumbing, hardwood floors and modern countertops. Great first time investment property or 1031 exchange upleg for the seasoned investor, seeking a good return on investment. Great location with all that Echo Park has to offer. Laundry on Premises. Apartments are unfurnished and furnished photos shown in listing are archival. Interior inspection of units with accepted offer. Top one bedroom unit (with City and Hollywood Sign Views) will be vacant at COE Please do not disturb tenants or walk on property.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Refrigerator
Laundry Common Area
Exterior
Garage None
Pool None
Amenities Available Controlled Access
View Y/N Yes
View City Lights, Lake
Accessibility None
Parking Type None
Private Pool No
Building
Story 2
Entry Level Two
Foundation Quake Bracing, Raised
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5404022023
Security Features Key Card Entry,Smoke Detector(s)
Financing Cash
Special Listing Condition Standard
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