Thank you
Alan Lu
ALTC Realty
626-378-8007
Presenting an amazing opportunity to purchase a turn key coliving or short term rental property featuring twenty seven bedrooms in the highly desirable area of Echo Park. This new construction project consists of a brand new four unit apartment building with five bedrooms and three and a half baths each in addition to a completely remodeled unit in the rear that has its own seven bedrooms. A semi below grade garage level also offers ample storage and the option for additional income from parking. Designed with efficiency and comfort in mind, each unit maximizes space and livability while also taking into account operator logistics such as cleaning closets, IT, and ample storage. Tenants will enjoy floor to ceiling windows, plenty of natural light, and modern curated finishes. Half of the units have access to a common area roof deck with sweeping views from DTLA to Hollywood, and amenities abound nearby. Dodgers Stadium is within walking distance, and coffee shops as well as the most popular restaurants are all within reach. Situated right in the midst of this thriving locale with an exceptionally strong rental market, do not miss this chance to purchase a turnkey building ready to generate income on day one.
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Water Source : Public
Sewer : Public Sewer
Interior Features: High Ceilings,Open Floorplan
Property Appliances: Gas Range,Dryer,Washer
Fireplace: None
Flooring: Laminate
Central Air
Air Conditioning
Central
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 2024
Building Area Total: 8,864
Parking
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2276
Lot Size Source: Assessor
Lot Size Square Feet: 9916
Original List Price: 4,500,000
Listing Contract Date: 2023-12-12
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5406015041
Garage Description: Garage
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C21 - Silver Lake - Echo Park
Postal Code Plus 4: 4417
Directions: Cross St. Sunset Blvd
Zoning: LAR3
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Property SubType: Apartment
Property Age: 0
Common Walls: 1 Common Wall
Structure Type: Apartment
Year Built Source: Builder
Entry Level: 2
Entry Location: 2
Property Attached: Yes
Levels or Stories: Three Or More
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2140 Lemoyne Street, Los Angeles, CA,90026 | $3,200,000 | 3 | -- | -- | 7505 Sqft |
802 N Dillon Street, Los Angeles, CA,90026 | $1,450,000 | 6 | -- | 2,288 | 3828 Sqft |
1321 Laveta Terrace, Los Angeles, CA,90026 | $439,000 | -- | -- | -- | 5257 Sqft |
1427 Laveta, Los Angeles, CA,90026 | $1,990,000 | -- | -- | 1 | 10262 Sqft |
1804 Echo Park Avenue, Los Angeles, CA,90026 | $1,310,000 | 5 | -- | 2,319 | 5357 Sqft |
1804 Echo Park Avenue, Los Angeles, CA,90026 | $1,390,000 | 5 | -- | 2,319 | 5357 Sqft |
1600 W Court Street, Los Angeles, CA,90026 | $995,000 | 4 | 2 | 1,762 | 3387 Sqft |
1120 Logan Street, Los Angeles, CA,90026 | $1,995,000 | 10 | -- | 4,912 | 6269 Sqft |
1615 Park Avenue, Los Angeles, CA,90026 | $7,000,000 | 27 | -- | 13,260 | 8513 Sqft |
907 Glendale Boulevard, Los Angeles, CA,90026 | $2,575,000 | 4 | -- | 4,312 | 7500 Sqft |
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ByOwner last updated this listing 05/12/2024 @ 09:27
MLS: AR23225195
LISTED BY: Alan Lu, ALTC Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.