Thank you
Elizabeth Ramirez
Bricxone Realty, Inc.
714-261-3236
Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.
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Water Source : Public
Sewer : Public Sewer
Fireplace: Kitchen
Flooring: Laminate,Tile
Wall/Window Unit(s)
Air Conditioning
Ductless
Has Heating
Fireplace Features: Kitchen
Has Fireplace: 1
Year Built: 1914
Building Area Total: 4,150
Raised
Carbon Monoxide Detector(s),Smoke Detector(s)
None
Inside
Vinyl,Wood
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1158
Lot Size Source: Assessor
Lot Size Square Feet: 5044
Original List Price: 2,499,000
Listing Contract Date: 2024-04-22
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5156003022
Lease Term: Negotiable
Tenant Pays: None
Source Listing Status: Active
Source Neighborhood: C21 - Silver Lake - Echo Park
Postal Code Plus 4: 3628
Directions: Property is off of Temple and Council
Zoning: LAR3
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Property SubType: Apartment
Property Age: 110
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
101 S Mariposa, Los Angeles, CA,90004 | $2,100,000 | 4 | 2 | 1,890 | 4796 Sqft |
161 S St Andrews Place, Los Angeles, CA,90004 | $4,550,000 | 21 | -- | 15,606 | 8490 Sqft |
641 N Hobart Boulevard, Los Angeles, CA,90004 | $7,550,000 | 18 | -- | 16,035 | 7506 Sqft |
4572 Rosewood Avenue, Los Angeles, CA,90004 | $1,295,000 | 4 | -- | 2,114 | 4994 Sqft |
543 N Heliotrope Drive, Los Angeles, CA,90004 | $2,150,000 | 10 | 5 | 4,808 | 8000 Sqft |
246 N Catalina Street #4, Los Angeles, CA,90004 | $2,500 | 1 | 1 | 690 | 7779 Sqft |
251 N Kenmore Avenue, Los Angeles, CA,90004 | $2,295,000 | 12 | -- | 6,852 | 7632 Sqft |
501 N Gower Street, Los Angeles, CA,90004 | $1,995,000 | 3 | 3 | 1,803 | 5577 Sqft |
4835 Elmwood Avenue #4835, Los Angeles, CA,90004 | $4,100,000 | 17 | -- | 6,870 | 7248 Sqft |
126 N Kingsley Drive, Los Angeles, CA,90004 | $1,950,000 | 5 | -- | 2,202 | 6171 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 06:31
MLS: PW24067859
LISTED BY: Elizabeth Ramirez, Bricxone Realty, Inc.
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.