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Andres Diaz
Keller Williams Downtown LA
213-797-7000
Highly sought after bungalow structures located directly across Echo Park Lake. The opportunity consists of five (5) structures for ten units including six (6) studio units and four (4) one-bedroom units. There is approximately thirty-eight (38%) percent rental upside that can be achieved through unit turnover. In addition, there are four (4) single car garages allocated to the one-bedroom units. More importantly, there is assumable financing at a fixed rate of 3.66% till 2032 which is extremely attractive relative to today's capital markets.
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Total Bedrooms : 4
Total Baths: 10
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1923
Building Area Total: 4,312
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1722
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7500
Original List Price: 2,575,000
Listing Contract Date: 2023-07-19
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5404005006
Garage Description: Assigned
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C21 - Silver Lake - Echo Park
Postal Code Plus 4: 4108
Directions: south of Sunset Boulevard, across Echo Park Lake.
Zoning: LARD2
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Property Age: 101
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4312
Levels or Stories: One
Building Total Stories: 1
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 | $449,000 | -- | -- | -- | 5257 Sqft |
1427 Laveta, Los Angeles, CA,90026 | $1,990,000 | -- | -- | 1 | 10262 Sqft |
2252 Aaron Street, Los Angeles, CA,90026 | $950,000 | -- | -- | -- | 7121 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 |
1622 Ewing Street, Los Angeles, CA,90026 | $2,425,000 | 3 | -- | 2,296 | 2612 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 23:13
MLS: 23292227
LISTED BY: Andres Diaz, Keller Williams Downtown LA
SOURCE: CRMLS
Buyer Agency Compensation: 2%
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.