Thank you
Alan Lu
ALTC Realty
626-378-8007
Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1053934181 | 0 | 3 | 0 | 0 |
2 | 1053934181 | 0 | 3 | 0 | 0 |
Water Source : Public
Sewer : Public Sewer
Interior Features: Bedroom on Main Level,Main Level Primary
Fireplace: None
Flooring: Concrete,Laminate
Central Air
Air Conditioning
Central
Has Heating
Green Energy: Appliances,Thermostat,Water Heater
Fireplace Features: None
Has Fireplace: 0
Year Built: 2021
Building Area Total: 2,248
None
Inside,Outside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1698
Lot Size Source: Assessor
Lot Size Square Feet: 7397
Original List Price: 1,800,000
Listing Contract Date: 2023-12-27
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5423006013
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C21 - Silver Lake - Echo Park
Postal Code Plus 4: 1732
Directions: Cross St Alvarado
Zoning: LAR2
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Property SubType: Duplex
Property Age: 3
Common Walls: No Common Walls
Structure Type: Duplex
Year Built Source: Builder
Entry Level: 1
Entry Location: 1
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 | $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 |
1622 Ewing Street, Los Angeles, CA,90026 | $2,425,000 | 3 | -- | 2,296 | 2612 Sqft |
1615 Park Avenue, Los Angeles, CA,90026 | $7,000,000 | 27 | -- | 13,260 | 8513 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 04:39
MLS: AR23230449
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.