Echo Park Hillside Investment Opportunity with Significant Upside Potential 5 -unit multifamily property perched in the hills just off Sunset Blvd, in one of Los Angeles’ most dynamic and rapidly evolving neighborhoods.Featuring three 1-bedroom units and two studio units, offering a coin operated laundry facility , skyline views and surrounded by privacy and hillside charm ,this prooperty provides a living environment that is increasingly difficult to replicate.
A standout feature is properties 5 Detached garages 4 of which can be delivered VACANT ! Creating a unique opportunity to build an ADU(buyer to verify ) ADU websites for faster plan review and permit issuance in suplements (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of ex isting cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47. Properties will be delivered with tenant occupancy
Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.
232 days
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175
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5
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Zillow last checked:
Listing updated:
Listed by:
JOSEPHINE SAN LUCASDRE #01308257562-843-8748,
KELLER WILLIAMS LARCHMONT
Source: CRMLS,MLS#: MB26111563Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 5
Cooling
Wall/Window Unit(s)
Appliances
Laundry: None
Features
Flooring: Laminate
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall
Interior area
Total structure area: 2,574
Total interior livable area: 2,574 sqft
Property
Parking
Total spaces: 5
Parking features: On Site, Off Street, See Remarks
Features
Levels: One
Stories: 1
Entry location: 1
Pool features: None
Spa features: None
Has view: Yes
View description: City Lights, Hills, Landmark, Panoramic