We are pleased to present a six (6) unit offering spread across two (2) buildings in the same lot, located at 1334 Lake Shore Avenue in Los Angeles, California. The subject property is situated in a prime Echo Park location, north of Sunset Boulevard and east of North Alvarado Street. Echo Park is a diverse and eclectic area, attracting strong development and new residents every year. Echo Park is a rapidly changing rental market that is adjacent to East Hollywood and Downtown Los Angeles. Echo Park has been subject to an invigorate stream of new housing development, community re-positing, and an increased demand of living in the area. Anchored by an eponymous lake dotted with swan boats and lotus flowers, and wrapped around Los Angeles's second-largest park, the Echo Park neighborhood is also a nature-lovers refuge in the heart of the city. Sunset Boulevard is the main thoroughfare and commercial artery that runs through the neighborhood, where along the boulevard and side streets you'll find local favorites such as the Andante Coffee Shops, Mohawk Bend, and countless nightlife entertainment including the Short Stop and Sunset Lounge. Locals and visitors alike enjoy paddle-boating around the lake and watching the world-famous Los Angeles Dodgers play at Dodger Stadium. Over the last decade, Echo Park has been transforming into a proud revitalizing landmark within the City of Los Angeles. Completely rebuilt in 2003, this rare offering contains two detached apartment buildings, a fourplex that consists of four (4) one bedroom / one bathroom units, and a duplex consisting of two (2) two bedroom / one bathroom townhouse units. All of the units have a ton of character and are remodeled with Spanish style charm. These units include a dining room, a non-wood burning fireplace with Batchelder tiles, security gates, two (2) large walk-in closets (one with windows), a side-yard with a garden, and garage parking with garage door openers. The duplex roof was recently replaced in 2020. The fourplex units feature a recently installed metal rear staircase, built-in cabinets in the dining rooms, white decorative wrought iron across the windows, white wrought iron fencing with security gates, and a sprinkler system. The roof was replaced in 2003 as well. All units across both buildings feature oak floors throughout, nine (9) foot coved ceilings with picture molding, French windows, dining rooms, oversized closets that may be used as office space (also called cloffice), and a center courtyard with patio seating and barbeque. Tenants will enjoy the wide array of appliances such as wall heaters, dishwashers, stoves, garbage disposals, multiple A/C units, a washer and dryer, copper plumbing (installed in 2003), all new electrical (installed in 2003), and earthquake bracing. Positioned in a prime Echo Park Location ,this offering presents an excellent opportunity to acquire a rare, Spanish style fully renovated asset with remaining rental upside.
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