A Rare Gem in Echo Park - Exceptional Investment Opportunity!Discover the hidden potential of this residential income opportunity, nestled in the heart of Echo Park. This property offers an extraordinary opportunity for astute investors or those seeking to transform a classic structure into something truly remarkable. With ample space, it presents the perfect canvas for modern updates and creative enhancements.Each one of the income properties boasts generous interiors with flexible layouts, inviting the possibility of contemporary redesigns tailored to meet today's living standards. From original finishes, this building is primed for those with a vision to bring it to its fullest potential.The property features a quaint outdoor space, ideal for creating a charming garden oasis or a welcoming communal area for future residents to enjoy. With strategic improvements, there is immense potential to increase rental income and significantly boost property value.Located in one of Echo Park's most dynamic and evolving neighborhoods, this investment opportunity is as much about lifestyle as it is about financial growth. The area's eclectic culture, burgeoning dining scene, and proximity to downtown LA make this building a standout choice for those looking to capitalize on its superb location.Seize the chance to turn this diamond in the rough into a polished gem - the possibilities are endless.
Sold for $830,000
Zillow last checked:
Listing updated:
Bought with:
Grace Lindgren, DRE #01379316
Sotheby's International Realty
Source: CRMLS,MLS#: V1-25982
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2025 | Sold | $830,000-30.8%$341/sqft |
Source:  CRMLS #V1-25982 Report a problem | ||
| 1/7/2025 | Contingent | $1,199,000$493/sqft |
Source: CRMLS #V1-25982 Report a problem | ||
| 12/3/2024 | Price change | $1,199,000-7.7%$493/sqft |
Source: CRMLS #V1-25982 Report a problem | ||
| 9/30/2024 | Listed for sale | $1,299,000+30.6%$534/sqft |
Source: CRMLS #V1-25982 Report a problem | ||
| 8/30/2024 | Listing removed | $995,000$409/sqft |
Source:  CLAW #24-425527 Report a problem | ||
| 8/16/2024 | Listed for sale | $995,000$409/sqft |
Source: CLAW #24-425527 Report a problem | ||
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Estimated market value
$1,273,500
