• 4,876 sq.ft.
  • 7,493 sq.ft. lot
offered at $1,599,000
Status: Active // Property Type:
County: Los Angeles // Year Built: 1912

Property Description

This 5 unit apartment building is an Investor's dream and best priced residential income opportunity. It's perfect for owner-user/live-in the detached single family home with 3 bedrooms, 2 baths, then rent the other 4 units to help with the mortgage. The main 2-story building has 2 units on the second floor are 2 bedroom, 1 bath each and 2 units on the first floor are 1 bedroom and one 1 bedroom. Echo Park has been called the trendiest neighborhood in Los Angeles, and Angelino Heights is an architectural jewel within this area. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails, Downtown and Hollywood. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Any savvy investor looking for an excellent first time buy, owner/user opportunity, or a bite-sized value-add asset in one of Los Angeles' hottest rental markets, will be able to capitalize on the huge rental upside potential of this property. Below market value and market rents give buyer tremendous upside potential for equity and income growth!! 931 Everett St, a performing 5-unit sold for $2.1M and 1139 Bellevue Ave, sold for $2.0M.

Listing Courtesy of Hanson Nghiem, Royal Pacific Realty

Exterior Features

Exterior Features: Urban
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of July 7, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.