This private, charming, turnkey investment, with current cap rate of 5.6% and annual NOI over $118,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private patios and outdoor space. These units were… Read More fully renovated with permits in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained but with upside potential if you add laundry to each unit. Permit history, general and sewer inspections, and rent rolls available for viewing. Recent termite clearance provided. Motivated seller. Read Less
Courtesy of Sotheby's International Realty 323-665-1700
Listing Snapshot
Days Online
121
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,144
Lot Size
0.15 Acres
Year Built
1922
MLS Number
24-433023
30 Days Snapshot Of 90026
$1,569k
+21%
(avg) sold price
7
-30%
homes sold
63
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Ceiling Fan, Refrigerator, Range/Oven
Building
3,144 sq ft, Built in 1922, Levels: One, Detached/No Common Walls, Bungalow
Cooling
None
Disclosures
None
Exterior Features
Enclosed
Floors
Hardwood
Garage
None
Heating
Forced Air
Interior Features
Cathedral-Vaulted Ceilings
Laundry
Laundry Area
Lot
LotAcreage: 0.1548, LotSizeArea: 6,744
Parking
TotalParking: 0
Pool
PoolYN: True, Fenced
Property
NumberOfUnits: 7, Zoning: LAR2, High Ceilings (9 Feet+)
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