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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,499,000

Est. payment - /mo

5,044 Sqft Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24067859

HOA Y/N No

Year Built 1914

Lot Size 5,044 Sqft

Property Sub-Type Apartment

Property Description

Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR3

Interior

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type Kitchen

Fireplace Yes

Laundry Inside

Exterior

Garage Spaces 3.0

Garage Description 3.0

Fence Vinyl, Wood

Pool None

Community Features Curbs, Street Lights

View Y/N Yes

View City Lights

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5156003022

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 1200.0

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

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Listed by Elizabeth Ramirez • Bricxone Realty, Inc.

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220 N Hoover ST Los Angeles, CA 90004