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$2,100,000
Est. payment /mo
7 Beds
7 Baths
3,144 SqFt
UPDATED:
12/05/2024 02:09 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,144 sqft
Price per Sqft $667
Subdivision Angelino Heights
MLS Listing ID 24433023
Bedrooms 7
HOA Y/N No
Year Built 1922
Lot Size 6,743 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR2
Interior
Interior Features Ceiling Fan(s), Cathedral Ceiling(s)
Heating Forced Air
Cooling None
Flooring Wood
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Parking Features None
Pool Fenced
Community Features Gated
Porch Enclosed
Building
Story 1
Entry Level One
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5405013019
Security Features Gated Community
Special Listing Condition Standard
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Listed by Emily Johnson • Sotheby's International Realty