This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don't miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles.
|
DAYS ON MARKET
|
7
|
LAST UPDATED
|
10/24/2024
|
|
YEAR BUILT
|
1936
|
COMMUNITY
|
Silver Lake - Echo Park
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
Silver Lake - Echo Park |
| BASEMENT |
Yes |
| GARAGE |
Driveway, Private, Shared Driveway, Uncovered |
| HEAT |
Wall Furnace |
| LOT |
4179 sq ft |
| LOT DESCRIPTION |
Back Yard, Rectangular Lot |
| PARKING |
Driveway,Private,Shared Driveway,Uncovered |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| ZONING |
LACW |
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Listed with Douglas Elliman
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 6:19 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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