A Rare Gem in Echo Park - Exceptional Investment Opportunity!Discover the hidden potential of this residential income opportunity, nestled in the heart of Echo Park. This property offers an extraordinary opportunity for astute investors or those seeking to transform a classic structure into something truly remarkable. With ample space, it presents the perfect canvas for modern updates and creative enhancements.Each one of the income properties boasts generous interiors with flexible layouts, inviting the possibility of contemporary redesigns tailored to meet today's living standards. From original finishes, this building is primed for those with a vision to bring it to its fullest potential.The property features a quaint outdoor space, ideal for creating a charming garden oasis or a welcoming communal area for future residents to enjoy. With strategic improvements, there is immense potential to increase rental income and significantly boost property value.Located in one of Echo Park's most dynamic and evolving neighborhoods, this investment opportunity is as much about lifestyle as it is about financial growth. The area's eclectic culture, burgeoning dining scene, and proximity to downtown LA make this building a standout choice for those looking to capitalize on its superb location.Seize the chance to turn this diamond in the rough into a polished gem - the possibilities are endless.
|
DAYS ON MARKET
|
32
|
LAST UPDATED
|
9/29/2024
|
|
TRACT
|
Not Applicable
|
YEAR BUILT
|
1906
|
|
COMMUNITY
|
Silver Lake - Echo Park
|
GARAGE SPACES
|
3.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Free-Standing Range, Gas Range, Range Hood, Tankless Water Heater |
| AREA |
Silver Lake - Echo Park |
| EXTERIOR |
Balcony |
| FIREPLACE |
Yes |
| GARAGE |
Door-Multi, Door-Single, Garage, Yes |
| HEAT |
Floor Furnace |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Down, All Bedrooms Up, Balcony, Beamed Ceilings, Coffered Ceiling(s), High Ceilings |
| LOT |
5606 sq ft |
| LOT DESCRIPTION |
Sprinklers None |
| PARKING |
Door-Multi,Door-Single,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Craftsman |
| SUBDIVISION |
Not Applicable |
| VIEW |
Yes |
| WATER |
Public |
| ZONING |
LARD2 |
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Listed with Sotheby's International Realty
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 8:34 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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