Location Location Location Echo Park Neighborhood.
This unique multi-family 4-unit property is ideally situated near Downtown Los Angeles, Chinatown, Silver Lake and Dodger Stadium. It offers excellent connectivity with convenient access to the #2, #5, #10, #101, and #110 freeways, the Gold Line, and multiple bus routes.
Unit Details: Each unit featuring 1 bedroom, 1 full bath, a dining area, living room, kitchen, laundry room, and detached 1-car garage. Amenities: Spacious floor plans, individual water heaters, and separate gas and electricity meters for each unit.
Occupancy:
3 out of 4 units are occupied by long-term tenants on month-to-month leases.
1 unit is move-in ready with new paint, new lights, and nice wood flooring, perfect for owner occupancy or immediate rental.
Investment Opportunity: Current rents of 3 units are below market value due to unadjusted rents, presenting a significant upside potential for market rental incomes.
This property offers a superb opportunity for investors or owner-occupants to capitalize on the rental market while enjoying a prime location in vibrant LA.