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- MLS#AR21058562
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaSilver Lake
- Zip90026
- StyleModern
- Price$ 1,718,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Alan Lu with ALTC Realty.
Data Source:
CRMLS
Property Description
Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.
Price History | |
---|---|
3/22/2021 | Listed $1,718,000 |
General Features
Architectural Style | Modern |
---|---|
Community Features | Urban |
Cooling | Central Air |
Energy Efficient | Appliances, Thermostat, Water Heater |
Flooring | Concrete, Laminate |
Heating | Central |
Interior Features | Bedroom on Main Level, Main Level Master |
Levels | One |
MLS Area | 671 - Silver Lake |
Open Parking Spaces | 4 |
Parking Features | Assigned |
Pool Features | None |
Property Type | Residential Income |
Rooms | MasterOnMain, Master Bedroom |
Sewer | Public Sewer |
Spa Features | None |
Terms | Cash, Cash to New Loan, 1031 Exchange |
Total Actual Rent | 3300 |
Total Units | 2 |
Utilities | Sewer Connected |
View | City Lights |
Zoning | LAR2 |
Interior Features
Air Conditioning Y/N | Yes |
---|---|
Common Walls | No Common Walls |
Fireplace Features | None |
Heating Y/N | Yes |
Laundry Features | Inside, Outside |
Exterior Features
Lot Features | 0-1 Unit/Acre |
---|---|
Lot Size Acres | 0.17 |
Lot Size Area | 7397 |
Lot Size Source | Assessor |
Lot Size Square Feet | 7397 |
Lot Size Units | Square Feet |
Number of Buildings | 2 |
Number of Separate Electric Meters | 2 |
Number of Separate Gas Meters | 2 |
Number of Separate Water Meters | 2 |
Total Parking | 4 |
View Y/N | Yes |
Water Source | Public |
Room Details
Room | Dimensions | Level | Flooring | Details |
---|---|---|---|---|
Master Bedroom |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool