Overview
- Multifamily
- Property Type
- 5
- Number of Units
- 4.88
- Cap Rate
- 15.68
- GRM
- $550,000
- Price/Unit
Description
Investor dream property in the heart of hot & hip Echo Park!
This beautifully renovated 5 unit complex consists of a 4-plex and guest house and has a great unit mix of two 3BRs, two 2BRs, & one 1BR detached house. It has been completely renovated down to the studs: new hardwood laminate floors, windows, electrical wiring, new plumbing, A/C heat mini splits, tankless water heaters, retrofitted foundation, new appliances including washer/dryer, dishwasher, refrigerator, oven/stove range & microwave. Drought tolerant garden & new wood fence. No detail has been overlooked.
Gated remote control parking with 7 spots – 1 for each unit and a couple for extra income. Building is on RUBS so tenants pay shared utilities including water, sewer & trash. Centrally located just 1/4 mile to all the Echo Park hot spots on Sunset Blvd & blocks from Elysian Park & Echo Park Lake!
Perfect for owner/user or 1031 downleg exchange. Cash cow with low maintenance!
Details
- Property Type: Multifamily
- Property Status: Sold
- Property Size: 3,304 Sq Ft
- Lot Size: 7,492 Sq Ft
- Bedrooms: 11
- Bathrooms: 5
- Year Built: 1921
- Price: $2,750,000
- Number of Units: 5
- Price/Unit: $550,000
- GRM: 15.68
- Price/SqFt: $832
- CAP: 4.88
Address
Open on Google Maps- Address 1441 Echo Park Ave
- City Los Angeles
- State/county California
- Zip/Postal Code 90026
- Area Echo Park
