Overview
- Multifamily
- Property Type
- 5
- Number of Units
- 4.70
- Cap Rate
- 15.78
- GRM
- $290,000
- Price/Unit
Description
Echo Park Apartments are 5 bungalow style buildings with full upgrades and state of the art appliances, finishes, fixtures and tankless water heaters having been completely remodeled.
Echo Park is one of the hottest rental markets in Los Angeles along with neighboring Silver Lake. The property sits on a terraced lot with views of the hills of Echo Park and Silver Lake, both extremely tight rental markets with low vacancy and rising rents, due to its historical vibe and location and proximity to Hollywood and Downtown L. A. Amenities include microwaves, dishwashers, granite counters, refrigerators, new tile floors and bathrooms, immense old world charm, hardwood floors and private yards off each unit.
The property has new electrical and new plumbing. The property lies north of Sunset Blvd, a stone’s throw from cafes, restaurants, grocery stores, dry cleaning, and the fantastically refurbished Echo Park Lake.
Details
- Property Type: Multifamily
- Property Status: Sold
- Property Size: 2,068 Sq Ft
- Lot Size: 5,628 Sq Ft
- Bedrooms: 6
- Bathrooms: 5
- Year Built: 1926
- Price: $1,450,000
- Number of Units: 5
- Price/Unit: $290,000
- GRM: 15.78
- Price/SqFt: $701
- CAP: 4.70
Address
Open on Google Maps- Address 1524 Echo Park Ave
- City Los Angeles
- State/county California
- Zip/Postal Code 90026
- Area Echo Park
