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2436 Echo Park Avenue

Los Angeles (City), CA 90026
  • $3,250,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 22184337
UPDATED: 169 min ago
$3,250,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Colt Maloney of Figure 8 Realty (213-537-0114) and Edward Faktorovich of Figure 8 Realty(213-537-0114)


Description

Welcome to 2436 Echo Park Ave, a classic Eastside legacy complex. The fully occupied 8-unit property consists of two separate structures on a large street to street lot with stunning views from all units. 6 of the 8 units have undergone thoughtful renovations and the premises is beautifully landscaped. RTI plans are in the final stages of approval for an additional ADU. There are six on-site parking spaces, multiple units with private outdoor hang zones and additional storage throughout. Currently listed at a 4.7 CAP Rate on day one with additional 45% upside in rents. Situated in the heart of Echo Park, near all your favorite eateries and local hotspots. This heirloom property will be one to enjoy long term in the portfolio. A Must See.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131434695
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2436 Echo Park Avenue Los Angeles (City), CA 90026

  • Price: $3,250,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 169 min ago
  • ID#: 22184337
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1930
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
Welcome to 2436 Echo Park Ave, a classic Eastside legacy complex. The fully occupied 8-unit property consists of two separate structures on a large street to street lot with stunning views from all units. 6 of the 8 units have undergone thoughtful renovations and the premises is beautifully landscaped. RTI plans are in the final stages of approval for an additional ADU. There are six on-site parking spaces, multiple units with private outdoor hang zones and additional storage throughout. Currently listed at a 4.7 CAP Rate on day one with additional 45% upside in rents. Situated in the heart of Echo Park, near all your favorite eateries and local hotspots. This heirloom property will be one to enjoy long term in the portfolio. A Must See.
Exterior Features

Parking Total 6

Interior Features

Appliances RefrigeratorDryerWasher

Property Features

Association Fee 0 Gross Income 225488 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 152280 New Construction YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 224364 Vacancy Allowance Rate 0 Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Colt Maloney of Figure 8 Realty (213-537-0114) and Edward Faktorovich of Figure 8 Realty(213-537-0114)