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In-PersonVirtual Tour
$599,000
Est. payment /mo
5,902 Sqft Lot
Open House
Tue Oct 06, 11:00am - 1:00pm
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26216920
HOA Y/N No
Year Built 1910
Lot Size 5,902 Sqft
Property Sub-Type Triplex
Property Description
Rare opportunity in the heart of Echo Park. Situated on an approximately 5,906 SF lot, this 3-unit property offers existing rental income alongside compelling long-term upside in one of Los Angeles' most sought-after neighborhoods. Zoned [Q]C2-1VL, the property presents an intriguing opportunity for investors and developers to explore future redevelopment or additional density, subject to independent verification. Just two doors from a recently constructed four-story multifamily project- consisting of 13 units, demonstrating substantial multifamily development activity along this stretch of Echo Park Avenue. Ideally positioned near Downtown Los Angeles, Dodger Stadium, Elysian Park, neighborhood cafés, restaurants, hiking trails and the best of Echo Park, the property combines location, income and potential at an attractive entry point. Buy, hold, collect rents and explore the possibilities of a generational investment.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Mountainous
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5420022025
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Maxim Sidelnik The Agency 818-212-9863, DRE #02109488
Nearby Locations
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