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This private, charming, turnkey investment, with current cap rate of 5.6% and annual NOI over $118,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private patios and outdoor space. These units were fully renovated with permits in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained but with upside potential if you add laundry to each unit. Permit history, general and sewer inspections, and rent rolls available for viewing. Recent termite clearance provided. Motivated seller.
Last Updated | 9/9/2024 | Tract | Angelino Heights |
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Year Built | 1922 | Community | Silver Lake - Echo Park |
County | Los Angeles |
Additional Details
AIR | None |
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APPLIANCES | Dishwasher, Refrigerator |
AREA | Silver Lake - Echo Park |
GARAGE | None |
HEAT | Forced Air |
INTERIOR | Cathedral Ceiling(s), Ceiling Fan(s) |
LOT | 6744 sq ft |
PARKING | None |
POOL | Yes |
POOL DESCRIPTION | Fenced |
STORIES | 1 |
STYLE | Bungalow |
SUBDIVISION | Angelino Heights |
ZONING | LAR2 |
Location
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