Property Details
Year Built: 1927
Units: 20
Price / Unit: $145,000
Price / SqFt: $305.26
CAP: 4.61%
GRM: 13.04
Executive Summary
- Proven Rental Upside Potential – Over Forty Percent (40%) – With Continued Unit Turnover and Renovations
- Desirable Echo Park Location Walking Distance to Trendy Sunset Boulevard’s Newest Eateries, Craft Bars, and Specialty Shops
- Immense Influx of Gentrification With Major Development Projects in the Immediate Area
- Over Half of the Units Renovated Featuring Modern Finishes and Fixtures
- Separately Metered for Gas and Electric
- On-Site Laundry Facilities – Two (2) Washers and Two (2) Dryers – Providing Extra Monthly Income
- Well-Maintained Building with Minimal Deferred Maintenance
- Secure Entry With Security Cameras Throughout
