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

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