Property Details

Year Built: 1924
Units: 4
Price / Unit: $213,750
Price / SqFt: $203.57
CAP: 4.37%
GRM: 15.22

Executive Summary

  • Property Currently in REAP with Low Severity Level Violations Due to Plumbing Sealants and Fixtures, Lighting Fixture and Wall/Floor/Ceiling Maintenance Issues
  • Significant Rental Upside – Potential of Over Fifty Percent
  • True Value-Add Opportunity – One Unit to Be Delivered Vacant Upon the Close of Escrow
  • Echo Park/Westlake Neighborhood Location with Massive Development and Gentrification in the Immediate Area
  • Participated in Lead Hazard Remediation Program (LHRP) and Certified by County of Los Angeles that All Units Have Been Mitigated for Any Lead Risks
  • Recent Upgrades Include All New Windows, New Roof, New Gutters, New Concrete Driveway and New Sewer Main Line
  • Separately Metered for Gas and Electric
  • Five On-Site, Gated Parking Spaces

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