Property listed by Total Commercial, Inc., Sang (Brian) Ji 213-387-3456
$2,190,000
We have just reduced the price for a quick sale. MOTIVATED SELLER - Quick Close Incentive may be available. BUILT IN 2019 NO RENT CONTROL 5.2% CAP RATE 14.4 GRM TOWNHOME STYLE UNITS WITH PRIVATE LAUNDRY. We are proud to present this modern 4-plex investment property… Read More at 125 N Mountain View Ave in Echo Park, located near Silver Lake, Koreatown, Westlake, and just minutes from Downtown LA. PRIME LOCATION just south of the 101 Freeway surrounded by new multifamily developments, coffee shops and restaurants. GREEN CERTIFIED (T-24) for energy efficiency and designed for low-maintenance ownership. SPACIOUS LIVING with only one common wall per unit, in-unit laundry, and secure gated parking. TENANTS PAY FOR THEIR OWN WATER HEATER, HEATING, AND IN-UNIT LAUNDRY UTILITIES, MINIMIZING OWNER EXPENSES. SEPARATELY METERED for water, gas, and electricity with a fifth landlord meter servicing water-efficient landscaping and LED exterior lighting. TURNKEY OPPORTUNITY for a stable and hassle-free investment in one of LA's fastest-growing neighborhoods. One unit became vacant in September. The seller may provide a credit for six months' rent if the unit is not leased before the close of escrow. Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
11
Square Ft.
4,950
Lot Size
0.11 Acres
Year Built
2019
MLS Number
25597883
30 Days Snapshot Of 90026
$1.80M
+18%
(avg) sold price
10
-28%
homes sold
74
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 2019, Building area total: 4,950, Levels: MultiSplit, Living area: 4950, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
Heating
Central
Income
Gross income: $158,352, Net operating income: $114,261
Lot
0.1058 acres, 4,607 square feet, Size: 4,607
Parking
8 totals parking, Covered
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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