Property listed by eXp of Northern California, In, Robert Galakhov
$1,250,000
Rare opportunity to own a classic duplex in the heart of one of Los Angeles’ most desirable and high-demand rental markets. Located in the hills of Echo Park, 1535 Parmer Ave features two 2-bedroom, 1-bathroom units, offering an ideal opportunity for an investor or owner-user looking to create long-term value.… Read More With one unit currently vacant, a new owner has the flexibility to occupy the property or reposition the unit and capture current market rent, while the occupied unit provides immediate rental income. The property offers approximately 1,349 square feet of living space on a *buyer to verify* ARD2-zoned lot, combining existing income with future upside potential. Situated near the vibrant shops, restaurants, cafés, nightlife, and neighborhood amenities that make Echo Park one of Los Angeles’ most sought-after communities, with convenient access to Silver Lake, Downtown Los Angeles, Sunset Boulevard, and major freeways. Whether you're looking to owner-occupy, renovate and increase rents, or add a well-located multifamily asset to your portfolio, this duplex presents a rare opportunity to create value in a strong Los Angeles rental market. Read Less
Listing Snapshot
Days Online
16
Last Updated
Lot Size
0.07 Acres
Year Built
1927
MLS Number
260022825SD
Additional Details
Building
Built in 1927, 1 building, 2 stories, Levels: Two
Community
Park Name: N/A
Cooling
WallWindowUnits
Fence
Partial
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $72,000, Net Operating Income: $26,400
Lot
0.0711 acres
Taxes
Parcel Number: 5419014021, Zoning: LARD2
Tenant Pays
SeeRemarks
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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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