Property listed by Douglas Elliman of California, Inc., Adam Armienta 310-819-3250
$799,999
This income-producing duplex in prime Echo Park features two detached units and presents an exceptional value-add opportunity. The front unit is tenant-occupied, providing immediate and reliable cash flow, while the rear unit has been taken down to the studs and is ready for renovation. Both units share a functional one-bedroom,… Read More one-bathroom layout, offering a clear path to maximizing rental income. Once the rear unit is renovated and both units are leased at market value, the property has strong potential to generate positive cash flow. Separate entrances and gated access enhance privacy and appeal, all set in one of Los Angeles' most desirable neighborhoods known for strong rental demand. A rare opportunity to reposition and add value in the heart of Echo Park. Read Less
Listing Snapshot
Days Online
7
Last Updated
Beds
2
Square Ft.
1,058
Lot Size
0.1 Acres
Year Built
1936
MLS Number
26653271
Additional Details
Building
Built in 1936, Living area: 1058.0, 2 buildings, 1 storey, Levels: One, Entry location: Ground Level w/steps
Community
Gated
Cooling
WallWindowUnits
Heating
None
Income
Gross Income: $21,540, Net Operating Income: $21,540
Laundry
None
Lot
0.0959 acres, RectangularLot
Parking
4 open parking spaces, 4 total parking spaces, Driveway, Private, SharedDriveway, Uncovered
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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