Property listed by Figure 8 Realty, Nicholas Fichera 213-537-0114
$1,695,000
1150 Laveta Terrace sits just above Sunset Blvd in the highly desirable Echo Park neighborhood. This beautiful 4-unit property allows an investor to acquire a stable investment opportunity with additional upside potential. The two-story, two-building property offers a strong unit mix of (1) 2 bed/2 bath, (2) 2 bed/1 bath,… Read More and (1) 1 bed/1 bath units. Originally built in 1928 with a total living space of 2,993 SF and a 3,526 SF corner lot zoned RD2. The property is currently 100% occupied with an additional 25-30% upside in rents as units turn and are brought to market rents. Additionally, there are a total of 5 garage spaces, which can be converted into two ADU's that would boost the property valuation by over $500k. Prime Location in Echo Park, steps from neighborhood hotspots like El Moro, La Fe, Monty's, Quarter Sheet's, Dada Market, and Little Joy. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
7
Square Ft.
2,993
Lot Size
0.08 Acres
Year Built
1928
MLS Number
26654447
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1928, Living area: 2993.0, 2 buildings, 2 stories, Levels: MultiSplit
Cooling
None
Exterior Features
Patio/Porch Features: Rooftop
Garage
5 spaces
Heating
WallFurnace
Income
Gross Income: $116,070, Net Operating Income: $82,882
Lot
0.081 acres
Parking
5 total parking spaces, Private
Property
UpdatedRemodeled
Taxes
Parcel Number: 5404021041, Zoning: LARD2
Tenant Pays
Electricity, Gas, TrashCollection
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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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