Property listed by South Park Group, Inc., Erick Uribe 323-651-0191
$1,999,999
300 Patton Street is an eight-unit multifamily property in the Echo Park neighborhood of Los Angeles that is on the market for the first time since 2016. The property consists of one (1) 1-bed/1bath and seven (7) 2-bed/1-bath units on a corner lot. Built in 1925, the property has been… Read More professionally managed and modernized over the last 10 years. The 8 units are situated on a 4,193 SF lot at the corner of Patton St. and Court St., within walking distance to coffee shops, restaurants and Echo Park Lake. The property's proximity to Downtown Los Angeles and some of the most popular points of interest on the eastside ensures strong rental demand and upside for the foreseeable future. This opportunity affords buyers with the ability to expand their portfolio in one of Los Angeles' most popular rental markets. With approved plans for two ADUs included in the sale, the new owner will be able add value immediately. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
15
3/4 Baths
8
Square Ft.
4,060
Lot Size
0.1 Acres
Year Built
1925
MLS Number
26862569
Additional Details
Appliances & Equipment
Disposal, Microwave, Refrigerator
Building
Built in 1925, Living area: 4060.0, 2 buildings, Levels: Two
Community
Gated
Income
Gross Income: $191,345, Net Operating Income: $132,143
Interior Features
CeilingFans
Lot
0.0963 acres
Parking
3 open parking spaces, 3 total parking spaces, Gated
Pool
None
Property
UpdatedRemodeled, CityLights
Security Features
GatedCommunity
Taxes
Parcel Number: 5160009009, Zoning: LACW
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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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