Echo Park Triplex | Value-Add & Development OpportunityExcellent investment opportunity in one of Los Angeles' centrally located neighborhoods. This tenant-occupied triplex features three separate 1-bedroom, 1-bathroom units, configured as a front duplex and a detached rear residence. Each unit has separate gas and electric meters. Beyond the existing… Read More rental income, the property offers value-add and potential development opportunities, allowing an investor to explore improving the existing units, increasing rental income, and potentially expanding or redeveloping the property, subject to zoning, permitting, and City of Los Angeles approval. The location is a major investment advantage, with close proximity to Downtown Los Angeles, placing tenants within easy reach of DTLA's employment, dining, entertainment, and cultural amenities, as well as Silver Lake, Los Feliz, Highland Park, and Hollywood. Three units. Prime Echo Park location. Current rental income. Value-add potential. Development upside. Exceptional proximity to Downtown LA. Read Less
Listing Snapshot
Days Online
23
Last Updated
Beds
3
3/4 Baths
3
Square Ft.
1,875
Lot Size
0.06 Acres
Year Built
1909
MLS Number
26995045
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1909, Living area: 1875.0, 2 buildings, Building faces West, Levels: Two, Entry location: Ground Level w/steps
Accessibility Features
None
Exterior Features
Patio/Porch Features: Porch
Floors
Carpet, Tile, Wood
Income
Gross Income: $82,800, Net Operating Income: $47,196
Lot
0.0607 acres
Parking
None
Pool
None
Property
Fixer, CityLights
Sewer
SewerTapPaid
Taxes
Parcel Number: 5160021024, Zoning: LACW
Tenant Pays
Electricity, Gas, Water
Utilities
3 separate electric meters, 3 separate gas meters, 3 separate water meters
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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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