Property listed by Moon Realty, Robby Moon 626-688-9150
$1,890,000
Great opportunity to own a large newly renovated fourplex in the highly desirable Echo Park area. Totaling 10 bedrooms and 8 bathrooms and 4,448 sqft of living space, with a cap rate over 5%, this spacious property is what you call a rare find. 2 units feature 3 bedrooms and… Read More 2 bathrooms and the other 2 units are 2 bedrooms and 2 bathrooms. Every unit has large kitchens and living rooms with a beautiful open floor plan. The whole property has been renovated from top to bottom including new flooring, kitchens, bathrooms, fixtures, recess lighting, appliances and fresh paint throughout. With separate meters for all 4 units, tankless water heaters, fully paid off solar panels, and parking carports, this is an excellent investment that will yield plenty of cash flow. Also equipt with Electric car outlet, automatic iron gate and surveillance cameras. Just a short drive away from Downtown Los Angeles, Silver Lake and Koreatown, location is everything and this fourplex has it all. The whole property will be delivered vacant so come take a look while you can and make this investment property your priority today! Read Less
Listing Snapshot
Days Online
14
Last Updated
Property Type
Quadruplex
Lot Size
0.16 Acres
Year Built
1910
MLS Number
AR26146695
Additional Details
Building
Built in 1910, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Curbs, StreetLights
Cooling
CentralAir
Expenses
Insurance: $3,000, Operating: $3,420, Trash: $420
Fireplaces
None
Heating
Central
Home Owner's Association
Association Fee: $0
Income
Gross Income: $164,400, Gross ScheduledIncome: $164,400, Net Operating Income: $160,980
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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