Property listed by COMPASS, Eduardo Ramirez Ortiz 323-285-3405
$2,399,000
**Immediate High-Yield Cash Flow in Prime Echo Park -- Design-Forward 5-Unit Compound**This exceptional 5-unit Echo Park compound delivers strong, immediate income, with four of five units currently rented at premium rates and the fifth offering clear upside. Current and pro forma rents include 1437 Portia St at $4,500/month, 1438 McDuff… Read More St at $3,450/month, 1435 Portia St at $3,550/month, 1434 McDuff St at $3,150/month, and 1439 Portia St with a pro forma rent of $2,350/month, resulting in a projected annual gross income of $204,600.Thoughtfully reimagined by SAS Homes, this architecturally cohesive compound spans McDuff and Portia Streets and has undergone a fully permitted, high-end renovation. Each residence blends refined craftsmanship with timeless materials, featuring engineered hardwood floors, energy-efficient windows, marble and quartz countertops, solid wood cabinetry, and designer tile accented by brass and bronze finishes.Every unit enjoys its own private outdoor terrace or patio, creating a serene indoor-outdoor lifestyle that tenants value highly. These peaceful spaces are ideal for entertaining, relaxing, or enjoying the surrounding greenery and city views. The property is fully fenced for privacy and enhanced by lush landscaping with mature citrus trees and drought-tolerant plantings.Tenant-forward amenities include in-unit washer/dryer hookups, dishwashers, refrigerators, stoves, generous storage, on-site parking via a long private driveway, and sweeping views toward the downtown skyline.Behind the scenes, the infrastructure has been comprehensively upgraded for long-term durability and low maintenance, including new plumbing and electrical systems, new HVAC units, tankless water heaters, five gas meters, five electrical panels, two water meters, retrofitted foundations, and refreshed hardscape.Perfectly positioned between Elysian Park and Echo Park Lake, residents are moments from Sunset Boulevard's popular dining, live music venues, cafes, and boutiques, with Dodger Stadium, Silver Lake, and Downtown Los Angeles just minutes away.This is a rare opportunity to acquire a turnkey, design-driven asset offering immediate cash flow, strong tenant demand, and long-term value in one of Los Angeles' most desirable rental markets. Read Less
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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