Property listed by COMPASS, Eduardo Ramirez Ortiz 323-285-3405
$2,499,000
This gem in Prime Echo Park features a fully permitted, design-forward 5-unit compound spanning McDuff and Portia Streets. Four of the units have been fully remodeled and are currently vacant, offering excellent lease-up potential, while the fifth unit is leased at current market rents.The property offers a projected gross rental… Read More potential of $204,000/yr.Thoughtfully reimagined by SAS Homes the property pairs high-end design with a comprehensive, fully permitted renovation and offers upside potential through possible future unit expansion. The compound is fully fenced and features downtown skyline views, a long driveway with on-site parking, and generous individual patios for each residence. Interiors include engineered hardwood flooring, energy-efficient windows, marble and quartz countertops, solid wood cabinets and designer tile with brass and bronze finishes. The units include in-unit washer/dryer hookups, dishwashers, refrigerators, stoves, and ample storage.Extensive upgrades include new plumbing systems, new electrical wiring, new HVAC systems, tankless water heaters, five gas meters, five new electrical panels, and two water meters with retrofitted foundations. Improvements also include refinished decks, gravel and concrete hardscape, mature citrus trees, drought-tolerant plantings, and a new irrigation system.Located between Elysian Park and Echo Park Lake--just down the block from the vibrant Sunset Blvd featuring eclectic restaurants, live music, cozy cafes, vintage shops, and around the corner from Dodger Stadium. The property offers convenient access to Silver Lake and DTLA.A turnkey, high-design income property ideal for investors or owner-users seeking strong performance and long-term appreciation. 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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