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Photo
Property TypeMultifamily (5+)
LocationLos Angeles, California
Map It
TitleNewer Built 2 Story 7 Unit Apartment Complex Near Echo Park with Upside Income and Potential for ADU Development
Summary

Newly Built 2 Story 7 Unit Multi Family Apartment in Desirable Area of Echo Park perfect for ADU Addition
Major Cross Streets Beverly Bl and Reno
Close to Echo Park, Ktown and DTLA

Details

3312 SF Building on 6599 SF Lot - Built 2019
Unit Mix (1) 2+2 and (6) Singles with Large Rear Parking Lot for 8 Cars
Property consists of a newer built 2 story 7 unit apartment in desirable area of LA near Downtown and very close to the Lake at Echo Park.
Lots of eateries and shopping nearby and with the zoning possible to add ADU or 7 units in back for income.

Income and Sales Details

2 vacant single unit ready for rent
Current Monthly Income $9737
Monthly Proforma Income at $15,800
Seller willing to carry with 30% Down
for 18 Months at 2 Point Cost
ASKING PRICE WAS $2,250,000
NEW ASKING PRICE $1,800,000
SELLER LOOKING FOR YEAR END CLOSE
If interested email or call.
OWNER FINANCING AVAILABLE

Asking Price$1,800,000.00
Date UpdatedNovember 29, 2024