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Property TypeMultifamily (2-4)
LocationLos Angeles, California
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Title4 Unit Multi Family Apartment in Desirable Area of Echo Park with Gorgeous Lake Views with Additional Property Available
Summary

Property is comprised of multiple hillside structures in the desirable Echo Park on the lake. Some units come with balconies, porches, indoor and outdoor laundry areas and with great lake views.

Details

PROPERTY A
Total of 3900 SF on a 5004 Lot - Built 1941
Lots of rental upside available
Tenants are aware of the sale and buyer can negotiate cash for keys after COE

PROPERTY B SALES DETAILS
392 SF 2 Story Home on 2500 SF Lot - Built 1933
Can be purchased to own entire hillside lot

Income and Sales Details

PROPERTY A UNIT MIX - INCOME - SALES DETAILS
Total of 3900 SF on a 5004 Lot - Built 1941
Unit #1 - 3+2 with monthly income at $958
Unit #2 - 3+2 which has been split to a 2+1 and
and a vacant 1+1 rented at $1326
Unit #3 - studio and rented at $598
Unit #4 - 3+1 and rented at $1014
Current Total Monthly Income at $3,896
Monthly Proforma Income at $12,500
Value of Property at $1,750,000
Lots of rental upside available
Tenants are aware of the sale and buyer can negotiate cash for keys after COE
ASKING PRICE WAS $1,495,000
NEW ASKING PRICE $1,195,000

PROPERTY B SALES DETAILS
ASKING PRICE $800,000

Asking Price$1,995,000.00
Date UpdatedNovember 29, 2024