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$2,499,000
Est. payment /mo
6 Beds
8,796 Sqft Lot
Open House
Sat Nov 22, 2:00pm - 5:00pm
Sun Nov 23, 12:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-24982
Bedrooms 6
Lot Size 8,796 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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 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
Location
State CA
County Los Angeles
Community Horse Trails
Zoning Public Rec
Direction Around the corner from Sunset
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5406006027
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Listed by Eduardo Ramirez Ortiz COMPASS
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