$ 998,000
-
$998,000
Price -
3
Bed -
5
Bath -
2,574
SqFt
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About the Listing 98700 - M440698
Echo Park Hillside Investment Opportunity with Significant Upside Potential 5 -unit multifamily property perched in the hills just off Sunset Blvd, in one of Los Angeles’ most dynamic and rapidly evolving neighborhoods.Featuring three 1-bedroom units and two studio units, offering a coin operated laundry facility , skyline views and surrounded by privacy and hillside charm ,this prooperty provides a living environment that is increasingly difficult to replicate. A standout feature is the presence of 4 Detached storage structures or garages each approximately 300 square feet, creating a unique opportunity for an investor to reimagine the site. Potential exists to reconfigure portions of the parking and storage units , possible ADU opportunities (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of existing cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47 Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Multi-Family
MLS ®
MB26111563
Year Built
1921
Total Square Footage
2,574
Lot/Acreage
0.1
County
Los Angeles
Interior Details
- Bedrooms: 3
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof:
- Others: Updated/Remodeled,2+ Total Units
- Sewer: Public Sewer
- Parking Features: On Site,Off Street,See Remarks
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5406018013
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1126 White Knoll Dr Los Angeles, CA 90012
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