4,351 Sqft Lot
4,351 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB26111563
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1921
Lot Size 4,351 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Rooms
Other Rooms Shed(s), Storage
Interior
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features On Site, Off Street, See Remarks
Pool None
Community Features Hiking, Street Lights, Urban
View Y/N Yes
View City Lights, Hills, Landmark, Panoramic
Total Parking Spaces 5
Private Pool No
Building
Lot Description Corner Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories One
Additional Building Shed(s), Storage
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5406018013
Energy Description 501.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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