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House Los Angeles (United-States) Price: $ 2,300,000 USD
  • Euro (€ EUR)
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  • British Pound (£ GBP)
Bedrooms 7  Land 627 m2

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This private, charming, turnkey investment, with current annual NOI over $111,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private deck and outdoor space. These units were fully renovated in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained with newer roofs, sewer lines and decks. There is still quite a bit of upside. Units are SFR so possible TIC candidate. Total projected 2024 rent for all 7 units: $177,092/ yr. Pro forma rent: $247,221/ yr. (7.81% Cap rate). Current cap rate 4.86%. Permit history, general and sewer inspections, and rent rolls available for viewing.

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Advertiser reference: BEP9QD - Le Figaro Properties reference: 62091604

In detail

    • Surface N/A*
    • Rooms N/A*
    • Bedrooms 7
    • Land 627 m2
    • Construction 1922
    • Parking N/A*
    • Bathrooms N/A*
    • Toilets N/A*
    • Exposure N/A*
    • Heating N/A*
    • Kitchen N/A*
    • Property tax N/A*

  • Energy Performance Certificate

    Information not provided by the advertiser

    *GreenHouse Gas emission

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  • $ 2,300,000
    Finance my mortgage

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House Los Angeles (United-States)

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Emily Johnson Sotheby's International Realty - Los Feliz Brokerage 1801 North Hillhurst Avenue
90049 Los Angeles (United-States) All the listings of this agency Contact an advisor

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Los Angeles (United-States)
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