Rare opportunity to own two fully renovated units on one lot with no common walls, offering the feel of two separate homes, located in arguably the most sought after location in prime Echo Park, just one-third of a mile north of Sunset Boulevard's vibrant shops and restaurants, and only… Read More a 5-minute walk to beautiful 600 acre Elysian Park. Both units are in excellent condition and filled with charm and character, each featuring in-unit washer and dryer and private outdoor spaces for added comfort and livability. The property offers a highly desirable double-wide driveway, accommodating two cars side-by-side or up to four cars in tandem an uncommon convenience in this area. One unit is listed at 786 sq ft but includes an additional approximately 120 sq ft loft, bringing the total usable living space closer to 900 sq ft. Recent upgrades include a brand new roof on the rear unit, adding to the property's overall appeal and low-maintenance profile. Both units are occupied by long-term tenants paying strong rents that are still approximately 15% below current market levels, offering immediate income with future upside potential. Perfect for an investor or owner-user looking to live in one unit while renting the other to offset expenses and enjoy a manageable monthly payment.. Read Less
Property listed by Silverwood Properties, Ken Shapiro 310-259-7556
Listing Snapshot
Days Online
2
Last Updated
Beds
4
Square Ft.
1,473
Lot Size
0.15 Acres
Year Built
1912
MLS Number
26671257
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1912, Living area: 1473.0, 2 buildings, Levels: One
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $88,956, Net Operating Income: $57,821
Lot
0.1528 acres
Parking
4 open parking spaces, 4 total parking spaces, Driveway
Taxes
Parcel Number: 5419015023, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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