Welcome to 2436 Echo Park Ave, a classic Eastside legacy complex. The fully occupied 8-unit property consists of two separate structures on a large street to street lot with stunning views from all units. 6 of the 8 units have undergone thoughtful renovations and the premises is beautifully landscaped. RTI plans are in the final stages of approval for an additional ADU. There are six on-site parking spaces, multiple units with private outdoor hang zones and additional storage throughout. Currently listed at a 4.8 CAP Rate on day one with additional 45% upside in rents (Pro Forma 7.3 CAP and 10.2 GRM). Situated in the heart of Echo Park, near all your favorite eateries and local hotspots. This heirloom property will be one to enjoy long term in the portfolio. A Must See.
Listing Agent: Colt Maloney Courtesy of: Figure 8 Realty Office phone: 213-537-0114 Based on information from CRISNet MLS 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. Updated: 7th October, 2022 12:37 PM (UTC)
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