2436 Echo Park Avenue

Hillside Legacy 8-Unit Multifamily

For Sale

$2,995,000

Commercial, Multi-Unit (5+)

Bedrooms
10
Bathrooms
9
Units
8
Number of Buildings
2
Square Feet
5,354
Lot Size
5,621
Year Built
1930
Style
Spanish-Style
Cap Rate
4.7
Condition
6 of 8 units renovated

2346 Echo Park Avenue,
Los Angeles, California, 90026

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 4.7 CAP Rate on day one with additional 45% upside in rents. 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.

Agents

Ed Faktorovich

Listing Agent

(323) 270-9303

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Colt Maloney

Listing Agent

(213) 926-9494

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