Perched on a corner lot above Dodger Stadium with views of DTLA and Elysian Park, this 5-unit apartment building offers a rare combination of location, stability, and upside. Sitting atop a quiet hillside street, the property features a desirable mix of two (2) studios and three (3) 1 bed /… Read More 1 bath units, appealing to a wide range of renters drawn to the neighborhood's energy and proximity to DTLA. Recent improvements include a brand-new roof and updated windows and flooring in two units, setting the stage for future enhancements and long-term growth. Several units present value-add potential for investors looking to further elevate rents in one of Los Angeles' strongest rental submarkets. Residents enjoy fast access to Echo Park Lake, Sunset Blvd dining and nightlife, major freeways, and front-row views of fireworks lighting up Dodger Stadium all season long. Whether held as a cash-flowing asset or repositioned for additional upside, this Echo Park hillside 5-unit is a rare opportunity in an iconic Los Angeles location. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Daniel Shieh 310-425-9838
Listing Snapshot
Days Online
8
Last Updated
Beds
2
Square Ft.
2,420
Lot Size
0.14 Acres
Year Built
1924
MLS Number
25623973
Additional Details
Building
Built in 1924, Living area: 2420.0, 1 building, 1 storey, Levels: One
Cooling
None
Garage
5 spaces
Heating
WallFurnace
Income
Gross Income: $78,084, Net Operating Income: $44,569
Lot
0.1427 acres
Parking
5 total parking spaces
Taxes
Parcel Number: 5406018013, Zoning: LAR3
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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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