Highly sought after bungalow structures located directly across Echo Park Lake. The opportunity consists of five (5) structures for ten units including six (6) studio units and four (4) one-bedroom units. There is approximately thirty-eight (38%) percent rental upside that can be achieved through unit turnover. In addition, there are four (4) single car garages allocated to the one-bedroom units. More importantly, there is assumable financing at a fixed rate of 3.66% till 2032 which is extremely attractive relative to today's capital markets.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Price Changed | $2,575,000 -8.04% | $597 | Keller Williams Downtown LA | |
Listed For Sale | $2,800,000 | $649 | Keller Williams Downtown LA |
Elementary School Gabriella Charter | 0.4 miles away | KG - 05 | |
Elementary School Logan Street Elementary | 0.5 miles away | KG - 05 | |
Elementary School Rosemont Avenue Elementary | 0.5 miles away | KG - 05 |