Boardwalk Real Estate Inc. and Kidder Mathews are pleased to present 4 units along prime Echo Park Avenue for sale. The 4,012 SF property, spread across 5,242 SF of land, consists of two duplexes and is located at 1661 Echo Park Ave, Los Angeles, CA 90026. At a 4.66% Cap rate and 14.36 GRM, the fully occupied property lends itself to an investor looking for optimal cash flow with minimal maintenance. All four units are separately metered for gas and electricity. The front duplex, facing Echo Park Ave, was completely renovated in 2015 with recent improvements for insulation and sound transmission completed in 2024. The ground unit consists of three bedrooms and 2 bathrooms, and the upstairs unit is two bedrooms and one bathroom with its own separate entrance and balcony. The driveway is shared between both units. The rear duplex consists of two, three bedroom and one bathroom units.The property is situated next door to the popular Valerie Confections and only a short walk to trendy spots like Canyon Coffee and Bacetti. It is .5 miles from Sunset Blvd and provides easy access to 101 and 110 freeways, allowing seamless connectivity to all of Los Angeles including downtown Los Angeles, Dodger Stadium, and Chinatown. This property offers the perfect blend of urban convenience and neighborhood charm.
Property Details
Price:
$1,900,000
MLS #:
24446921
Status:
Active
Baths:
0
Address:
1661 Echo Park Avenue
Type:
Residential Income
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Sep 30, 2024
State:
CA
ZIP:
90026
Lot Size:
5,203 sqft / 0.12 acres (approx)
Year Built:
1923
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Heating
Central
Exterior
Parking Features
Assigned, Driveway
Parking Spots
0.00
Security Features
Gated Community
Stories Total
2
Financial
Map
Community
- Address1661 Echo Park Avenue Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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1661 Echo Park Avenue
Los Angeles, CA
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