This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don’t miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles.
Property Details
Price:
$899,999
MLS #:
24456443
Status:
Active
Baths:
0
Address:
308 E Edgeware Road
Type:
Residential Income
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Oct 24, 2024
State:
CA
ZIP:
90026
Lot Size:
4,179 sqft / 0.10 acres (approx)
Year Built:
1936
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Schools
Interior
Fireplace Features
None
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Lot Features
Rectangular Lot, Back Yard
Parking Features
Driveway, Uncovered, Shared Driveway, Private
Parking Spots
4.00
Pool Features
None
Security Features
Gated Community
Spa Features
None
Financial
Map
Community
- Address308 E Edgeware Road Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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Courtesy of Douglas Elliman. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
308 E Edgeware Road
Los Angeles, CA
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