308 E Edgeware RD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,058 sqft
Price per Sqft $850
MLS Listing ID 24456443
Bedrooms 2
Construction Status Fixer,Repairs Major,Under Construction
HOA Y/N No
Year Built 1936
Lot Size 4,177 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LACW
Interior
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Exterior
Garage Driveway,Private,Shared Driveway,Uncovered
Pool None
Community Features Gated
Parking Type Driveway,Private,Shared Driveway,Uncovered
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard,Rectangular Lot
Entry Level One
Level or Stories One
New Construction No
Construction Status Fixer,Repairs Major,Under Construction
Others
Senior Community No
Tax ID 5160020038
Security Features Gated Community
Special Listing Condition Standard