Description

A rare 8 unit NON-RENT CONTROL building being offered for the first time in Echo Park, this special property offers a front 4-bedroom + office, 3.5-bath townhome "owner's unit," four 2-bedroom units and three 1-bedroom units, most with incredible downtown views - 5 UNITS delivered VACANT. Thoughtfully built in 1986 to maximize the views, layout, desirability, unit mix and privacy in a highly coveted and robust rental market moments from downtown, freeways and the eastside. The front townhome residence, delivered vacant, is completely separate with its own front door and has 2 private patios, a large open floor plan, private garage and abundant storage. The first floor 1 bedroom takes advantage of a huge private yard - delivered vacant. Separate gas and electric meters and tenants pay for trash. Coin laundry is owned and provides additional cash flow - opportunity to add laundry to units now. Potential for ADU(s). The area is renowned for its extraordinary downtown LA views, vibrant community-driven lifestyle off Sunset Blvd and convenience. An unprecedented opportunity to renovate units to your liking or rent immediately and achieve market rents in one of Northeast LA's most sought after neighborhoods. Special financing available with 35% down for qualified buyers.