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2416 Echo Park Ave
Los Angeles, CA 90026
Artsy Echo Park 4-Plex · Multifamily Property For Sale · 4 Units

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INVESTMENT HIGHLIGHTS

  • Great Location
  • Artsy desirable design w/ High Value Tenant Base
  • Views

EXECUTIVE SUMMARY

Artsy cabin vibes abound at this creative four unit building at the top of Echo Park ave. Large property with a good unit mix and high quality tenants is now available for its next astute investor. Well maintained building with views in an excellent and popular location. Units retain much of original details and charm and great floor plans. Great opportunity to own a special income property in a highly desirable and booming location!

PROPERTY FACTS

Price Per Unit $412,500
Sale Type Investment
Cap Rate 4.94%
Gross Rent Multiplier 16.1
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Low-Rise
Building Class B
Lot Size 0.15 AC
Building Size 3,134 SF
Average Occupancy 100%
No. Stories 2
Year Built 1907
Zoning LAR1 - Residential

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 $2,100 -
1+1.5 1 $2,850 -
2+2 1 $2,895 -
1+1 1 $1,950 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5443-014-016
Land Assessment
$881,925
Improvements Assessment
$556,381
Total Assessment
$1,438,306
  • Listing ID: 32735927

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: 2416 Echo Park Ave, Los Angeles, CA 90026

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