315 N Alvarado St - 3-Unit Investment Near Echo Park 2,382 SF Specialty Building Offered at $2,300,000 in Los Angeles, CA 90026

Excellent opportunity to acquire a three-unit apartment building offering approximately 4,300 square feet of improvements on a 5,300-square-foot lot. Built in 1897 and zoned LAR4, the property is located just south of Temple Street with convenient access to Echo Park, Westlake, Silver Lake, East Hollywood, and the Hollywood Freeway. The building currently generates approximately $144,000 in gross annual income and consists of three spacious four-bedroom, two-bath units: Unit A is approximately 1,200 square feet and rents for $4,000 per month; Unit B is approximately 1,300 square feet and rents for $4,500 per month; and Unit C is approximately 1,800 square feet and rents for $3,500 per month. APN 5157-017-001. This well-located multifamily asset offers strong current income in a highly central Los Angeles location.