340 Firmin St 5 Unit Apartment Building $849,000 ($169,800/Unit) 4.40% Cap Rate Los Angeles, CA 90026

Exceptional opportunity to purchase a fully occupied five-unit apartment complex comprised of 600 sqft 1 bed 1 bath units in the heart of Echo Park, one of Los Angeles' most vibrant and rapidly evolving neighborhoods. This well-maintained property offers investors peace of mind from day one. Situated on 5,200 sqft lot, the property presents significant long-term development potential. Whether you hold for income or reposition for future value, this asset combines both stability and upside. Located just minutes from Sunset Boulevard, DTLA, and Silver Lake, the property enjoys strong rental demand and an unbeatable urban lifestyle appeal. This is a rare chance to secure a cash-flowing asset in a premier location with future development possibilities. Ideal for seasoned investors and those looking to enter the multifamily market.
***SELLER FINANCING AVAILABLE***
Owner spent approximately $14,000 on repairs and improvements including a new perimeter gate. ACTUAL NOI is closer to $55,000. Delivered FULLY occupied. All information is deemed reliable but not guaranteed. Buyer(s) and selling agent(s) are advised to verify all details to their own satisfaction. Offers MUST include proof of funds and or Lender Pre approval.