715 Douglas St | Los Angeles, CA 90026
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- LoopNet Team
715 Douglas St
Los Angeles, CA 90026
Picturesque Echo Park Triplex w/RTI ADU Plans · Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Fully remodeled! Artfully restored with high-end custom finishes throughout, blending modern amenities with historic charm.
- 5.67% current return! With existing tenants paying $7,196, $5,400, and $3,502.
- ADU POTENTIAL! Delivered with plans for two freestanding 2-bedroom ADUs, offering significant rental income and over 1 million in added value.
- Delivered fully furnished! Seller will provide Buyer all furniture free of charge, a value of approximately $75,000.
- Exceptional long-term tenants in place who care for the property, pay premium rents, and love their homes.
- Massive upside! Achieve a close to 7.5% cap rate with ADU development.
PROPERTY FACTS
| No. Units | 3 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 3,325 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1924 |
| Zoning | LAR2 - restricted Density Multiple Dwelling | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,325 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | LAR2 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Fireplace
- Washer/Dryer
- Bay Window
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Instant Hot Water
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 2 | $6,298 | 1,200 - 1,500 |
| 2+2 | 1 | $3,502 | 625 |
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