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$1,499,000
Est. payment /mo
6 Beds
3 Baths
2,636 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,636 sqft
Price per Sqft $568
MLS Listing ID 26672361
Bedrooms 6
HOA Y/N No
Year Built 1925
Lot Size 4,595 Sqft
Property Description
Back on Market- no fault to the property. One unit vacant and property appraised for $1,625,000. Built in 1925 and situated in the heart of Angelino Heights HPOZ, this triplex delivers the rare combination of historic character and investment potential; three character filled 2-bedroom, 1-bathroom units- all with in-unit laundry, private outdoor spaces, hardwood floors, original built-ins, and west-facing views of the hills. Updates and upgrades include: roof, window, plumbing, and electrical upgrades, and newer appliances. The two leased units are currently below market at $3,700 and $3,400 per month, with upside potential as leases turn. The top unit (delivered vacant)lives like its own house and has an estimated $4,000 rent per month for a combined monthly income of $11,100. For the owner-user, the value proposition is equally strong: live in the top unit and let the bottom two help service the debt. Steps from Echo Park Lake and minutes from Sunset Boulevard, Angelino Heights HPOZ status ensures the neighborhood's character is protected for the long term. Full inspection reports and disclosures available with a counter offer. Property recently appraised at $1,625,000. The buyer completed every inspection and report, then had to cancel at no fault of the property. You inherit all the due diligence, none of the uncertainty, and a seller ready to move. Easy to show with 24-hour notice.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features On Street
View Y/N Yes
View City Lights, Hills
Building
Story 3
Entry Level Multi/Split
Architectural Style Victorian
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5405007013
Special Listing Condition Standard
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Listed by Emily Johnson Sotheby's International Realty #01877330
NEARBY SCHOOL & BUSINESS
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