Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

8

Building size

4,060 sqft

Lot size

4,193 sqft

Year built

1925

Stories

0

Pool

None

View

City Lights

Status

Active

Days on market

10

MLS #

245054274

About this property

300 Patton Street is an eight-unit multifamily property in the Echo Park neighborhood of Los Angeles that is on the market for the first time since 2016. The property consists of one (1) 1-bed/1bath and seven (7) 2-bed/1-bath units on a corner lot. Built in 1925, the property has been professionally managed and modernized over the last 10 years. The 8 units are situated on a 4,193 SF lot at the corner of Patton St. and Court St., within walking distance to coffee shops, restaurants and Echo Park Lake. The property's proximity to Downtown Los Angeles and some of the most popular points of interest on the eastside ensures strong rental demand and upside for the foreseeable future. This opportunity affords buyers with the ability to expand their portfolio in one of Los Angeles' most popular rental markets. With approved plans for two ADUs included in the sale, the new owner will be able add value immediately.

Location

300 Patton Street

Los Angeles, Los Angeles, CA, 90026