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

4

Building size

2,066 sqft

Lot size

5,253 sqft

Year built

1907

Stories

2

Heating

Central

View

None

Status

Active

Days on market

34

MLS #

246393655

About this property

Opportunity to own a renovated fourplex in the heart of Echo Park. 2116 Kent Street offers investors a turnkey, 100% occupied income property with a combination not often found in this submarket: strong current cash flow, significant rent upside, and future development potential. The property consists of one 2-bedroom/1-bath unit, two 1-bedroom/1-bath units, and one studio, all currently leased. The studio is the only unit yet to be recently renovated. The remaining three units have been extensively updated, taken down to the studs over the last few years, and the building benefits from a new roof (2024), meaning the next owner steps into a property with minimal near-term capital exposure. The property is zoned LAR4 on a 5,269 SF lot, supporting significant future density (buyer to verify exact entitlements with the City of Los Angeles), positioning 2116 Kent Street as a compelling opportunity for both income-focused buyers and long-term developers. Ideally located just 1.5 miles from Dodger Stadium and under two miles from Downtown LA. The surrounding area is also close to LA Live, Crypto.com Arena, the LA Convention Center, and the LA Coliseum, several of which are slated to host events during the 2028 Summer Olympics, positioning the neighborhood for continued infrastructure investment and growth in the years ahead. Drive-by only.

Location

2116 Kent Street

Los Angeles, Los Angeles, CA, 90026