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

3

Building size

1,892 sqft

Lot size

7,254 sqft

Year built

1926

Stories

1

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

3

MLS #

248695953

About this property

Three charming Craftsman bungalows in prime Echo Park including a lovely 2 bedroom, 1 bathroom bungalow with private wraparound yard delivered vacant! With projected gross rents totaling nearly $100,000 per year, this income generating property offers exceptional opportunity for investors looking for stable cash flow in a favorable neighborhood with strong rental appreciation. For a savvy buyer looking for a charming vintage home to call their own - enjoy substantial rental income of $4,475 per month to offset mortgage payments! Two 2 bedroom, 1 bathroom bungalows and a 1 bed, 1 bath cottage are situated privately within the 7,200+ sf lot, with their own dedicated yard spaces. The vacant 676sf bungalow has been updated with new split system, new flooring, and recently upgraded kitchen and bathroom. Through a hedged and gated entrance from the street, enter into the fenced yard spaces with mature trees and planter beds, making this feel like a true private residence. The setting on Avon St is prime Echo Park, a friendly neighborhood replete with lots of greenery and well-kept vintage architecture, walking distance to Valerie, Canyon Coffee, Cookbook Market, coveted Elysian Heights Elementary and the nearby trails of Elysian Park.

Location

2206 Avon Street

Los Angeles, Los Angeles, CA, 90026