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

1,875 sqft

Lot size

2,644 sqft

Year built

1909

Stories

0

Style

Traditional

Pool

None

View

City Lights

Status

Active

Days on market

0

MLS #

248779075

About this property

Echo Park Triplex | Value-Add & Development OpportunityExcellent investment opportunity in one of Los Angeles' centrally located neighborhoods. This tenant-occupied triplex features three separate 1-bedroom, 1-bathroom units, configured as a front duplex and a detached rear residence. Each unit has separate gas and electric meters. Beyond the existing rental income, the property offers value-add and potential development opportunities, allowing an investor to explore improving the existing units, increasing rental income, and potentially expanding or redeveloping the property, subject to zoning, permitting, and City of Los Angeles approval. The location is a major investment advantage, with close proximity to Downtown Los Angeles, placing tenants within easy reach of DTLA's employment, dining, entertainment, and cultural amenities, as well as Silver Lake, Los Feliz, Highland Park, and Hollywood. Three units. Prime Echo Park location. Current rental income. Value-add potential. Development upside. Exceptional proximity to Downtown LA.

Location

310 N Bixel Street

Los Angeles, Los Angeles, CA, 90026