Marcus and Millichap is pleased to present a five (5) unit apartment building located at 1046 Laguna Avenue in Los Angeles, California. Situated in a prime Echo Park location, this is one (1) of a three (3) property portfolio which may be sold together or separately. Built in 1931, this property contains a great unit mix of two (2) studio / one bathroom units, one (1) one bedroom / one bathroom unit, and two (2) two bedroom / one bathroom units. This well-maintained, craftsman style building boasts tons of character with incredible hillside views and no soft-story retrofit required. Each unit features its own private entrance, in-unit washer/dryers, individual water heaters, & fully separate meters for all utilities. The property recently passed LA Housing SCEP Inspections. Positioned around the corner from Echo Park Lake and Sunset Boulevard, the property boasts plenty of yard space, decks, patios, five (5) garage/storage spaces with potential to convert into ADU units, fresh landscaping, and much more. Tenants will love living in a quiet residential pocket adjacent to the trendiest retail, restaurant, and entertainment amenities available in Los Angeles. Offered as part of a three (3) property Echo Park portfolio, 1046 Laguna Avenue offers an investor very high cash flow with separate garages for each unit which have the opportunity to be converted to ADUs around the corner from Echo Park Lake.
|DAYS ON MARKET||32||LAST UPDATED||9/20/2022|
|YEAR BUILT||1922||COMMUNITY||Silver Lake - Echo Park|
|GARAGE SPACES||5.0||COUNTY||Los Angeles|
|STATUS||Active||PROPERTY TYPE(S)||Residential Income|
|APPLIANCES||Built-In, Dryer, Refrigerator, Washer|
|AREA||Silver Lake - Echo Park|
|GARAGE||Carport, Detached Carport, Storage, Yes|
|LOT||5517 sq ft|
|LOT DESCRIPTION||Back Yard, Front Yard, Landscaped, Lawn, Secluded|
|VIEW DESCRIPTION||City Lights,Lake|
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 10/3/22 7:44 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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