We are pleased to present a three (3) unit apartment building located at 1656 North Alvarado Street 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 1926, this property contains an incredible unit mix of one (1) two bedroom / one bathroom unit, one (1) three bedroom / two bathroom unit, and one (1) five bedroom / two bathroom unit. This well-maintained, craftsman style building boasts tons of character, sits on a hillside with incredible views, and has 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. One (1) unit will be delivered vacant. The property recently passed LA Housing SCEP Inspections. Positioned just two (2) blocks away from 1607 Lake Shore Avenue, this large 7,500 SF lot has three (3) garage/storage spaces with potential to convert into ADU units, fresh landscaping, and a large backyard with potential for a ground-up ADU as well. Tenants will love living in a quiet, hillside 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, 1656 North Alvarado Street offers an investor very high initial cash flow on a large hillside lot with incredible views and ADU plays.
|DAYS ON MARKET||32||LAST UPDATED||9/13/2022|
|YEAR BUILT||1926||COMMUNITY||Silver Lake - Echo Park|
|GARAGE SPACES||3.0||COUNTY||Los Angeles|
|STATUS||Active||PROPERTY TYPE(S)||Residential Income|
|APPLIANCES||Built-In, Dryer, Refrigerator, Washer|
|AREA||Silver Lake - Echo Park|
|LOT||7500 sq ft|
|LOT DESCRIPTION||Back Yard, Front Yard, Landscaped|
|VIEW DESCRIPTION||City Lights,Hills,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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