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$1,225,000
Est. payment /mo
5 Beds
3 Baths
1,892 SqFt
Open House
Sun Oct 25, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,892 sqft
Price per Sqft $647
MLS Listing ID 26998783
Bedrooms 5
HOA Y/N No
Year Built 1926
Lot Size 7,252 Sqft
Property Description
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 $4,304 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
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR1
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator, Dryer, Washer
Exterior
Parking Features None
Total Parking Spaces 3
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5415007026
Special Listing Condition Standard
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Listed by Courtney Pickard Compass #01948903
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