308 E Edgeware Rd Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,058 sqft
Price per Sqft $850
MLS Listing ID 24-456443
Bedrooms 2
Construction Status Fixer, Repairs Major, Under Construction
Year Built 1936
Lot Size 4,179 Sqft
Acres 0.0959
Property Description
This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don't miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles.
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LACW
Rooms
Other Rooms None
Dining Room 0
Kitchen Open to Family Room
Interior
Interior Features Basement, Detached/No Common Walls
Heating Wall
Cooling Wall Unit(s)
Fireplaces Type None
Equipment None
Exterior
Garage Driveway, Driveway Gate, Uncovered, Shared Driveway, Private
Garage Spaces 4.0
Pool None
Building
Lot Description Fenced, Lot Shape-Rectangular, Lot-Level/Flat, Single Lot, Back Yard
Water Public
Level or Stories One
Construction Status Fixer, Repairs Major, Under Construction
Others
Special Listing Condition Standard