Description

Welcome to Echo Park, a community with rich history and world famous for its Victorian and Craftsman homes. Echo Park is known for its trendy restaurants, boutiques, bars & eclectic art and music scene. Just blocks away from iconic Sunset Blvd, and a quick jaunt to Echo Park Lake, this offering includes two structures: a front triplex, and rear duplex. The front structure features a large 3Br+1Ba apartment and two studio apartments upstairs. The larger studio is being held vacant for the new Buyer and has multiple interested potential tenants. The back duplex has two Spanish Style side by side 1Br+1Ba apartments, each with laundry. There is also a large courtyard between the two buildings, with crepe myrtle trees & a fig tree which makes for a lovely outdoor area. The property has had many of its systems upgraded, including a rebuilt foundation, copper plumbing, updated electrical and more. There is also a large basement in the triplex that has extensive storage space. The property is well loved and in turnkey condition. With strong rents and low expenses, this is an excellent investment.

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Location

Echo Park is known for its mix of long-time residents, young professionals, creatives, and families. The neighborhood is known for its concentration of eclectic architectural styles and diversity. Blocks away from Sunset Blvd which is home to various trendy restaurants, cafes, shops, bars and entertainment venues. Less than a mile away from Echo Park Lake & Dodger Stadium. Elysian Park is one mile away and is one of LA’s Largest Parks - perfect for hiking & biking. This property is in the school district for the Grand Arts Visual & Performing Arts High School Which is 1 Mile Away. There are over thirty Historic-Cultural Monuments in the neighborhood. Home values have risen 2.0% in the last year and the average values for 90026 is $1.2 million.

Property Highlights​​

• Property has Been Maintained in Pride of Ownership Condition for 20 Years

• Rebuilt Concrete Foundation With Permits on Triplex in 2007

• Duplex Had Permitted Bolting & Retrofitting of Foundation in 2019

• Very Unique and Large Basement With Windows and Multiple Rooms for Storage, etc.

• Copper Plumbing Throughout Both Structures

• New Electrical Panel, Subpanels & Meters in 2006 for all units

• New Roof on Rear Duplex in 2019

• New Roof on Front Triplex in 2005, Serviced in 2025

• 3 New Hot Water Heaters in Triplex in 2024

• Hardwood Floors Throughout Both Buildings, Along with Popular Vintage Style Tile in Kitchens and Bathrooms

• Reliable Furnaces & Window AC Units

• Shared Courtyard with Crepe Myrtle Trees & a Fig Tree