Lake Front Duplex in Echo Park

$782,000

700 - 702 Echo Park Ave

# of Units: 2

Current/Pro Forma GRM: 15.52/13.87

Current/Pro Forma CAP:
4.27%/4.82%

Price/SF: $670

Building SF: 1,168

Lot SF: 4,973

Zoning: LARD2 - HPOZ

Year Built: 1923

Description​​​

This hillside bungalow-style duplex offers direct lakefront views and direct access to Echo Park Lake plus walkability to Sunset Blvd's shops, cafes, and restaurants. There are two structures on the property, 584 SF bungalow-style 2 (1Br +1 Ba) units one of which is being held vacant for new buyers. The units have been lightly updated and feature an in-unit washer/dryer. Each has its own office nooks, private patios, and a small yard in the rear. There is no parking, but plenty of street parking and access to the units is via a staircase. The property is located in the highly coveted Angelino Heights HPOZ - on average homes sell for well over $900/SF. Excellent investment opportunity in Echo Park!

Location

Located in prime Echo Park just a few blocks from Sunset Blvd, which is a hotspot for popular dining and shopping such as The Echo and Short Stop, and recreational areas such as Echo Park Lake & Echo Park Tennis Courts. Convenient Hollywood 101 Fwy access also helps with commuting to DTLA. The subject property is located on a scenic stretch of Echo Park Ave which provides access to Glendale & Sunset Blvd. The property sits directly across from Echo Park Lake and enjoys unobstructed views of the lake. Additionally, Silver Lake, DTLA, HIFI, Highland Park, Chinatown, are easily accesible. 

Property Highlights

  • Amazing Echo Park Location!

  • One Unit Delivered Vacant

  • Two Separate Bungalow Style Units

    • Two 584 SF Units (1Br + 1Ba)​

    • Separate Entrances

  • Charming Units w/Unique Customizations

    • Both Units Have Office Nooks

    • Custom Closets

  • Great Unobstructed Views of the Lake

  • 1,168 SF Building - 4,973 SF Lot 

  • Zoned LARD2-1 - Tier 1 TOC - HPOZ

  • Very Walkable Location *84 Walk Score

    • Minutes to Sunset Blvd 

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