Restored Echo Park Compound - SOLD
1306 & 1308 Waterloo St
# of Units: 2
CAP Rate: 5.46%
Building SF: 2,218
Lot SF: 7,501
Year Built: 1921
WHAT A VALUE! 2 homes for the price of many single-family homes in the area! Welcome to 1306-1308 Waterloo St, 2 spacious detached homes in the heart of Echo Park just above Sunset Blvd and Alvarado St. This multifamily investment opportunity presents you with a unique opportunity to either live at the property or use both homes as investments. With the potential to live in a fantastic location in Prime Echo Park, the owner could rent out the 2nd home to help offset the mortgage payment or rent both homes for substantial rental income. The front house is 4BR+2BA totaling 1,306 SF and the rear home is 3BR+1BA totaling 912 SF. The 2 homes have been impecabbly remodeled, are detached (no shared walls), and have many original wood details and built-ins that add to the charm and style. With open spacious floorplans, beautiful wood and tile flooring, many windows for natural light, expansive views of DTLA, and clean finishes, this is a great turnkey opportunity you won’t want to pass up. Both units have washers and dryers with their own laundry rooms. There is also a separate detached garage that could be used as a music studio or office, and additional gated parking accessible through the back alley.
Echo Park continues to thrive and evolve, with even more new and exciting retail on the horizon to compliment the Echo Park mainstays and hip vibe. These 2 tremendously charming homes are in a prime location with many great eats and entertainment to satisfy. Find your inner Zen with a quick Yoga session at Love Yoga East followed by a traditional diner breakfast at Brite Spot. Grab a horchata latte at Tierra Mia before strolling down to the Echo Park Farmer's Market. Enjoy an exquisite dinner at Mohawk Bend, and grocery shopping at local favorite Lassen's. Maybe even enjoy some live music with your friends at The Echo. No matter the preference or occasion, this location has it all!
Front House is 1,306 SF - 4BR+1.75BA
Rear House is 912 SF - 3BR+1BA
Detached Garage & Gated Parking via Alley Access
Fantastic Location in Echo Park Right Above Sunset Blvd
89 Wakscore! *Very Walkable*
To Be Delivered 100% Vacant - Move-In Ready!
Tremendously Charming Style and Beautiful Full Renovation
Great Views of Downtown Los Angeles
Large Private Backyard & Patio Area Perfect for Entertaining
Appx. $9,500/mo in Total Potential Rent
Washer/Dryer Combination in Both Homes
5.46 CAP Rate with a 14.25 GRM
Located just north of Sunset Blvd and less than a mile to the 101 Freeway.