1126 White Knoll Drive, Los Angeles, CA 90012
- $850,000
- List Price
- $850,000
- Price Change
- ▼ $148,000 1783640149
- Status
- ACTIVE
- MLS#
- MB26111563
- Year Built
- 1921
- Lot Size
- 4,351
- Acres
- 0.10
- Lot Location
- Corner Lot
- Days on Market
- 44
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Mixed Use
- Stories
- One Level
Property Description
Echo Park Hillside Investment Opportunity with Significant Upside Potential 5 -unit multifamily property perched in the hills just off Sunset Blvd, in one of Los Angeles’ most dynamic and rapidly evolving neighborhoods.Featuring three 1-bedroom units and two studio units, offering a coin operated laundry facility , skyline views and surrounded by privacy and hillside charm ,this prooperty provides a living environment that is increasingly difficult to replicate. A standout feature is properties 5 Detached garages 4 of which can be delivered VACANT ! Creating a unique opportunity to build an ADU(buyer to verify ) ADU websites for faster plan review and permit issuance in suplements (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of ex isting cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47. Properties will be delivered with tenant occupancy Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.
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Additional Information
- Other Buildings
- Shed(s), Storage
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- City Lights, Hills, Landmark, Panoramic
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $80,048
- Operating Expense
- 23375
- Levels
- One
- Parking Spaces
- 5
Listing courtesy of Listing Agent: JOSEPHINE SAN LUCAS (JOSIESANLUCAS@HOTMAIL.COM) from Listing Office: KELLER WILLIAMS LARCHMONT.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.