A rare opportunity to purchase a trophy 32 unit multifamily investment property located in the heart of one of the hippest neighborhoods of the country, Echo Park. First time on the market for over 27 years.
The building was built in 1908 to 1930 and has a unit mix of (1) 3+1, (1) 2+1, (23) 1+1 and (7) 0+1 situated on a 16,418 sqft corner lot. The property has tremendous upside potential in rents, excellent curb appeal and long frontage on Echo Park Ave, gated community, city views from some of the units and on-site laundry facility.
The property features copper plumbing, hardwood floors, remodeled kitchen and baths in good number of units, updated electrical panels, video monitoring cameras and 13 garages.