Set right in the thick of the red hot Hi Fi (Historic Filipinotown)/South Echo Park pocket, this triplex is priced to sell. Walking distance to so many things: right across the street from Echo Park public tennis courts; two blocks from Echo Park Lake; right around the corner from two hugely popular, classic neighborhood eateries - Clark Street Echo Park Cafe/Bakery and Gra Sourdough Pizza and Natural Wine; literally a three minute drive to downtown without using a freeway; and only a one minute drive to get onto the 101 Freeway, to get anywhere in the city in any direction fast. The property itself features one unit that has no common walls, and a back yard that offers great outdoor enjoyment for tenants in all three units. There is huge upside on rents, but meanwhile the current rents will make the property pay for itself each month. One of the owners is a professional handyman and has used his skills and experience to care for and maintain the property in very serviceable condition over the 10 years they have owned it. They would be keeping the property forever, but they are selling it and using the proceeds to help purchase a home for their daughter in N.Y. They are passing on tenants to the new owners who they say have been a joy to work with. This will be a great income property to add to your portfolio or to start one if you are new to investment property.
