$1,550,000

1400 Colton Street, Los Angeles, CA 90026

4,773

Lot Size

6

# Of Units

Listing Agent
Yitzy Davis - Keller Williams Downtown LA

The property consists of two buildings totaling 3,062 SF on a 4,773 SF lot zoned LACW. One building is 646 SF with a 1 bedroom and 1 bathroom unit. The second building is2,416 SF with three 1 bedroom and 1 bathroom units and two studio units. The units are individually metered for gas and electricity. Tenants pay for their own trash with rolling bins. There are 3 parking garages with alley access being used as storage with additional income of $345 a month (month to month leases non residents). A non conforming studio brings in an additional $990 per month including utilities. The property is conveniently located in Historic Filipinotown and Echo Park Adjacent. Within walking distance to the Echo Park Indoor Pool, new foodie cafe and restaurants on Glendale Blvd, Echo Park and Vista Hermosa Park. Situated just three miles northwest of Downtown LA, residents appreciate the small town feel and proximity to Downtown LA. A savvy investor with a value-add strategy will be able to take advantage of the neighborhoods steady rise in rental prices. Huge value-add opportunity as many of the rents are below market. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

Facts & Features

MLS® # 22160213
Price $1,550,000
Bathrooms 0.00
Lot Size 4,773
Year Built 1917
Type Residential Income
Status Active
# Of Units 6

Community Information

Address 1400 Colton Street
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90026

Amenities

Parking Spaces 3
Parking Door-Multi, Garage
Garages Door-Multi, Garage
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed May 23rd, 2022
Days on Market 36
Zoning LACW
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentYitzy Davis
OfficeKeller Williams Downtown LA

Listing Map

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