Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.
Based on information from California Regional Multiple Listing Service, Inc. as of April 16th, 2021 at 8:18am PDT. 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.