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200k REDUCTION! We are proud to present an exciting new development located in the historic Angelino Heights, area of Echo Park. The six-unit property consists of: one 3bed/2bath preexisting home, two new duplexes with two 2bed/2bath units and two 1bed/1bath units, as well as a new 1bed/1bath carriage house unit. The four detached structures work in harmony with each other to create a private and cozy neighborhood feel on the 11,000 square foot corner lot. There is even a community open space area in the middle of the property where tenants can enjoy the quiet and serene environment. With period correct finishes throughout, the project is visually stunning and a true representation of its Victorian roots. Each tenant can enjoy their own parking spaces or use the private entrance into their unit from the street. There is a mix of covered and uncovered off-street parking behind an automated security gate that opens onto an ample interior courtyard. Amenities for each unit include central air and heat (nest systems), tankless water heaters, in-unit washers and dryers, and high-end kitchen appliances. Five of the six units even include a private outdoor space. From an investor's perspective, the importance of being in a historic overlay zone cannot be understated. Barriers from restrictive permitting and city oversight in these areas make projects costly and take much longer to complete. This not only protects the value of the overall investment, but also ensures higher than average rental rates on each unit. The property is low density, with no affordable units, and no RSO on the new units...all within 1,000 feet to Sunset Blvd. Construction on the property is to be completed soon. The sale of the property will be contingent upon Certificate of Occupancy. MLS® ID: 22188393 Listed: 8/9/22 Updated: 10/14/22 Interior Features Kitchen Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer Total Bedrooms: 10 Total Bathrooms: 9 Cooling: Central Air Heating: Central Exterior/Building Features Lot Size: 0.26 acres lot Other Property Details Area Name: C21 - Silver Lake - Echo Park Garage: Yes Garage Spaces: 4 Parking: Assigned, Controlled Entrance, Garage, Private, Tandem, Uncovered Parking Total: 11.0 View: Y County: Los Angeles Pool: No Total Stories: 2 Zoning: RD2-1VL-HPOZ Property History Date Event Price Value 9/12/22 Price Change $4,295,000 -4% Courtesy of Keller Williams Beverly Hills, Dario Svidler, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/14/22. 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.