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We are pleased to present a ten (10) unit apartment building located at 1330 Portia Street in Los Angeles, California. The subject property is situated in a prime Echo Park Location, north of Sunset Boulevard and east of Echo Park Avenue. Originally built in 1966 and renovated in 2022, this property contains a good unit mix of seven (7) one bedroom / one bathroom units, one (1) one bedroom / one bathroom unit featuring a full private basement, one (1) studio / one bathroom ADU unit, and one (1) one bedroom / one bathroom ADU unit. This renovated building boasts six (6) remodeled units and two (2) brand new construction ADU units with new flooring, stylish built-ins, quartz counters, stainless steel appliances, in-unit washer/dryers, sliding glass closets, and updated recessed lighting. The property itself features fresh low maintenance landscaping, a brand new roof, all new plumbing, copper repipe and new sewage, new main electrical panel upgrade and new in-unit electrical panels, new mini splits, wood deco aesthetic in the front, new windows, parking for select units, a completed soft-story retrofit, and more. All units are separately metered for gas and electricity. Tenants will love being within walking distance to some of the trendiest retail, restaurant, and entertainment amenities in Los Angeles. Some of these include nooworks fashion, Konbi, Brick Works, Short Stop, Little Joy Cocktails, Stereoscope Coffee, Alternate Universe, and many more. Most notably, outdoor recreation at Echo Park Lake is located less than half a mile away. Situated in a prime Eastside location, this offering presents an excellent opportunity to acquire a well renovated new construction feel with over a 5% initial cap rate. MLS® ID: 22175193 Listed: 7/4/22 Updated: 10/16/22 Interior Features Kitchen Appliances: Built-In, Dishwasher, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer Total Bedrooms: 9 Total Bathrooms: 10 Laundry Description: Stacked Floor Description: Wood Heating: Wall Furnace Exterior/Building Features Lot Size: 7,181 ft2 lot Lot Details: Landscaped, Rectangular Lot Other Property Details Area Name: C21 - Silver Lake - Echo Park Garage: No Parking: Driveway, One Space, Side By Side Parking Total: 6.0 View: Y County: Los Angeles Pool: No Pool Description: None Total Stories: 2 Zoning: LARD2 Property History Date Event Price Value 10/11/22 Active Under Contract - - 9/6/22 Active - - 9/6/22 Price Change $3,950,000 -4% 8/24/22 Active Under Contract - - Courtesy of Marcus & Millichap, Jason Tuvia, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/16/22. 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.