Condominium buy in Dayton Avenue California

Welcome to 2436 Echo Park Ave, a classic Eastside legacy complex. The fully occupied 8-unit property consists of two separate structures on a large street to street lot with stunning views from all units. 6 of the 8 units have undergone thoughtful renovations and the premises is beautifully landscaped. RTI plans are in the final stages of approval for an additional ADU. There are six on-site parking spaces, multiple units with private outdoor hang zones and additional storage throughout. Currently listed at a 4.8 CAP Rate on day one with additional 45% upside in rents (Pro Forma 7.3 CAP and 10.2 GRM). Situated in the heart of Echo Park, near all your favorite eateries and local hotspots. This heirloom property will be one to enjoy long term in the portfolio. A Must See. MLS® ID: 22184337 Listed: 7/28/22 Updated: 10/16/22 Interior Features Kitchen Appliances: Refrigerator, Dryer, Washer Total Bedrooms: 10 Total Bathrooms: 9 Exterior/Building Features Lot Size: 5,621 ft2 lot Other Property Details Area Name: C21 - Silver Lake - Echo Park Garage: No Parking: N Parking Total: 6.0 View: N County: Los Angeles Pool: No Total Stories: 3 Zoning: LAR1 Property History Date Event Price Value 9/15/22 Price Change $2,995,000 -7% Courtesy of Figure 8 Realty, Colt Maloney, 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.