Under contract
2436 Echo Park Ave
Los Angeles CA, 90026
$2,695,000
$503.36 per sqft
Under contract
11 Beds
9 Baths
5,354 sqft
Multi-family
Built in 1930
We are pleased to present an eight (8) unit multifamily property located at 2436 Echo Park Avenue in Los Angeles, California. The property is situated in a prime Echo Park location at the top of a hill in Elysian Heights, south of Riverside Drive and west of Stadium Way. Originally built in 1930, this turn-key multi-layered apartment building contains a great unit mix of six (6) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit, and one (1) three-bedroom / one-and-a-half-bathroom unit across two (2) detached buildings. The property is positioned on a quiet residential hillside between two (2) streets, boasting panoramic views of surrounding cities and the Los Angeles National Forest mountain range from all the cottage style units. The building is fully turn-key including a new foundation in the main structure. Preliminary plans are included to build a two-story one-bedroom / one-bathroom ADU unit out of one (1) of the garages. Buyer has the option to redo ADU plans for up to eight (8) ADUs if SB 1211 is signed into law (the bill was engrossed June 12, 2024). Select units feature outdoor decks with incredible views. In addition, the property features on-site laundry, four (4) garage parking spaces, and three (3) additional open parking spaces. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to acquire turn-key, high cash flowing cottage style units on a rare hillside property in a core market of Los Angeles.
24-410749
MLSⓇ ID
July 2, 2024
Listed
August 23, 2024
Updated
Map
2436 Echo Park Ave
Los Angeles CA, 90026
Interior Features
Total Stories
5
Bedrooms
11
Total Bathrooms
9
Appliances
Range/Oven, Refrigerator, Built-Ins
Laundry Description
Laundry Area
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Landscaped, Secluded, Single Lot
Architectual Style
Cottage
Other Property Details
Area Name
Silver Lake - Echo Park
Days on Market
44
Garage
Yes
Garage Spaces
4
Parking
Garage Is Attached, Covered Parking, Uncovered
Parking Total
7
View
Yes
View Description
City
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR1
Listing History
Date | Event | Price |
---|---|---|
7/22/2024 | Under contract | — |
Listed by Jason Tuvia with Marcus & Millichap
Listing Contact: 818-448-4415
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Louise Leach | CA DRE# 01774966 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/23/2024