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

July 24, 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

20


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 7/24/2024

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