Property Detail

Description

Echo Park Triplex | Value-Add & Development OpportunityExcellent investment opportunity in one of Los Angeles' centrally located neighborhoods. This tenant-occupied triplex features three separate 1-bedroom, 1-bathroom units, configured as a front duplex and a detached rear residence. Each unit has separate gas and electric meters. Beyond the existing rental income, the property offers value-add and potential development opportunities, allowing an investor to explore improving the existing units, increasing rental income, and potentially expanding or redeveloping the property, subject to zoning, permitting, and City of Los Angeles approval. The location is a major investment advantage, with close proximity to Downtown Los Angeles, placing tenants within easy reach of DTLA's employment, dining, entertainment, and cultural amenities, as well as Silver Lake, Los Feliz, Highland Park, and Hollywood. Three units. Prime Echo Park location. Current rental income. Value-add potential. Development upside. Exceptional proximity to Downtown LA.