Property Detail

Description

Some opportunities don't come around twice. This one did. A buyer completed every inspection and report, then had to cancel because their 1031 exchange fell through. You get all the due diligence, none of the uncertainty, and a seller ready to move. Built in 1925 in the heart of Angelino Heights, one of Los Angeles' most storied Historic Preservation Overlay Zones, this triplex blends architectural soul with financial performance. Three charming 2-bedroom, 1-bathroom units offer hardwood floors, French doors, original built-ins, in-unit laundry, private outdoor space, and west-facing hill views. The 1920s character is preserved where it matters, and updated where it counts: newer roof, some window replacements, electrical and plumbing upgrades, and refreshed appliances. Two units are leased at $3,700 and $3,400 per month. The top unit will be vacant with an estimated rent of $4,000, bringing combined monthly income to approximately $11,100. Live in the top unit and let the bottom two offset your mortgage, or lease all three from day one and turn a profit. Steps from Echo Park Lake and minutes from Sunset Boulevard, this is the kind of neighborhood people move to on purpose and stay in for decades. Full inspection reports available with a counter offer. Appraised at $1,625,000. Easy to show top unit with 24-hour notice.