We are pleased to present a six (6) unit apartment building located at 1607 Lake Shore Avenue in Los Angeles, California. Situated in a prime Echo Park location, this is one (1) of a three (3) property portfolio which may be sold together or separately. Built in 1931, this property contains an incredible unit mix of two (2) one bedroom / one bathroom units, three (3) two bedroom / one bathroom units, and one (1) five bedroom / two bathroom unit. This well-maintained, craftsman style building offers tons of character with no soft-story retrofit required. Each unit has its own private, detached bungalow style building featuring in-unit washer/dryers, individual water heaters, & fully separate meters for all utilities. The property recently passed LA Housing SCEP Inspections. The large 11,900 square foot lot boasts plenty of yard space, decks, patios, one (1) storage space with potential to convert into an ADU unit, fresh landscaping, and much more. Three (3) units lay along Lake Shore Avenue, the other three (3) lay along Lobdell Place, offering separate addresses for each. Tenants will love living in a quiet residential pocket adjacent to the trendiest retail, restaurant, and entertainment amenities available in Los Angeles. Offered as part of a three (3) property Echo Park portfolio, 1607 Lake Shore Avenue offers an investor very high initial cash flow on a double lot with remaining upside potential.
Listing Agent: Jason Tuvia 01772495 Courtesy of: Marcus & Millichap "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 27th September, 2022 10:49 PM (UTC)