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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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School Ratings & Info

Description

Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
www.buysocal.homes/homes/115346366
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2226 Branden Street Los Angeles (City), CA 90026

  • Price: $1,600,000
  • Status: Active
  • ID#: AR21058562
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,248
SQFT
$712
$/SQFT
2021
Built
Neighborhood:
671 - Silver Lake
County:
Los Angeles
Area:
671 - Silver Lake
Property Description
Turnkey investment property located in the desirable Echo Park neighborhood, with low supply and very consistent rental demand. The offering consists of two detached homes on a single lot, with an existing updated bungalow home along with a new construction modern home in the rear. The bungalow was recently leased at market rents, and the new home can be delivered vacant for an investor to maximize income immediately. The new construction single floor home features walls of windows letting in abundant natural light, and new designer fixtures and appliances. Open plan layout along with multiple bedrooms provides an ideal product for the rental market, and both homes feature two assigned parking spaces, a rarity for the area. The property is in a convenient location close to popular restaurants, retail, and parks. Situated right in the heart of Echo Park, tenants can enjoy living in a walkable area with several amenities nearby and all the best the neighborhood has to offer. In addition, with new ADU/JDU programs, additional units on the lot may be possible in the future. Inquire now for additional details.
Exterior Features

Architectural Style Modern Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 4 Parking Features Assigned Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring ConcreteLaminate Heating Central Heating YN Yes Interior Features Bedroom On Main LevelMain Level Master

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.25 Common Interest None Community Features Urban Garage YN No Green Energy Efficient AppliancesThermostatWater Heater Gross Income 90600 Gross Scheduled Income 90600 Insurance Expense 1200 Land Lease YN No Laundry Features InsideOutside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 72480 New Construction YN Yes New Taxes Expense 12500 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 1 Operating Expense 18120 Possession Close Of Escrow Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3300 Trash Expense 0 Utilities Sewer Connected Water Source Public Zoning Lar2

Listing provided courtesy of Alan Lu of Altc Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
 
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The Kohler Group | Zutila
4000 Barranca Parkway #105
Irvine CA, 92604