308 E Edgeware Road
Los Angeles, CA 90026
1058 sqft | 2 beds | 0.10 acres | #24456443
Description
This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don't miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles.
Interior Details
- Bedrooms2
Property Details
- Lot DescriptionBackYard, RectangularLot
Measurements
- Acres0.0959
- Square Feet1058
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1936
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$899,999
Other
- MLS #24456443
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Adam Armienta (#CLW-C142267)
Listing Office: Douglas Elliman (#CLW-X80715)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
