Prime Echo Park

Your Agent Contact Information

Agent Name: Greg Bender Agent Phone: 323-671-1280 Agent Fax:   E-mail Address: GregBenderLA@Gmail.com Website: http://GregBenderLA.com

Saved Search: "Prime Echo Park" has returned the following listings:

146 DOUGLAS ST  LOS ANGELES, CA 90026 $1,775,000 Sold 13-690605 Sold

Area:  (21) Silver Lake - Echo Park Property Type:  Residential Income # of Units:  24 Gross Rent Multiplier:  9.72 Lot Size:  9,584/OT Building/Living Area:  10,720/TC Unit Type: Singles Equipment:  Hood Fan

Remarks:  146 Douglas St - 14 units and 150 Douglas Street - 10 units - being sold together for $1,795,000. At the list price a buyer is looking at a deal which is under 10 times the gross income, less than $75k/unit and a great chance to re-position the building to achieve higher rents per unit. There's nothing like this on the market at the moment -This is an awesome opportunity to purchase two side-by-side buildings, both 1920's character buildings, all studio/single units, easy access to downtown and the newly renovated Echo Park Lake.Located just minutes away from the newly renovated Echo Park Lake and steps away from the beautiful Vista Hermosa Park.

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2013 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. This email was sent by Greg Bender DRE# 01725209 (GregBenderLA@Gmail.com). To unsubscribe, please click here.