Prime Echo Park

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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:

263 Union Place  Echo Park, CA 90026 $375,000 Active SR13245202CN New Listing

Area:  (21) Silver Lake - Echo Park Property Type:  Residential Income # of Units:  4 Gross Rent Multiplier:  7.27 Lot Size:  6,496/OW Building/Living Area:  2,478 Unit Type: Equipment:  Gas Dryer Hookup, Refrigerator

Remarks:  The 2-4 Unit Specialists are pleased to offer for sale the fee-simple interest in 263 Union Pl, a single family residence converted into four non-conforming units. For investors, this is your opportunity to acquire a property with an astronomical 14.61% return. Not to mention, due to the non-conforming nature of the property, 263 Union Pl is not subject to rent control. If you are looking to avoid the trouble of problematic tenants and unwanted evictions, this is the property for you.For those of you in search of a home, 263 Union Pl has preserved the original front house, providing the ideal set up? live in the front & collect ample rent to pay off the property.In addition to its exceptional return, 263 Union Pl is located blocks from prime Downtown Los Angeles and minutes from the popular Echo Park and Silver Lake ?hipster? scene. This area is gentrifying more and more by the day, causing ever-increasing rents and a wave of quality tenants in search of housing nearby so many popular destinations. This property is ideal for buyers looking to enter a market that is poised for growth similar to what took place in Silver Lake.263 Union Pl is made up of a 3 bed/2 bath house, a 2 bed/1 bath unit, and 2 renovated 1 bed/1 bath units.

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.