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:

310 S ALVARADO ST  LOS ANGELES, CA 90057 $2,675,000 Active 13-719013 Price Change

Area:  (42) Downtown L.A. Property Type:  Residential Income # of Units:  32 Gross Rent Multiplier:  8.60 Lot Size:  7,750/VN Building/Living Area:  16,017/VN Unit Type: 9 1's, 20 S Equipment:  None

Remarks:  Prime Westlake 4 story center hallway wood frame stucco property just waiting to be turned into the next hip building in the redeveloping area.The property 29 rental units and 2 retail units with an additional unit leased by a cellular company for added income.The property also has a large billboard that generates more income as well.This property has been retrofitted with new solar panels on the roof to offset the electric bills. Individually metered for Gas. There are nine (1 bedroom units) and there is significant rental upside. At under 9 x gross this property is a fantastic buy and operates at a 6.5% cap in its as is condition.With market rents it will operate at a 8% Cap.Please call for further info.

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 © 2014 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.