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2436 Echo Park Avenue
Los Angeles, CA 90026
Sold
2436 Echo Park Avenue
Los Angeles, CA 90026
Sold
We are pleased to present an eight (8) unit multifamily property located at 2436 Echo Park Avenue in Los Angeles, California. The property is situated in a prime Echo Park location at the top of a hill in Elysian Heights, south of Riverside Drive and west of Stadium Way. Originally built in 1930, this turn-key multi-layered apartment building contains a great unit mix of six (6) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit, and one (1) three-bedroom / one-and-a-half-bathroom unit across two (2) detached buildings. The property is positioned on a quiet residential hillside between two (2) streets, boasting panoramic views of surrounding cities and the Los Angeles National Forest mountain range from all the cottage style units. The building is fully turn-key including a new foundation in the main structure. Preliminary plans are included to build a two-story one-bedroom / one-bathroom ADU unit out of one (1) of the garages. Buyer has the option to redo ADU plans for up to eight (8) ADUs if SB 1211 is signed into law (the bill was engrossed June 12, 2024). Select units feature outdoor decks with incredible views. In addition, the property features on-site laundry, four (4) garage parking spaces, and three (3) additional open parking spaces. Situated in a prime Echo Park location, this offering presents an excellent opportunity for any investor to acquire turn-key, high cash flowing cottage style units on a rare hillside property in a core market of Los Angeles.
PROPERTY INFORMATION
| MLS # | 24410749 | Lot Size | 5,623 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,695,000
Price Per SqFt: $ 503 |
DOM | 306 Days |
| Address | 2436 Echo Park Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,354 Sq. Ft. |
| Postal Code | 90026 | Garage | 4 |
| County | Los Angeles | Year Built | 1930 |
| Bed / Bath | 11 / 0 | Parking | 7 |
| Built In | 1930 | Status | Closed |
| Sold Date | 2024-10-08 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Flooring Information | Wood |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
| Has Patio | Yes |
| Patio | Roof Top |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,875
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/02/2024 | Listed | $2,695,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Jason Tuvia, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
