MarketPier

1333 N Alvarado Street - Los Angeles, CA 90026

$1,175,000
Listing Description

This great ECHO PARK property has a lot of charm, 1333 N Alvarado St is located in Los Angeles, CA in the highly desirable Echo Park neighborhood north of Sunset Blvd. This beautiful 4 unit property offers an investor and/or owner-occupier to acquire a rare investment opportunity in a strong rental market. This 4 unit property boasts 4 units with 1 bedroom 1 bath each unit. The building was originally built in 1920 with a total size of 2,348 SF, sitting on 6,722 SF lot zoned RD2. There is 1 garage. Tenants are month to month and the property is currently 100% occupied,. Prime Location in Echo Park near Silverlake, Rampart Village, Koreatown, Downtown LA, Dodger Stadium, Staples Center, LA Live, Restaurants & Shops.

Listing Information
MLS Number
CV19286381
APN/Parcel ID
5424029022
Type
Multifamily
Sub Type
Multifamily
Building Size
2,348 sqft
Lot Size
6,722 sqft
Price / SQFT
$500
No Units
4
Price / Unit
$293,750
Gross Scheduled Income
$90,600
Expenses
$11,169
Total Expenses
$10,669
Net Income
$79,431
Listing Date
12/28/2019
Days Active
-39
Last Updated
4/2/2020
Listing Provided By
ROSE FLEMING
HOMEQUEST REAL ESTATE
BRE# 01092164

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