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Listed by JOSEPHINE SAN LUCAS, DRE #01308257 • KELLER WILLIAMS LARCHMONT
$ 850,000
Est. payment /mo
Pending
1126 White Knoll DR Los Angeles, CA 90012
4,351 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRMB26111563
Style Spanish
Year Built 1921
Lot Size 4,351 Sqft
Source California Regional MLS
Property Description
Echo Park Hillside Investment Opportunity with Significant Upside Potential 5 -unit multifamily property perched in the hills just off Sunset Blvd, in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.Featuring three 1-bedroom units and two studio units, offering a coin operated laundry facility , skyline views and surrounded by privacy and hillside charm ,this prooperty provides a living environment that is increasingly difficult to replicate. A standout feature is properties 5 Detached garages 4 of which can be delivered VACANT ! Creating a unique opportunity to build an ADU(buyer to verify ) ADU websites for faster plan review and permit issuance in suplements (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of ex isting cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47. Properties will be delivered with tenant occupancy Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Cooling Window / Wall Unit
Flooring Laminate
Laundry None
Exterior
Parking Features Common Parking Area, Off-Street Parking, Other
Garage Spaces 5.0
Pool 31, None
View Hills, Other, Panoramic, City Lights
Building
Story One Story
Water District - Public
Architectural Style Spanish
Others
Tax ID 5406018013
Special Listing Condition Not Applicable
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