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1656 N Alvarado St

Los Angeles, CA 90026
  • $1,698,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 22-136539
UPDATED: 28 min ago
$1,698,000
  • 10
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,962
    SQFT
  • $573
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

3 units located in prime Echo Park. The property was built in 1926 and contains 2,962 SF, sitting on a 7,500 SF lot zoned RD2-1VL. The unique unit mix features (1) 2-bedroom/1-bath, (1) 3-bedroom/2-bath, and (1) 5-bedroom/2-bath. There are three (3) garage/storage spaces at front of the property, and a huge backyard, both of which may offer ADU potential and additional revenue streams. Buyer to verify. The property is well maintained and is full of character. All units have their own washers/dryers and individual water heaters. Additionally, all units are individually metered for all utilities which substantially reduces operating expenses. No soft-story retrofit is required and there are no COVID balances or delinquencies. The property boasts an 82 Walk Score, "Very Walkable". This property is part of a 3-property portfolio consisting of 14 units in total. All properties can be purchased together or individually.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T13:43:06.753. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/126728457
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1656 N Alvarado St Los Angeles, CA 90026

  • Price: $1,698,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 28 min ago
  • MLS #: 22-136539
10
Beds
0
Baths
0
½ Baths
0.17
Acres
2,962
SQFT
$573
$/SQFT
1926
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
3 units located in prime Echo Park. The property was built in 1926 and contains 2,962 SF, sitting on a 7,500 SF lot zoned RD2-1VL. The unique unit mix features (1) 2-bedroom/1-bath, (1) 3-bedroom/2-bath, and (1) 5-bedroom/2-bath. There are three (3) garage/storage spaces at front of the property, and a huge backyard, both of which may offer ADU potential and additional revenue streams. Buyer to verify. The property is well maintained and is full of character. All units have their own washers/dryers and individual water heaters. Additionally, all units are individually metered for all utilities which substantially reduces operating expenses. No soft-story retrofit is required and there are no COVID balances or delinquencies. The property boasts an 82 Walk Score, "Very Walkable". This property is part of a 3-property portfolio consisting of 14 units in total. All properties can be purchased together or individually.
Exterior Features

Garage Structures Total 1 Lot Size Area 7500 Other Structures None Parking Garage Detached Style Craftsman Total Parking 3 View Description City View YN Yes

Interior Features

Baths Total 5.00 Cooling Other Equipment WasherRefrigeratorRange/OvenFreezerDryer Heating Other Laundry In UnitInsideOutside Laundry Equipment Own

Property Features

Assessed Total Value 202971 Gross Income 106200 Gross Operating Income 106200 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 79259.00 Number Of Buildings 2 Number Of Units 3 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricityWaterTrash Collection Total Annual Expense 25879 Type Of Units Apartments Water Heaters YN Yes Year Built Source Assessor Zoning Lard2

Listing provided courtesy of David Pearl DRE#01963469 of Kw Advisors.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T13:43:06.753. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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