Property Description

Situated just a short distance to Echo Park and downtown, sits this opportunity to have a great building in your portfolio to later develop if wanted.With the ability to build up to 15 units on this large lot, there is tremendous potential given its R3 zoning. Currently 6 units total (4 singles and 2 one bedrooms) with no vacancies or late rents all of which being long term. Two separate structures with plenty of onsite parking (8 total spaces). Below market rents with plenty of upside and low operating costs, one could collect rents while applying for permits and plans. With close proximity to Good Samaritan hospital and New Academy of Science and Art, Gratts Elementary and Primary schools, freeways, downtown, Staples Center, L.A. Live etc. Each unit separately metered for gas and electric. DO NOT DISTURB TENANTS.

Residential Income

Avenue 316 Columbia
Los Angeles California 90017

$1,149,999
Basic Details
Property Type : Residential Income
Status : Active
# of Rooms : 0
# of Bathrooms : 0
SF : 0SF
PPSF :
HOA : $0
Parking : 0
Lot SF : 7,084SF
Lot PPSF : $162
Year Built : 1953
Virtual Tour : Not available
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