We are pleased to present the rare opportunity to acquire a 6 unit multifamily property located in one of LA's prime Chinatown neighborhood, adjacent to Echo Park, Angelino Heights and just north of DTLA with beautiful Downtown skyline views. Property in this neighborhood rarely comes on the market. This well-maintained 6-unit complex totals 6,167 SF and is situated on a 6,982 SF ZONE R3 LOT. Property offers an attractive unit mix of FOUR (4) spacious 2- bedroom 2-bath units, ONE (1) 2-bedroom 1-bath unit and an enormous Owner s Townhouse style unit located at the front of the property. Owner s unit appears over 2,000 SF sprawled over 2 levels and features 4 large bedrooms, 4 bathrooms, a spacious family room and kitchen, it s very own private balcony with DTLA city views. Additionally, there is a finish 1 bedroom, 1 bathroom basement that can potentially be converted to an ADU, thus making this a 7th rental unit. Property is gated for security and privacy and has on-site laundry facility and offers 9 on-site parking consisting of 5 carport spaces with alley access, 2 attached garage with 2 onsite parking spaces located at the front. Each unit has it s own water heater and is separately metered for both electric and gas. Excellent location just minutes to Dodger Stadium, LA State Historic Park, Elysian Park, Metro Gold line Union Station, 101 and 110 fwys. This property provides an investor with not only a value-add opportunity with tremendous rental upside, but also a rare opportunity to acquire a property in a desirable strong rental market with minimal available inventory.
Courtesy of Hoeng Yik, Real Estates Unlimited
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Data last updated 10/2/22