Description
Investor's dream! 5 Units RTI Ready in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $5.25M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. Plans and permits will be sent upon request.
-
0BEDS
-
0.14ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Investor's dream! 5 Units RTI Ready in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $5.25M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. Plans and permits will be sent upon request.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-25T00:29:29.63. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.