Description
Sited on the hill above Sunset in booming Echo Park, is this dynamic triplex. Finance gold awaits a buyer, as the building has an assumable loan available at an extremely attractive 3% interest rate fixed for 30 years with payments under $5,300/mo! Renovated building mixing character 1920 elements with modern finishes; including a stunning "Owner's" unit that feels like a house. Premier unit is two stories, three beds / three baths, and gets sole use of the massive park like backyard! Top two apartments are mirror images of one another, each with two beds and one bath; however, one comes with a large balcony and bonus loft space. Other features include washers and dryers in all the units, central air and heat, and all units separately metered. Walking distance to take advantage of the best Echo Park has to offer: unique restaurants and cafes, as well as hip bars. This is a bread and butter income property that will always be desirable to high quality tenants in an excellent location. Also, could be a perfect opportunity for an owner/user to live essentially for free in the large unit while collecting rent from other two apartments that will cover your mortgage. Simply a great building in a hot location, not to be missed!
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7BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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3,400SQFT
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$822$/SQFT
School Ratings & Info
Description
Sited on the hill above Sunset in booming Echo Park, is this dynamic triplex. Finance gold awaits a buyer, as the building has an assumable loan available at an extremely attractive 3% interest rate fixed for 30 years with payments under $5,300/mo! Renovated building mixing character 1920 elements with modern finishes; including a stunning "Owner's" unit that feels like a house. Premier unit is two stories, three beds / three baths, and gets sole use of the massive park like backyard! Top two apartments are mirror images of one another, each with two beds and one bath; however, one comes with a large balcony and bonus loft space. Other features include washers and dryers in all the units, central air and heat, and all units separately metered. Walking distance to take advantage of the best Echo Park has to offer: unique restaurants and cafes, as well as hip bars. This is a bread and butter income property that will always be desirable to high quality tenants in an excellent location. Also, could be a perfect opportunity for an owner/user to live essentially for free in the large unit while collecting rent from other two apartments that will cover your mortgage. Simply a great building in a hot location, not to be missed!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. 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.