Description
*RARE FIRST TIME ON MARKET IN 80 YEARS!* IT'S AN OPPORTUNITY MARKET, AND THIS IS THE CAN'T MISS OPPORTUNITY YOU'VE WAITED FOR. BIG UPSIDE, WITH MULTIPLE POSSIBILITIES. SUPER-RARE COMMERCIALLY ZONED DUPLEX ON AN EXCELLENT "PRIME A" Triangular Corner location that is as trendy and popular as it gets. This versatile LAC2-zoned property can continue as residential or be re-purposed in as a Triple-net Retail space at pro-forma $6,142/month (think BROOME STREET GENERAL STORE in Silver Lake). The lots C-2 zoning allows new construction max 2-Story, 35 feet tall (~4,000 sq. ft. interior) new build. Next to Canyon Coffee, Cookbook LA Grocery, Des Pair Books, and Glowing Plant-Based Eatery. This block of Echo Park blvd is completely redeveloped, with many well-known architects and development projects since 2015. For both living and lifestyle - this junction attracts locals from Atwater, Silver Lake, Los Feliz, and all of NELA. As cute residential bungalows, it currently generates $4000 a month ($2k each unit). With its versatility and location, the UPSIDE future possibilities are easy to see. Plus, both units are in good condition with charming character intact. Each unit has washer and dryer hook ups. Each unit has a new European-style HVAC unit. Current tenants are stable & low-maintenance. Pro-forma market rents are $5,000/month (residential) or $6,142/month (retail triple-net commercial). A short stroll to nature trails and Dodgers Stadium in Elysian Park also. Tenant occupied - shown to pre-qualified buyers only. Sold as-is. Welcome to Echo Park!
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Listing Agent: Jerry Hsieh
Listing Office: Keller Williams Realty Los Feliz