1660 2Nd St Los Angeles, CA 90026
Multifamily property near Echo Park with repositioning potential.
Property Features for 1660 2Nd St
General Information
- Standard status
- Active
Building Details
- Year built
- 1954
Source:
Corcoran
Listing Agent: Richard Chow
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment Opportunity Near Echo Park
This 3,280 square foot multifamily property presents a compelling investment opportunity near Echo Park. Four of the five units will be delivered vacant at the close of escrow, offering an ideal blank canvas for investor repositioning. The front unit is turnkey ready to rent. This property is situated close to Echo Park Lake, Downtown Los Angeles, transit options, and popular eateries. It blends reliable cash flow with short-term rental upside, making it suitable for investors seeking both stability and growth. The property also presents a compelling 1031 exchange opportunity, allowing for the deferral of capital gains while optimizing three vacant units for long-term rent roll.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2654453
- Latitude
- 34.0627625
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FAQs
What type of property is this?
Multifamily property - Multifamily property near Echo Park with repositioning potential.
Where is this multifamily property located?
The property is located at 1660 2Nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: - Four of five units delivered vacant, offering immediate repositioning potential.; - Prime location near Echo Park Lake, DTLA, transit, and restaurants.; - Ideal for 1031 exchange, allowing for capital gains deferral.