2Nd St Los Angeles, CA 90026
Multifamily property with repositioning potential near Echo Park.
Property size:
3,280 SFLot size:
0.16 AcresProperty Features for 2Nd St
General Information
- Standard status
- Active
- Size
- 3,280 SF
- Lot size
- 0.16 Acres
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 Property Near Echo Park
This 3,280 square foot multifamily property offers an investment opportunity near Echo Park. Four of the five units will be delivered vacant at the close of escrow, presenting a blank canvas for investor repositioning. The front unit is turnkey ready to rent. This property is situated near Belmont High, Downtown Los Angeles, transit options, and eateries. It may be suitable for a 1031 exchange, allowing for the deferral of capital gains while optimizing the four vacant units to increase market rent.
Location Intelligence
Current Use by Public Records
Multifamily properties
Map
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.245015
- Latitude
- 34.051007
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FAQs
What type of property is this?
Multifamily property - Multifamily property with repositioning potential near Echo Park.
Where is this multifamily property located?
The property is located at 2Nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: - 3,280 sqft multifamily asset.; - Four of five units delivered vacant, offering immediate repositioning potential.; - Turnkey-ready front unit for immediate rental income.