715 Douglas Street, Los Angeles, CA 90026

$1,599,000
3,606
SqFt
List Price
$1,599,000
Price Change
▼ $289,000 1609901328
Status
ACTIVE UNDER CONTRACT
MLS#
20642446
Year Built
1924
Living Sq. Ft
3,606
Lot Size
6,820
Acres
0.15
Days on Market
108
Property Type
Multifamily

Property Description

Just reduced $289,000!!! Incredible opportunity to purchase a vacant fourplex in historic Angelino Heights, LAs original suburb located 1.2 miles from Downtown LA. This expansive property sits majestically at the corner of Douglas Street and Carroll Avenue, listed in the National Register of Historic places for its extraordinary Victorian homes. The property includes two separate structures and a two-car garage. The first structure measures 3,066 sq ft (per assessor) and includes one 3 bedroom/1 bath apartment w/storage room and two 1 bedroom/1 bath apartments. The second structure measures 540 sq ft (per assessor) and includes one 1 bedroom/1 bath apartment. This investment presents a unique opportunity for an owner to rehab and then lease units at market rate. This unbeatable location is walking distance to Dodger stadium and close to a plethora of other attractions in nearby Echo Park, Silver Lake, Chinatown/Olvera St/Little Tokyo and Universal Studios.

Additional Information

Cooling Description
None
Number Of Units Total
4
Unit One Total Units
1
Unit One Beds
3
Unit One Baths
1
Unit One Pro Forma
4500
Unit One Furnished
Unfurnished
Unit Two Total Units
3
Unit Two Beds
1
Unit Two Baths
1
Unit Two Pro Forma
2300
Unit Two Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of James Adner from Keller Williams Hollywood Hills

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.