1530 Ewing Street, Echo Park, CA 90026

$1,800,000
2,424
SqFt
List Price
$1,800,000
Status
ACTIVE
MLS#
SB19252653
Year Built
1924
Living Sq. Ft
2,424
Lot Size
7,367
Acres
0.1691
Lot Location
2-5 Units/Acre
Days on Market
81
Property Type
Multifamily

Property Description

We are pleased to present an attractive 4-unit apartment community located in the highly sought-after Echo Park area, known for tremendous rent growth. This charming investment property appeals to renters that are drawn to the vibrant and youthful feel of the Williamsburg of the West Coast otherwise known as Echo Park. It consists of four two-bedroom and one-bathroom units. In all, the property’s square footage is 2,424 square feet on a 7,366 square foot lot. 1531 Ewing St is currently generating exceptional income offering investors an immediate return. However, the most attractive part of 1530 Ewing is there's still a significant rental upside. Current rents are approximately 20% below market rents with market rents being achievable with complete unit and property renovations.

Additional Information

Tract Number
1973
Lot Description
Sidewalks
Pool Description
None
Sewer
Unknown
Water
Public
Attached Structure
Detached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Grant Goldman from Lyon Stahl Investment Real Estate, Inc.

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.