308 E Edgeware Road

Los Angeles, CA 90026

$899,999

List Price

2

bed Beds

2

shower Baths

1,058 sqft

straighten / sqft

1936

calendar_month Built

Property Description

This income producing duplex in Echo Park consists of two detached units and presents a fantastic investment opportunity. It features a tenant-occupied front unit which provides immediate cash flow and a vacant back unit that is a blank canvas. The back unit has been taken down to the studs and is ready for your vision. The front unit offers reliable income with its one bedroom and one bathroom layout, while the back unit allows for significant renovation potential, ideal for savvy investors or flippers looking to maximize their return. The front unit has the same layout as the back unit, but the front unit is complete with reliable tenants. This property could become a positive cash flowing property once the back unit has been repaired and both units have tenants are market value. With separate entrances for privacy and a gated entry, this property is a prime opportunity to enhance your real estate portfolio. It is also located in a desirable neighborhood with strong rental demand. Don't miss out on the opportunity to secure this value-add property in the heart of one of the most up and coming neighborhoods of Los Angeles.

Listing Information

List Price $899,999
Status Active
MLS 24456443
Type Residential Income
Year Built 1936
Lot Size 4,179
Structure Size 1,058
DOM 8
Courtesy Of Douglas Elliman
Listing Agent Adam Armienta DRE#02139042

Interior Features

Kitchen Information
Features Kitchen/Family Room Combo
Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 2
Fireplace Information
Features None

Exterior Information

Maps

Listing information courtesy of: Adam Armienta, Douglas Elliman 323-806-6682. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 3:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.