1571 COUNCIL Street, Los Angeles, CA 90026

About this property

Beautiful French Normandy 4 plex on a corner lot in prime Historical Philipinotown near Downtown LA, Silverlake, Mid Wilshire, and Echo Park. There are 2 buildings on the lot that have 2 units each. Front building has a nice yard. The units have front and rear entrances with laundry hookups Each unit has separate hot water heaters, upgraded electrical system, new steel staircase, hardwood floors, high ceilings. Very low paying tenants leaves a new owner huge upside potential while getting a great return. Very low expenses as there is not gas or electric for the owner to pay, only water. The area is incredible with beautiful historical properties and single family homes. Must drive by to see the area.

Listing description from the June 2012 sale, as reported to CRMLS.

Sale history

$465,000

Sold June 2012 · listed $475,000, on market May 2012 · MLS #12597631 · Source: CRMLS

Listing Agent: Alex Galuz · Listing Office: Crescent Realty Corp. · Contact: 818-222-5040 · Bought with: Reid C. Kaplan · Keller Williams Beach Cities

$388,000

Sold April 2012 · on market February 2012 · MLS #A12022283 · Source: CRMLS

Listing Agent: Grace Houng · Listing Office: Re/Max Premier Prop Arcadia · Contact: 626-229-2200 · Bought with: Grace Houng · Re/Max Premier Prop Arcadia

$388,000

Sold April 2012 · on market February 2012 · MLS #A12022279 · Source: CRMLS

Listing Agent: Grace Houng · Listing Office: Re/Max Premier Prop Arcadia · Contact: 626-229-2200 · Bought with: Grace Houng · Re/Max Premier Prop Arcadia

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