Property · 2 recorded sales since 2019
Listing Agent: Nicholas Fichera (DRE #01932217) · Listing Office: Figure 8 Realty · Contact: 213-537-0114 · Bought with: Sebastian Stofenmacher · Edgestone Real Estate, Inc. · MLS #21113461 · Source: CRMLS
Welcome to this unique owner/user California Bungalow, located along a quickly burgeoning corridor on the border of Silver Lake and Echo Park. The current 2 bed 1 bath home is in need of total repair and is acutely positioned for a reimagined prime repositioning. Bring your designer, architect and artist confidant to re-envision this property. Lender financing and/or seller carryback 2nd loan options are available. Zoned LAC2, commercially zoned with residential use so do as you like with either a house or convert to office with fantastic visibility. Best part is the Billboard pays $25/k per year with the long term contract in place to cover almost the entire mortgage. Once you rehab the house it will be like living payment free. A must see!!Agent Remarks : Billboard with long term lease at $25,000/year included in the sale. Let the billboard income shoulder the lion share of the monthly payment!
Listing description from the December 2021 sale, as reported to CRMLS.