2429 Echo Park Avenue, Los Angeles, CA 90026
Property · 2 recorded sales since 2021
Sold January 2021
Listing Agent: Ken Shapiro (DRE #01715663) · Listing Office: Silverwood Properties · Contact: 213-250-4404 · Bought with: Henry Plascencia · Compass · MLS #20661354 · Source: CRMLS
About this property
The seller just authorized me to dramatically reduce the price of this property so it can get sold right away. This price reduction now makes it so that, once one gets the large unit occupied (that will be between $5500 and $6000/mo) you will have $1600/mo cash flow immediately, and even more whenever the tenant in the one bedroom unit vacates. To have this kind of cash flow in a property that a) was thoroughly renovated inside and out only 10 years ago, and b) is in prime Echo Park, with spectacular views, is pretty much unobtainable in any upscale neighborhood in L.A. The large 2500 sq ft unit also has a full headroom 600 sq ft attic that has in the past served as a 5th bedroom. It also has its own balcony. Be the person who jumps on this opportunity before everyone else finds out about it!
Listing description from the January 2021 sale, as reported to CRMLS.
Sale history
