308 East Edgeware Road
$899,999
2
2
1,058
1,058
$851
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...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.
- Listed by Adam Armienta • DRE #02139042 • Brokerage DRE #01883938 • Douglas Elliman
Property Details for 308 East Edgeware Road
Zoning
LACW
Parcel Number5160020038
Total Units2.0
Living Area1058
Source Living AreaAssessor
AreaSilver Lake (671)
Vacancy Rate0.5
Lot Size Area4179
LISTING UPDATED: 11/01/2024 12:01 AM
Property Details for 308 East Edgeware Road
Status | Active |
---|---|
MLS # | 24-456443 |
Days on Market | 29 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1936 |
Lot Size | 0.10 AC / 4,179 SF |
County | Los Angeles County |
Building Information for 308 East Edgeware Road
Stories-Residences-Year Built1936Building Size-Lot Size0.10 AC / 4,179 SF
Property Information for 308 East Edgeware Road
Property History for 308 East Edgeware Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 308 East Edgeware Road
Taxable ValueLand$368,653Additions$159,295Total$527,948
Tax Record2024$6,569 ($547 / month)
Home Facts
Total Finished SqFt1,058 SqFtAbove Grade Finished SqFt1,058 SqFtLot Size4,177 SqFtStyleDuplexYear Built1936ZoningLACWCountyLOS ANGELESAPN5160-020-038
Schools near 308 East Edgeware Road
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Betty Plasencia Elementary School PublicK to 5 | ||
Sal Castro Middle School Public6 to 8 | ||
Belmont Senior High School Public9 to 12 | ||
Miguel Contreras Learning Complex School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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