Listing provided courtesy of Adam Armienta of Douglas Elliman. Last updated 2024-11-22 09:11:45.000000. Listing information © 2024 CRMLS.
Asking Price: $899,999
308 Edgeware, Los Angeles CA 90026
Community: C21 - Silver Lake - Echo Park
Status: Active
This property was built in 1936 and is priced at $899,999. Please see the additional details below.
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.