1421 Ridge Way
Los Angeles, CA 90026
For Sale $1,500,000 Probate Sale Subject to Court Confirmati

Listed By Anngel Benoun/Randye Saunders/ Eddie Hallman

  • Property Status: Active
  • Bedrooms: 5
  • Bathrooms: 5
  • Property Type: Multi-Plex
  • Interior Size: 4317 sq. ft.
  • Lot Size: 6393
  • Year Built: 1911
ANGELINO HEIGHTS TREMENDOUS INCOME UPSIDE
 
REDUCED $300,000 AND NOW PRICED FOR FAST SALE! Probate. Subject to Court Confirmation. Tremendous opportunity to purchase a character rich 5 unit, early 1900's multi-residential property in the heart of historic Angelino Heights HPOZ Zone. Ideal for investor or owner-user. EXTENSIVE RENOVATIONS COMPLETED THAT OFFSET Below market rents gives buyer tremendous upside potential for income growth. UNDER $350/SQ. FT. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails and Echo Park Lake. Convenient access to the 101 and 110 Freeways, and close to the business hubs of Downtown and Hollywood. Set back on a knoll overlooking the street, this property has been recently upgraded. The main 2-story building has a new roof and has been recently painted. It has 4 units, all 1 bedroom, 1 bath with direct access to exterior. This building includes a beautifully renovated owner’s unit. If that weren’t enough, this great property also features a stand-alone , quaint 1 bedroom, 1 bath cottage ideal for owner/user or premium tenant. Echo Park has been called the trendiest neighborhood in Los Angeles,and Angelino Heights is an architectural jewel within this area. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Offers subject to interior inspection.
Hurry...won't last!
 
 
Unit Mix:
1: 1 +1 Unfurnished $1,300      Pro-forma Rent: $2,350
2: 1 +1 Unfurnished $1,591      Pro-forma Rent: $2,200
3: 1 +1 Unfurnished $792         Pro-forma Rent:  $2,200
4: 1+1 Unfurnished $2,345       Pro-forma Rent:  $2,345
5: 1 +1 Unfurnished $811         Pro-forma Rent:  $2,200
Anngel Benoun/Randye Saunders/ Eddie Hallman's Picture
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Anngel Benoun/Randye Saunders/ Eddie Hallman
Phone: 818.728.2396
Fax: 818.728.2345
License #: 01014735
Company: Dilbeck Realtors