Prime Echo Park Duplex – Vacant

Great Deal Alert $1,200,000 - Duplex
2000 3 Bedrooms2 Bathrooms  Add to Favorites Print

I know it has been a while since you have heard from me about a great deal. It’s been a bit tight in the marketplace, but I believe I have something here which, for the right buyer, could be awesome.

First of all, it is an “off market” opportunity, and we always love that. When they eventually put it on the market, it looks like they plan to offer it for $1.1 million and are hoping for a bidding war. Hence the $1.2 million figure I have here. But it is being delivered vacant and is in good shape. They have updated all the systems so you should only be spending money on cosmetic. I am “guess-timating” $70K; it could be even less.

I believe that once you have updated it, you will get possibly as much as $5,000 for the large unit at ground level. It needs to be made into a 3-bed, 2-bath, but it is large—over 2000 sq ft. For the upper unit, which is a 2-bed, 700 sq ft, you will get mid-to-high $2000s. It has plenty of parking, yard space and views.

Let me know if you are interested and I will help you get it.

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