Great Deal Alert
3 Detached Homes on Two Parcels | Offered at $2.6 Million
I’m offering a rare off-market (“pocket”) listing in Prime Echo Park that represents a compelling opportunity for the right buyer.
This is a distressed sale where the owner must sell quickly and, as a result, cannot place the property on the open market. For this reason, the property is being offered well below market value. Zillow currently estimates the market value at approximately $3,212,000—and in this case, that valuation appears reasonable.
The property consists of two separate parcels that function together as a private, cohesive compound. Both parcels must be purchased together.
Parcel One:
• Stand-alone 3-bedroom / 2-bath home
• Approximately 1,300 sq ft
• Thoroughly and beautifully renovated (see attached photos)
Parcel Two:
• 3-bedroom / 2-bath home, approx. 1,502 sq ft, fully renovated
• 2-bedroom / 2-bath home, approx. 1,000 sq ft, unrenovated but in very good condition (cosmetic updates only)
The two renovated homes are currently tenant-occupied at $5,000 and $5,200 per month, respectively, and can be delivered vacant at buyer’s option. The unrenovated home has a long-term legacy tenant paying $1,460 per month.
Additional highlights include:
• 8 parking spaces, including two carports
• Elevated, secluded setting with excellent privacy
• Spectacular views of Downtown Los Angeles and beyond — on clear days, all the way to the ocean
• Quiet environment with most of the usable land being flat
If you—or someone you know—may have interest, I’m happy to share additional details.
2042 N Alvarado St, Los Angeles, CA 90039
More Photos
