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Excellent Echo Park Investment/Development Opportunity – $550,000

Echo Park, Los Angeles, CA, USA
Triangle 1 Created with Sketch. Great Deal Alert Triangle 1 Created with Sketch. $550,000 - House
1600 sq ft

For someone who likes adventure, knows what they’re doing, and potentially wants to make a lot of money, here is an excellent property for you. Here’s what it is, and what the opportunities are:

a) It is three separate parcels. First parcel has a major fixer house 1600 sq ft two story house on it. Can be fixed up for an estimated $200K, and then sold for an estimated $900K, or rented for approx. $4K/mo.

b) Two additional vacant parcels, small, where one can build two small houses that would each sell for approx. $550K and probably cost less than half that to build. Estimated profit for entire project, if one sold all three, would be minimum $500,000.

n.b. – There is freeway noise. However, there are also spectacular views to offset that factor, as well as a very rustic secluded setting. If you have questions or want more info, call me anytime and I will help you out.

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