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Shhhh. Wonderful 4-Plex In Heart Of Echo Park – Not Currently On The Market – $800,000

Echo Park, Los Angeles, CA, USA
Triangle 1 Created with Sketch. Great Deal Alert Triangle 1 Created with Sketch. $800,000 - 4-Plex

The numbers are satisfactory from an investor point of view – it’s grossing about $5200/mo. But it still cash flows and, thanks to it’s charm, character and location it has tremendous upside. Plus, I have an inspection report that shows it to be clean, and I can send it to you if you are interested in the property. So if you are “that investor” and you love Echo Park then this is something you should seriously jump on.

I must tell you, it is getting more challenging every day to find income properties for my clients. Either the properties don’t ‘pencil out’ or, if they do, they have 20 offers ! So, imagine my delight at being able to present to you an off-market deal here that could work gorgeously for you. A client of mine was in escrow on this property but had to cancel for personal reasons. The seller elected to temporarily take it off the market for his personal reasons, but he told me he would look at any good offer I might send his way in the meantime. So you and I are the only ones who know this property is still available.

The numbers are satisfactory from an investor point of view – it’s grossing about $5200/mo. But it still cash flows and, thanks to it’s charm, character and location it has tremendous upside. Plus, I have an inspection report that shows it to be clean, and I can send it to you if you are interested in the property. So if you are “that investor” and you love Echo Park then this is something you should seriously jump on.

Of course the person this property REALLY works for is an ‘owner-user,’ i.e. someone who will live in one and rent the other three units. In this scenario, the rental income will completely cover the mortgage payment, including property tax and insurance. And the appreciation over the next few years should be wonderful.

Let me know if you want to know more or if you want to see it.

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