Real Estate Listings & Homes for Sale

Save
Ask
Tour
Hide
Share
$1,900,000
86 Days Online

1817 Bellevue Avenue
Los Angeles, CA 90026

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Eric Dilanian of Remax Commercial and Investment Realty

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (866) 538-6057
Is this the home for you? We can help make it yours.
(866) 538-6057
1817 Bellevue Avenue1817 Bellevue Avenue1817 Bellevue Avenue1817 Bellevue Avenue
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$12,452
Calculator powered by Showcase IDX. Copyright ©2022 Information is deemed reliable but not guaranteed.

** 2 Units Delivered VACANT ** We are pleased to present for sale, "The Echo Park Bungalows" a rare 8 Unit Spanish Style Multifamily investment opportunity in Echo Park, one of LA's hottest rental locations! For the first time on the market in 19 Years, 1817 Bellevue, offers investors a robust in place return of 5.30% Cap Rate and 4.6% Cash-on-Cash return (with Chase Assumable Financing Available), while having a 39% Upside Potential. 6 of the 8 units are completely detached Bungalows with in-unit laundry each comprised of spacious studio units, with (2) bungalows being delivered VACANT. 2 of the 8 units are spacious 2 Bedroom & 1 Bathroom Town Home Units situated at the rear of the lot. The Echo Park Bungalows are built in 1916 and have a total square footage of 2,716 SF, situated on a lot size of 5,611, and zoned RD1.5.The property is strategically positioned on a high point, providing stellar views of DTLA to high-paying tenants. The investment has been well taken care of with select units having new floors and stainless steel appliances. Located in a vibrant and lively nightlife scene and walking distance to Echo Park Lake and Famous Sunset Blvd's retail corridor which is home to a number of trendy bars, retail, and coffee shops. The Echo Park Bungalows are considered "Walkers Paradise" with a (96) walk-score, where daily errands don't require a car. This rare opportunity is poised for an investor looking to capture strong in place returns on a supply-constrained product in a booming area where prices have appreciated Year-over-Year." The Echo Park Bungalows" might be a once in a lifetime life opportunity to acquire. Buyer to conduct any/all due diligence including but not limited to the square footage, lot size, and zoning. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,900,000
Days Online 
86 Days
Bedrooms 
4
Inside Area (SqFt) 
2,716 sqft
Total Baths 
8
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1288 Acres
Year Built 
1916
MLS Number 
22176549
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
3 months agoListing first seen online
General Features
Parking Spaces 
0
Number of Stories 
0
Acreage 
0.1288
Zoning 
LARD1.5
Listing Conditions 
Standard
Interior Features
Cooling 
Wall Window Units
Heating 
Wall Furnace
Save
Ask
Tour
Hide
Share
Community Features
Senior Community 
No
MLS Area 
C21 - Silver Lake - Echo Park
Crmls Logo Real Estate For Sale

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share
Menu