Beautifully maintained 7-unit multifamily property located in the desirable Echo Park neighborhood of Los Angeles. Built in 1983, this ±6,060 square-foot building sits on a ±6,091 square-foot LAR4-zoned lot and features a well-designed mix of spacious units with gated on-site parking and shared laundry facilities. The property has received recent upgrades to both the exterior and interior units, enhancing overall appeal and tenant satisfaction. It offers stable income performance with room for long-term appreciation and future value growth. Ideally positioned near Downtown Los Angeles, major transportation routes, restaurants, and neighborhood conveniences, this property presents an exceptional opportunity to own a quality multifamily asset in a prime Los Angeles location.
Echo Park is located in California. Echo Park, California has a population of 1,951,220.
The median household income in Echo Park, California is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Echo Park is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.
