1126 White Knoll Drive, Los Angeles, CA 90012
1126 White Knoll Drive, Los Angeles, CA 90012
1126 White Knoll Drive, Los Angeles, CA 90012
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$998,000
Est. payment /mo
4,351 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID MB26111563

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1921

Lot Size 4,351 Sqft

Property Sub-Type Mixed Use

Property Description

Echo Park Hillside Investment Opportunity with Significant Upside Potential 5 -unit multifamily property perched in the hills just off Sunset Blvd, in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.Featuring three 1-bedroom units and two studio units, offering a coin operated laundry facility , skyline views and surrounded by privacy and hillside charm ,this prooperty provides a living environment that is increasingly difficult to replicate.
A standout feature is the presence of 4 Detached storage structures or garages each approximately 300 square feet, creating a unique opportunity for an investor to reimagine the site. Potential exists to reconfigure portions of the parking and storage units , possible ADU opportunities (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of existing cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47
Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Rooms

Other Rooms Shed(s), Storage

Interior

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features On Site, Off Street, See Remarks

Pool None

Community Features Hiking, Street Lights, Urban

View Y/N Yes

View City Lights, Hills, Landmark, Panoramic

Total Parking Spaces 5

Private Pool No

Building

Lot Description Corner Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories One

Additional Building Shed(s), Storage

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5406018013

Energy Description 501.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by JOSEPHINE SAN LUCAS KELLER WILLIAMS LARCHMONT 562-843-8748, DRE #01308257

NEARBY SCHOOL & BUSINESS

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