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    1421 Ridge Way

    Los Angeles, CA 90026
    • $1,500,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: SR20158670
    UPDATED: 41 min ago
    $1,500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,317
      SQFT
    • $347
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    REDUCED $300,000 AND NOW PRICED FOR FAST SALE! Probate. Subject to Court Confirmation. Tremendous opportunity to purchase a character rich 5 unit, early 1900's multi-residential property in the heart of historic Angelino Heights HPOZ Zone. Ideal for investor or owner-user. Below market rents gives buyer tremendous upside potential for income growth. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails and Echo Park Lake. Convenient access to the 101 and 110 Freeways, and close to the business hubs of Downtown and Hollywood. Set back on a knoll overlooking the street, this property has been recently upgraded. The main 2-story building has a new roof and has been recently painted. It has 4 units, all 1 bedroom, 1 bath with direct access to exterior. This building includes a beautifully renovated owners unit. If that werent enough, this great property also features a stand-alone , quaint 1 bedroom, 1 bath cottage ideal for owner/user or premium tenant. Echo Park has been called the trendiest neighborhood in Los Angeles, and Angelino Heights is an architectural jewel within this area. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Offers subject to interior inspection. Hurry...won't last!

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    Based on information from CRISNet MLS as of 2020-09-22T13:56:05.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-22T13:56:05.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/108672519
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    1421 Ridge Way Los Angeles, CA 90026

    • Price: $1,500,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: SR20158670
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,317
    SQFT
    $347
    $/SQFT
    1911
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    REDUCED $300,000 AND NOW PRICED FOR FAST SALE! Probate. Subject to Court Confirmation. Tremendous opportunity to purchase a character rich 5 unit, early 1900's multi-residential property in the heart of historic Angelino Heights HPOZ Zone. Ideal for investor or owner-user. Below market rents gives buyer tremendous upside potential for income growth. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails and Echo Park Lake. Convenient access to the 101 and 110 Freeways, and close to the business hubs of Downtown and Hollywood. Set back on a knoll overlooking the street, this property has been recently upgraded. The main 2-story building has a new roof and has been recently painted. It has 4 units, all 1 bedroom, 1 bath with direct access to exterior. This building includes a beautifully renovated owners unit. If that werent enough, this great property also features a stand-alone , quaint 1 bedroom, 1 bath cottage ideal for owner/user or premium tenant. Echo Park has been called the trendiest neighborhood in Los Angeles, and Angelino Heights is an architectural jewel within this area. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Offers subject to interior inspection. Hurry...won't last!
    Exterior Features

    Lot Features LandscapedUp Slope From Street Lot Size Area 6393.0000 Parking Features Street Parking Total 0.00 Parking YN No

    Interior Features

    Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring See RemarksWood Laundry Features See RemarksWasher Hookup Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Urban Electric Expense 0.00 Fuel Expense 0.00 Gross Income 78178.00 Gross Operating Income 78178.00 Gross Scheduled Income 78178.00 Insurance Expense 1340.00 Land Lease YN No Maintenance Expense 4080.00 Net Operating Income 58631.00 New Construction YN No New Taxes Expense 22500.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 5 Operating Expense 0.00 Pool Features None Pool Private YN No Professional Management Expense 9000.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Probate Listing Tenant Pays ElectricityGasWater Total Expenses 19547.37 Trash Expense 0.00 Water Sewer Expense 2366.50 Water Source Public Zoning Lar2

    Listing provided courtesy of Anngel Benoun, CA DRE# 01014735, of Dilbeck Real Estate.


    Based on information from CRISNet MLS as of 2020-09-22T13:56:05.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-22T13:56:05.983. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377