Sold $495,000 - Duplex
The current owner says you can get $2500 rent in each of these 1 bed 1 bath 1000 sq ft units. Truthfully, no one really knows right now, but given the eclectic and fascinating feel of this property I would definitely not rule out that possibility. If one could get that amount, then it ‘pencils out’ handsomely.
Unique Echo Park Duplex – This Could Be A Cool Income Proeperty – $495,000 – For The Right Buyer
Up front…this one is not for the faint of heart. It is in a somewhat edgy part of Echo Park. However, it is such a cool property that it is a bit like an ‘oasis’ in the middle of the ‘urban desert.’ Plus, it is very secure and somewhat secluded. Add to that, the neighborhood has some cool character, and, like everything in between the heart of Echo Park and downtown, is turning rapidly in a positive direction.
The current owner says you can get $2500 rent in each of these 1 bed 1 bath 1000 sq ft units. Truthfully, no one really knows right now, but given the eclectic and fascinating feel of this property I would definitely not rule out that possibility. If one could get that amount, then it ‘pencils out’ handsomely. Or, it could be an amazing owner/user property where one would enjoy a tremendously defrayed monthly payment due to the rental income.
