Echo Park duplex that needs a renovation to achieve top of market value.
The home has terrific views of downtown and Elysian Park.
Multiple comparable sales in this area exceed $1,500,000.
The home has good bones but it will need some TLC.
See photos.
3 Bedrooms / 2 Bathrooms
1,612 SF Home
3,204 SF Lot
Built in 1914
Zoning: LARD2 / DUPLEX
Two electric meters
INTERIOR:
Main House located upstairs:
2 bedrooms / 1 bathroom.
Open floor plan with kitchen, dining, and living room.
The kitchen is original and will need to be updated.
Flooring throughout will need to be replaced.
Laundry room is located inside the house.
The bathroom is older and will need an update.
The upstairs has a large rock fireplace with lots of original character.
Dowstairs unit:
1 bedroom / 1 bathroom.
Plumbing for a kitchenette is installed and ready.
The homeowner removed the old cabinets and countertops to update the downstairs but never completed the job.
The bathroom will need an update and a reconfiguration.
The floor to the bathroom currently has a setup up.
The raised foundation for the bathroom will need to be leveled to match the existing height.
This will allow a higher ceiling height and a more functional bathroom.
EXTERIOR:
The roof is 30 years old.
Fascia is showing signs of termite or wood rot.
Wood siding is aged.
Foundation on the left side of the front of the house shows some cracks in it.
The foundation may need to be addressed.
Windows are original.
Two water heaters located on the property.
One will need to be replaced and the other is 3 months old.
AC/Furnace for the main house (upstairs) is 30 years old.
Downstairs unit has a wall heater only.
No AC.
Driveway fits 3 cars next to the house.
Two separate electrical meters on the property.
One meter was last updated 14 years ago.
Plumbing is copper.
Rehab:
We have an estimated rehab for this property for $100 per sqft at $150K for rehab.
Highlights:
- Very low inventory in the pocket.
- Great views from the front of the house.
David 424-256-021SIXXXXXXxx
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