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427 Firmin Street
C21 - Silver Lake - Echo Park Los Angeles 90026

$1,795,000
Residential Income beds: 12 baths: 8.0 built: 1930

Main Photo: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 1: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 2: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 3: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 4: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 5: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 6: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 7: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 8: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Photo 9: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
23271881
Bedrooms:
12
Bathrooms:
8
Year Built:
1930
Introducing an amazing investment opportunity in the heart of Echo Park - an 8 unit multi-family property located just minutes away from downtown LA and major freeways such as 110, 101, and 2. This property is on a street-to-street lot and includes 2 separate 2-story buildings. One of the buildings is located at 427 Firmin St and is comprised of 4 spacious 2-bed, 1-bath units of approximately 1200 sqft each. The other building is located at 426 N Bixel St and is comprised of 4 spacious 1-bed, 1-bath units of about 800 sqft each. This fully tenant occupied property offers incredible potential for generating long-term passive income and appreciation or development. The property is situated on a quiet street nearby local shops, restaurants, cafes, parks, and libraries. With its prime location, this property offers an incredible opportunity for investors looking to capitalize on the reliable rental market in Los Angeles. Whether you're a seasoned investor or new to the game, this property is a must-see. Don't miss out on this amazing opportunity to own a piece of Echo Park real estate!
Total Floor Area:
8,416 sq. ft.
Lot Area:
7,418 sq. ft.
Bedrooms:
12
Full Bathrooms:
0
Three Quarter Bathrooms:
0
Half Bathrooms:
0
One Quarter Bathrooms:
0
Bathrooms:
8.0 (Full:0, Half:0)
Year built:
1930 (Age: 93)
General Listing Location:
1930 (Age: 93)
County Or Parish:
Los Angeles
Gross Income:
110468.0
Net Operating Income:
51873.18
Electric Expense:
16726.0
Insurance Expense:
5461.0
Maintenance Expense:
7092.0
Taxes expense:
6225.0
Other Expense:
9098.0
Professional Management Expense:
4422.0
Vacancy Allowance Rate:
0.0
Cross streets are Temple St and Firmin St.
Number of Buildings:
2
Senior Community:
No
Num Stories:
2
New Constr.:
No
# Units:
8
Heating:
Wall Furnace
Cooling:
None
Uncovered Spaces:
4
Total Parking Spaces:
6
Parking Features:
Covered, Uncovered
Special Listing Conditions:
Standard
Parcel Number:
5160021004
Zoning:
LACW
  • Photo 1: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
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  • Photo 9: 427 Firmin Street in Los Angeles: Residential Income for sale (C21 - Silver Lake - Echo Park)  : MLS®# 23271881
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Listed by Compass
Data was last updated June 10, 2023 at 10:40 PM (UTC)