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    940 New Depot Street

    Los Angeles (City), CA 90012
    • $3,100,000
    • STATUS: Active
    • ON SITE: 287 days
    • ID#: 20613120
    UPDATED: 38 min ago
    $3,100,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,060
      SQFT
    • $512
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:

    School Ratings & Info

    Description

    Recently renovated, easy-to-manage, 7 unit apartment complex in the booming Echo Park area of Los Angeles, CA, directly adjacent to Downtown LA and Chinatown. High upside in lowering expenses! Each unit consists of laminate flooring, granite countertops, new kitchens and appliances, new paint, and numerous other improvements.The property is ideally located just steps from two of Echo Parks largest future developments, Sunset/Everett and The Metropolitan Water District Project, boasting 982 residential units, a boutique hotel, and exciting new commercial space.The area is also characterized by strong household incomes and heavy automobile traffic. The apartment is conveniently located within walking distance to The Orsini, CVS, EVANS Adult College, Eastside Deli Market, Mexicali Restaurant, Orsini, Burger King, CVS, Jack n the Box, Dodger Stadium, close to the freeway

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T22:35:40.89. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/108520533
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    940 New Depot Street Los Angeles (City), CA 90012

    • Price: $3,100,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 20613120
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,060
    SQFT
    $512
    $/SQFT
    1983
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Recently renovated, easy-to-manage, 7 unit apartment complex in the booming Echo Park area of Los Angeles, CA, directly adjacent to Downtown LA and Chinatown. High upside in lowering expenses! Each unit consists of laminate flooring, granite countertops, new kitchens and appliances, new paint, and numerous other improvements.The property is ideally located just steps from two of Echo Parks largest future developments, Sunset/Everett and The Metropolitan Water District Project, boasting 982 residential units, a boutique hotel, and exciting new commercial space.The area is also characterized by strong household incomes and heavy automobile traffic. The apartment is conveniently located within walking distance to The Orsini, CVS, EVANS Adult College, Eastside Deli Market, Mexicali Restaurant, Orsini, Burger King, CVS, Jack n the Box, Dodger Stadium, close to the freeway
    Exterior Features

    Carport Spaces 7 Carport YN Yes Direction Faces South Parking Features Attached CarportGarageGuestOn StreetTandem Parking Total 7 View City Lights View YN Yes

    Interior Features

    Appliances Gas CooktopGas OvenMicrowaveOvenRefrigeratorVented Exhaust Fan Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate

    Property Features

    Community Features Gated Garage YN Yes Gross Income 209400 Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 166069 Possession Close Of Escrow Property Condition Updated/Remodeled Security Features Security GateGated CommunityKey Card Entry Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasInsurance Vacancy Allowance Rate 0 Zoning Lar4

    Listing provided courtesy of Eon Lew of District Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T22:35:40.89. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    The Bhagat Group
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    Torrance CA, 90505