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  • 316 N BIXEL ST LOS ANGELES
  • Listing Price: $635,000 Sold Price: $607,000
    Beds: 8  |  Baths: 8
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    • MLS#: 14-747145
    • APN#: 5160-021-022
    • Status: Sold
    • Lot Size: 3276
    • Sq Ft: 3704
    • Beds: 8
    • Baths: 8
    • Style: N/A
    • Year Built: 1910
    • Subdivision:  
    • Roof: N/A
    • Spa: N/A
    • Tennis: N/A
    • Laundry: N/A
    • Heat: Other
    • Air: Other
    • Property Type: Income
    • Sale Type: Standard
    • Land Type: N/A
    • Lease Amount: N/A
    • Lease Exp: N/A
    • HOD: N/A
    • Area: Silver Lake - Echo Park 
    • City: LOS ANGELES
    • Zip code: 90026
    • Map: 634/E2
    • View: N/A
    • Waterfront: N/A
    • Sewer: N/A
    • Parking # N/A
    • Security: N/A
    •    
    • Amenities: N/A
    • Pool:
    • Floor: N/A
    • Rooms: N/A
    • Fireplace: N/A
    • Parking: None

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Situated south of West Temple Street and east of Glendale Boulevard, the property is well positioned in an attractive Echo Park location. Echo Park is east of Hollywood and west of Downtown Los Angeles in a very desirable area. Nearby amenities include the Echo Park Lake, trendy cafes, shops, and restaurants. As a continuously redeveloping area with attractive amenities, Echo Park attracts young professionals, and new families who are moving east, which has supported rent growth and strong occupancy. Built in 1910, the subject property presents a unit mix of four single units and four one-bedroom/one-bathroom units.The property is separately metered for gas and electricity. Due to its vintage, the property is subject to the Los Angeles Housing Department's Rent Stabilization Ordinance. Offering huge rental upside potential, an investor can capitalize on the value-add opportunity in a strong location adjacent to Downtown Los Angeles.
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Last Updated: 3/4/2015 5:07:51 PM
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