Los Angeles (City), CA 90026
Marcus & Millichap, as the exclusive listing agent, is pleased to present a four-unit multifamily property located at 1305 Waterloo St. Nestled right in the heart of Echo Park, the property is in walking distance to beautiful Echo Park Lake, which recently went thru a $45mm makeover. This property, built in 1936 consists of 3 separate structures joined by a central courtyard. The unit mix includes a large 4 bedroom 3 bathroom house, a 4 bedroom 1.5 bathroom house, and two 2 bedroom 1 bath units. This property offers huge rental upside potential, as well as potential to improve the courtyard and create a premium amenity for the tenants. In addition, there is a tremendous amount of new development within walking distance including the Alexan South Echo, a 200 unit apartment building featuring an additional 22,000 SqFt of retail space. ~Important to note that one of the 2 bedroom units can be delivered vacant.
Joshua Ross with Marcus & Millichap
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