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1457 Ridge Way, Los Angeles, CA, USA, 90026

  • Posted: 5/15/2017 7:27:16 PM

6

Bedrooms

4

Bathrooms

3356

sqft (approx)

Neighborhood: Angelino Heights

$1,200,000 USD

$200,000 PRICE REDUCTION! MVP Commercial Investment Real Estate is pleased to present the Ridge Way Apartments: a four (4) unit multifamily investment opportunity located in Angelino Heights, a small sub-market of Echo Park in the county of Los Angeles. These craftsmen style duplexes were built in 1906 and 1913. Both buildings make up 3,356 SF of living area. The property features two (2) spacious two bedroom / one bath units and two (2) one bedroom / one bath units and is situated on a 7,419 SF lot zoned R-2. The property is separately metered for electricity and master metered for gas. Each unit has their own individual water heater. All units are currently occupied. The property is in an amazing location with tremendous rental upside that a new owner/investor can take advantage of by remodeling the interior and exterior of the building to achieve strong market rents. The property is located in Angelino Heights just Southeast of the Intersection of Sunset Blvd and Echo Park Ave.