2208 W Court Street

    Los Angeles (City), CA 90026
    • $449,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 18363226
    Price Reduced
    $449,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 884
      SQFT
    • $508
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    2208 W. Court Street is a true value add opportunity situated in Echo Park, one of the hottest zipcodes in Los Angeles and offers the astute investor tremendous rental upside potential.This property is perfectly positioned for an Owner/User or Investor. The asset consists of (2) Two One Bedroom and One Bathroom units. One unit will be delivered vacant.The location of this building offers residents an impressive array of entertainment, lifestyle and retail amenities. Within minutes, residents can enjoy boutique shops, chic restaurants, cool meeting spots and artistically inclined venues. Given the property's prime location and significant value-add component, 2208 W Court Street is an ideal investment for a value add investor or owner/user who will reap the benefits of renovations that will attract residents who will pay market rents. Probate Sale Subject to Court Confirmation & Overbid.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85467418

    2208 W Court Street Los Angeles (City), CA 90026

    • Price: $449,000
    • Status: Active
    • ID#: 18363226
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    884
    SQFT
    $508
    $/SQFT
    1925
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    2208 W. Court Street is a true value add opportunity situated in Echo Park, one of the hottest zipcodes in Los Angeles and offers the astute investor tremendous rental upside potential.This property is perfectly positioned for an Owner/User or Investor. The asset consists of (2) Two One Bedroom and One Bathroom units. One unit will be delivered vacant.The location of this building offers residents an impressive array of entertainment, lifestyle and retail amenities. Within minutes, residents can enjoy boutique shops, chic restaurants, cool meeting spots and artistically inclined venues. Given the property's prime location and significant value-add component, 2208 W Court Street is an ideal investment for a value add investor or owner/user who will reap the benefits of renovations that will attract residents who will pay market rents. Probate Sale Subject to Court Confirmation & Overbid.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage - Three Door Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.60 Gross Multiplier 14.97 Gross Operating Income 29400.00 Improvements Amount 82792 Land Value 82792 Laundry YN Yes Net Operating Income 20837.00 Special Listing Conditions Probate Listing Total Expenses 8562.00 Zoning Lar4

    Listing provided courtesy of David Weinberger of Keller Williams Studio City and David Rothblum of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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