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$2,575,000
Est. payment /mo
10 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25218802
Bedrooms 10
Property Sub-Type Res Income 2-4 Units
Property Description
1400 Carroll is an an artfully restored historical triplex in the heart of Echo Park, one of Los Angeles most vibrant and sought-after neighborhoods. The property currently offers a return of 5.74%, with the existing A+ tenants paying $7,196, $5,400, and $3,502 in rent. Additionally, the property is being delivered with SHOVEL READY plans for a freestanding 2-bedroom, 2-bathroom ADU and RTI plans for a second 2-bedroom, 2.5-bathroom freestanding ADU. We project over $1 million in added value with the construction of these units. Located on Douglas Street, widely regarded as one of the most charming streets in the area, this property is just a short distance from Echo Park Lake, the iconic Baxter Street Stairs, and neighborhood favorites like Lowboy, The Echo, and Bar Flores. Fully remodeled from top to bottom, 1400 Carroll features brand-new systems, high-end custom finishes, and thoughtfully designed interiors, blending modern amenities with timeless character. The unit mix includes two 4-bedroom, 3-bath units and one 2-bedroom, 2-bath unit, all boasting in-unit washer/dryers, landscaped patio areas, and bespoke finishes that make each space truly unique. To sweeten the deal, the triplex comes fully furnished, offering a turnkey opportunity for investors or owner-users. Buyers who build the ADUs could achieve close to a 7.5% cap rate, ensuring strong returns in one of LAs hottest markets. From its prime location on a historic street and meticulous renovation to its incredible upside potential, 1400 Carroll St is a rare find in Echo Park. Dont miss this chance to own an art
Location
State CA
County Los Angeles
Zoning Seller
Direction From US-101 Freeway: Exit at Alvarado Street and head north, Turn right onto Bellevue Avenue, Turn left onto Douglas Street, and
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5405013002
Virtual Tour https://www.myunits.com/buy/715douglas
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Listed by Lauren Cearley Myunits.com Inc.
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