2126 Santa Ynez St, Los Angeles, CA 90026

2126 Santa Ynez St, Los Angeles, CA 90026

Los Angeles, CA

Property Description

Offering a 4.20% Cap Rate on current rents; 2126 Santa Ynez St. has a charming Spanish style house in front and beautiful Craftsman home in the back. Both have private yards and have been updated impeccably.

2-bed/2-bath and 2-bed/1-bath homes on a lot in Echo Park. A five minute walk to the lake and all the hottest music venues, trendy bars, coffee shops, and lively nightlife scene.

There are (2) parking spaces uncovered beside the front house and plenty of street parking on Santa Ynez Street.

Each house has their own washer/dryer and is receiving strong rents.

This is the perfect opportunity for any investor looking to own a turn-key, cash flow positive, investment in an upcoming and popular neighborhood.

<strong>Investment Highlights:
</strong>• (1) 2-bed/2-bath; (1) 2-bed/1-bath homes on one lot<strong>
</strong>• The property has updated plumbing and electric
• Both homes receiving strong rents<strong>
</strong>• (2) parking spaces total, each unit has own washer/dryer
• (2) Private backyards<strong>
</strong>• Upgraded extensively
• Strong tenant pool<strong>
</strong>• Separately metered for gas and electric
• Close proximity to Echo Lake and<strong> </strong>lively downtown

Property Features

  • Sale Price: $1,200,000
  • Area Size: 1,800 SF
  • Land Area: 4,994 SF
  • Year Built: 1926
  • Closing Date: 11/27/19
  • Units: 2
  • Current GRM: 15.89
  • Current Cap Rate: 4.20%
  • Market GRM: 14.93
  • Market Cap Rate: 4.58%

Lyon Stahl Investment Real Estate

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