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2126 Santa Ynez St, Los Angeles, CA 90026

$1,200,000

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.

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

Property Downloads

Address

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on August 28, 2019 at 9:48 pm

  • Price: $1,200,000
  • Property Size: 1,800 Sq Ft
  • Land Area: 4,994 Sq Ft
  • Garage Size: 2
  • Year Built: 1926
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 2
  • GRM: 15.89
  • CAP RATE: 4.20%
  • Market GRM: 14.93
  • Market CAP RATE: 4.58%

Contact info

Brandon Kraus
Brandon Kraus
(707) 478-2140
Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
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