Description
Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and permits will be sent upon request. Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and permits will be sent upon request.
-
14BEDS
-
0.14ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and permits will be sent upon request. Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and permits will be sent upon request.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.