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977 Marview Avenue, Los Angeles, CA 90012 (MLS # 21798316)

Price $1,765,000
Status Active
Beds 0
Baths 0 Bath
Home size 3,574 sqft
Lot Size 4,356 sqft
Days on Market 44
We are pleased to present 977 Marview Ave, a five-unit opportunity located in the highly sought-after cusp of the Chinatown and Echo Park submarkets of Northeast Los Angeles. The property sits on a 4,477 square foot lot with recently touched up units, consisting of four one-bedroom units and one studio unit. Being on the cusp of two hot submarkets, the subject property is positioned to take full advantage of the high-demand rental market of Echo Park and the low-inventory of Chinatown. Delivered with 2 vacant units with most renovations complete, the incoming buyer is poised to take immediate advantage of all the major economic momentum around the subject property with their own vision of enhancements without much capital. Given the continued growth of the Echo Park and Chinatown submarket, the urban atmosphere surrounding the subject property, and the additional value-add opportunity, 977 Marview Ave represents an offering for investors seeking an asset that is poised to provide long-term returns and steady appreciation.
Property Type(s): Residential Income
Last Updated 11/18/2021 Year Built 1923
Community Silver Lake - Echo Park County Los Angeles

Additional Details

APPLIANCES Dryer, Washer
AREA Silver Lake - Echo Park
GARAGE Assigned, Driveway, Driveway Down Slope From Street
HEAT Wall Furnace
HOA DUES 0
LOT 4477 sq ft
PARKING Assigned,Driveway Down Slope From Street,Driveway
STORIES 2
ZONING LAR3

Location

 

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Listing provided by : Sevak Keshishian CalDRE: 01887505 | 818-212-2694, Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of 12/4/21 3:29 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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