Multifamily
1259 Vin Scully Avenue
1259 Vin Scully Ave, Los Angeles, CA 90026
Listing Price: $975,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment building located at 1259 Vin Scully Avenue in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket.
Over the past decade, Echo Park has become one of the most desirable neighborhoods in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A
Situated on a 6,758 square foot parcel, the property comprises of two one-bedroom units, two two-bedroom units, and one three-bedroom unit.
The property’s irreplaceable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1259 Vin Scully Avenue an excellent acquisition opportunity for investors.
1259 Vin Scully Avenue
Investment Highlights
- There is 151 Percent Remaining Rental Upside Through Interior Renovations
- Located in a Highly Desirable Sub-Market Within Echo Park - Residents Enjoy Convenient Access to Employment Centers, Retail, Nightlife and Entertainment
- The Property is Being Offered for Sale at an Extremely Attractive Basis of Under $200,000 Per Unit
- A Favorable Unit-Mix, Offering One, Two and Three Bedroom Units
Exclusively Listed By
Financing By
Listing Price: $975,000
Investment Highlights
- There is 151 Percent Remaining Rental Upside Through Interior Renovations
- Located in a Highly Desirable Sub-Market Within Echo Park - Residents Enjoy Convenient Access to Employment Centers, Retail, Nightlife and Entertainment
- The Property is Being Offered for Sale at an Extremely Attractive Basis of Under $200,000 Per Unit
- A Favorable Unit-Mix, Offering One, Two and Three Bedroom Units
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment building located at 1259 Vin Scully Avenue in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A Situated on a 6,758 square foot parcel, the property comprises of two one-bedroom units, two two-bedroom units, and one three-bedroom unit. The property’s irreplaceable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1259 Vin Scully Avenue an excellent acquisition opportunity for investors.
Exclusively Listed By
Financing By
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