1817 Bellevue Ave, Los Angeles, Los Angeles County, CA, 90026 Los Angeles CA US

1817 Bellevue is an eight (8) unit investment opportunity in the heart of Echo Park. Consisting of six (6) studio stand-alone-bungalow structures and two (2) two- bedroom units, the property offers close to forty (40%) percent upside in rents. The two-bedroom units are townhome style spanning across two stories. The bungalow units in the front do not share any walls with other units which add to the allure of the opportunity. A studio bungalow unit can potentially be delivered vacant at the close of escrow. In addition, there is an attractive assumable financing component that can be offered to a qualified buyer with a fixed rate till 2027. 1817 Bellevue is less than 2 blocks from Echo Park Lake and only a couple minutes walking distance to Sunset Boulevard. The property is being offered at a CAP rate that is higher than the cost of financing, which is relatively difficult to find in today's market. Find out more about this property. Request details here