430 N Bixel St, Los Angeles, Los Angeles County, CA, 90026 Los Angeles CA US

430 North Bixel Street, an 8 Unit apartment located in Echo Park (90026), has a current Cap Rate of 5.0 with nearly 60% rental upside (Pro Forma Cap Rate of 9.4, Pro Forma GRM of 8.3) making it one of, if not the only, multi-family properties on the market at a 5 Cap with significant upside. The property was built in 1923 and consists of 8 apartments units within four separate structures and is sited on a 7,418 square foot street-to-street parcel facing both Bixel and Firmin Streets. The four units on Bixel Street are the quintessential L. A. bungalow style and each unit features a generous layout with 1- bedroom and 1-bathroom. The four units on Firmin Street are larger units and consist of Four (4) 1-bedroom (plus Dens) and 1-bathroom. Three of the eight units have been renovated and the property demonstrates a proven concept that a meaningful renovation will achieve an exceptional market rent. Find out more about this property. Request details here