Listed By:
Josh Hodeda with eLAvate,Inc.;
Address
807 Waterloo Street, Los Angeles, CA
Price
$ 1,195,000
Property Attributes
  • MLS#23267985
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake - Echo Park
  • Zip90026
  • StyleCraftsman
  • Price$ 1,195,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2058
  • Lot Size6,307 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Bread and butter craftsman duplex for sale in the Silver Lake/Echo Park area built in 1912 with tremendous upside and great investment opportunity! Spread across a 6,308 square foot lot, there is a separate structure behind the duplex containing four single car garages. The four single car garages are not being rented (NOT being used by tenants) and can potentially be converted to ADU's for additional rentals and income. Buyer to conduct their own investigation and due diligence. Both units are rented at below market rents and require major remodeling. Both units have a bedroom that may be unpermitted by the Los Angeles Department of Building and Safety but has cleared recent LAHD code enforcement inspection. Both units have their own washer and dryer and gas water heater. Total living area is approximately 2,058 square feet. Separately metered for electricity and gas. Interior unit photos available upon request. Property will be sold as is with existing tenants in place. The property is subject to LA RSO (rent control) with rent increases allowed to resume in 2024. The adjacent 5 unit apartment building at 801 Waterloo St., MLS# 23-270095, is also for sale offered at $1,475,000 with a 6,306 square feet lot size. There is a separate structure with 3 single car garages not being used by tenants and can potentially be converted to ADU's for additional rentals and income. The total lot size of both properties combined is approximately 12,614 square feet allowing for a prime future potential development opportunity.

Price History
5/15/2023 Listed $1,195,000

General Features

Sewer Other
Heating FloorFurnace
Possession CloseOfEscrow
Appliances Refrigerator,Dryer,Washer
Zoning LARD1.5
Garage Spaces 4.0
Architectural Style Craftsman
Pool Features None
Security Features CarbonMonoxideDetectors,SmokeDetectors
Year Built 1912
Tenant Pays Electricity,Gas,TrashCollection
View None
Gross Income 29460.0
County Los Angeles
Net Operating Income 27217.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Special Listing Conditions Standard
Status ActiveUnderContract
Directions North of 101 freeway,west of N. Alvarado St. Between Rosemont Ave. and Coronado Terrace.
City Los Angeles
Disclosures RentControl
View Y/N No
Senior Community Y/N No
Total Units 2
MLS Area C21 - Silver Lake - Echo Park
Lot Size Square Feet 6308.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Waterloo
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Property Condition RepairsMajor
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 24
Standard Status ActiveUnderContract
Occupancy Description Tenant
MobileHomeRemainsYN No

Interior Features

Fireplace Features LivingRoom
Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix Street
Total Bedrooms 2
Electric On Property Y/N No
Total Baths 2

Exterior Features

Parking Features SharedDriveway
Total Parking 4.0
Lot Size Area 6308.0
Number of Buildings 2
Spa No
Building Area Total 2058.0
Lot Size Acres 0.1448
Lot Size Units SquareFeet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90026

Price
AVG $2.01M
$1.2M
Visits
AVG 104
364
Data Provided by Inside Real Estate®
Year Built
AVG 1939
1912
Walkscore
AVG 85
93
Data Provided by Walkscore® not using MLS data