1401 Portia Street, Los Angeles, CA 90026 | MLS 18359424 | Listing Information | Real Living Sugar Pine Realty | Real Living Real Estate
Real Living Sugar Pine Realty
(209) 533-4242

1401 Portia Street,  Los Angeles CA, 90026

3,206 sqft
Status: Sold
MLS#: 18359424
1of
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Real Living Sugar Pine Realty
(209) 533-4242

Listing Provided Courtesy Of: Silverwood Properties
Last Updated: 9/21/2018 9:02 PM
Description for 1401 Portia Street Los Angeles, CA 90026
There are very very few quality income properties available in Prime Echo Park, but here is one for you! On the downside, there are two low rent tenants, one of whom (the 3/2) will probably not be leaving for some time. But the other one is on a waiting list for low income housing and will likely be gone within the year. These is also a newly renovated one bedroom getting market rent and another newly renovated two bed two bath that will fetch $3,000/mo once rented. Or, you can live in it! Finally, there is a half renovated two bed two bath basement (unpermitted) unit that is waiting for you to complete it. Without the basement unit, you are looking at a total of $7k/mo income right this minute. When the low income housing person moves out and you renovate that one, that will be another $1800/mo of income. The basement unit represents an additional $2500/mo of income (!) once you complete those renovations The location is fantastic and there is plenty of parking. Come get it!
Price
Sold Price:
$1,350,000
Sold Date:08/31/2018
Los Angeles
3,206 (approx)
18359424
Closed
Description
There are very very few quality income properties available in Prime Echo Park, but here is one for you! On the downside, there are two low rent tenants, one of whom (the 3/2) will probably not be leaving for some time. But the other one is on a waiting list for low income housing and will likely be gone within the year. These is also a newly renovated one bedroom getting market rent and another newly renovated two bed two bath that will fetch $3,000/mo once rented. Or, you can live in it! Finally, there is a half renovated two bed two bath basement (unpermitted) unit that is waiting for you to complete it. Without the basement unit, you are looking at a total of $7k/mo income right this minute. When the low income housing person moves out and you renovate that one, that will be another $1800/mo of income. The basement unit represents an additional $2500/mo of income (!) once you complete those renovations The location is fantastic and there is plenty of parking. Come get it!
Listing Information
Property Type: Cluster, Other
0.19 Acres 3,206 (approx) $421.09
1920
4 Total
Neighborhood
Room Information
Interior Features
3
Exterior / Lot Features
Assigned Parking Space
LARD1.5
Driving Directions
Located right off of W Sunset Blvd.
Financial Considerations
5406006035
,$29,656
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90026 has a population of 3,971,883.

The median household income in Los Angeles, California 90026 is $49,682. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Los Angeles 90026 is 34.6 years.

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Courtesy: Ken Shapiro - Silverwood Properties
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 9/21/2018 9:02 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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