Ross Multifamily is pleased to present a four-unit multifamily property located at 1305 Waterloo St, right in the heart of the Echo Park. This property, built in 1936 is quite eclectic and consists of 3 separate structures joined by a central courtyard. The unit mix includes a large 4 bedroom 3 bathroom house, a 4 bedroom 1.5 bathroom and two 2 bedroom 1 bath units.
Important to note that one of the 2 bedroom units can be delivered vacant. There is also potential upside in the courtyard to create a premium amenity for tenants as well. This is a great opportunity for the value focused investor to own a premium property in the trendy and booming Echo Park.
Boasting a walking score of 87 (Very Walkable), tenants will enjoy a short walk to Sunset Blvd where you will find hot spots such as Mohawk Bend, Elf Café, the iconic Echo, and the Echoplex. In addition, there is a tremendous amount of high-end development underway within walking distance, including the Mohawk Collective, which will boast 22,000 square feet of premium luxury retail space. The property is also just a half mile to the trendy and scenic Echo Park Lake which recently received a $45MM makeover in 2013 and now features Pedal Boats & Picnic Tables.