SOLD UPDATE: The Seller hired Dana & Robyn to maximize the value of her property so she could complete a 1031 exchange out of state. After marketing the property various times, an excellent 1031 exchange buyer closed the transaction at 100% of list price!
The Coronado Real Estate Group of KW Commercial is pleased to present for sale 1140 Sunvue Pl, a four unit apartment building that presents the opportunity to start a strong real estate investment portfolio or enhance your existing portfolio with minimal effort!
The Mid-Century Modern Quadruplex sits just above the Downtown core in the historic Angelino Heights neighborhood of Echo Park – with a walkscore of 86! The open plan layouts with wood flooring, beamed ceilings and modern kitchens and baths provides renters modern conveniences with a charming twist! All in approximately the same square-footage of just ONE of the single occupancy lofts downtown for almost half the price, AND did we mention land value? The Sunvue Pl Quadruplex sits on a street-to-street lot of 4,501 SF with four parking spaces!
Built in 1963, the building consists of 2,322 SF with (4) 1 Bed + 1 Bath apartments and is situated in a highly sought after rental area with some one bedrooms renting for north of $2,000 per month! Other features include 3/4 renovated units, separate meters, and separate hot water heaters. The property is currently 100% tenant occupied making it a turn-key investment with tremendous rental upside potential! Two blocks from Sunset Blvd surrounded by popular amenities and just minutes to major attractions such as Dodger’s Stadium, Grand Park, Walt Disney Concert Hall, The Broad, MOCA, and LA Live. Plus access to major transportation networks including the 101 and 110 freeways, and public transportation including Union Station!
The Mid-Century Modern Quadruplex on Sunvue Pl presents the opportunity to start a strong real estate investment portfolio or enhance your existing portfolio with minimal effort! Don’t get caught in over-paying for a single occupancy property like a downtown loft, when you can increase your potential return with a lower initial monetary investment!
*All information provided to be deemed reliable but not guaranteed. Any buyer to complete all investigations into the property and/or matters that may or may not affect the property independently and to their own satisfaction.