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710 Bernard Street
Los Angeles, CA 90012


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Property Remarks

We are proud to present for sale a multi-family investment opportunity steps from Dodger Stadium. The surge of multiple development projects in Downtown Los Angeles is adding to the exciting renovation and bustling energy of this area, which is in close proximity to both Downtown Los Angeles and Chinatown, 2 blocks south of Dodger Stadium. TRUE VALUE ADD DEAL. The heavy lifting is already done and tenants are out. Major work completed. This property consists of a strong unit mix of four 3 bedroom/2 bath units that are 1,250sqft each. 3 of the units will be delivered vacant. 1 unit is already gutted, 1 unit has been re-done and the other 2 are in original condition. There are 6 covered parking spots and 2 garages. Separately metered utilities. It has a new roof (1.5 yrs old) and new tankless water heater (1.5 yrs old). A new owner would have the opportunity to add/increase value to this highly desirable and rarely seen investment offering right by Dodger Stadium with tremendous upside.

Property Details

MLS#
17285432
Days on Market
24
Year Built
1974
Stories
2
Building/Living Area (sq ft)
5,016
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Silver Lake - Echo Park (C21)

Presented By:

Listing provided courtesy of Jacob Marc Kushner , Marcus & Millichap


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Equip/Appliances
Gas Dryer Hookup

Additional Property Details

Number of Units
4
Parking Spaces
8
Number of Buildings
1
Gross Operating Income
$124,384
Total Expense
$39,400
ADA Compliance
No

AC/Cooling
Wall Unit(S)
Heating
Wall Gas
Parking
Garage - 4+ Doors

Echo Park

Known for its iconic lotus-covered lake, which has dramatic views of the Los Angeles skyline, Echo Park is an urban community that is known for attracting creative types seeking a home in the heart of everything.

Real Estate: Echo Park plays an early role in Los Angeles’ history and features many stately older homes. Echo Park real estate is varied and includes apartments, single family and multi-family residences. The neighborhood of Angelino Heights is famous for its Victorian homes. Newer urban lofts and developments are starting to pop up throughout the area including along Sunset Boulevard.

Community Life: Echo Park is packed with restaurants old and new, independent retail boutiques, art galleries and nightlife especially in the Sunset Boulevard area. Residents can get a great workout climbing some of Echo Park’s many steep staircases. The Friday evening farmers market always attracts a lively crowd.

Education: Echo Park is served by the Los Angeles Unified School District and local schools included Elysian Heights Elementary, Clifford Street Elementary, and Logan Street Span School. Private schools include Golden West Christian and Baxter Montessori.

Transportation: This area is surrounded by the 2, 5, 110 and 101 freeways and has many bus lines and public transportation options.

Local Attractions: The lake is a major attraction and is home to many festivals and events throughout the year. Echo Park also borders Elysian Park and Dodger Stadium. Early moviemaking took place in the area known as Edendale which spanned Silver Lake and Echo Park.

Community Explorer

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