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Four-plex in Echo Park 2106 Valentine St

4 Unit Block of Flats £1,382,517 (£345,629/Unit) 6.20% Net Initial Yield Los Angeles, CA 90026

Investment Highlights

  • THREE OF THE FOUR UNITS ARE DELIVERED VACANT
  • A stone's throw from the famous Silver Lake steps, Echo Park Lake and Dodger stadium
  • Nestled in one of the most desirable neighborhoods of Echo Park

Executive Summary

THREE OF THE FOUR UNITS ARE DELIVERED VACANT! Nestled in one of the most desirable neighborhoods of Echo Park, this four-unit building offers a fantastic investment opportunity with incredible potential. A stone's throw from the famous Silver Lake steps, Echo Park Lake and Dodger stadium as well as top-rated schools, trendy shops, popular restaurants, coffee houses, and vibrant nightlife. This property is perfectly situated to attract tenants who value convenience and community. The building consists of three spacious 2-bedroom units and one 1-bedroom unit, providing a mix of options for a variety of tenants. Three of the units will be delivered vacant, allowing for immediate updates and the flexibility to set your ideal rents. While the property would benefit from some updating, it boasts solid bones and a location that can't be beat.With its prime location and a little vision, this property is ready to be transformed into a high-demand rental or long-term hold. This prime location offers easy access to vibrant local amenities and transportation options including the 2, 101, 5, 110 freeways. *Adjacent duplex, 1517 Baxter St., can be purchased with this property.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,382,517
Price Per Unit £345,629
Sale Type Investment
Net Initial Yield 6.20%
Gross Rent Multiplier 12.9
No. Units 4
Property Type Residential
Property Subtype
Apartment
  • Apartment Buildings
Building Class C
Lot Size 0.16 AC
Building Size 3,258 SF
Average Occupancy 25%
Number of Floors 2
Year Built 1922

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 3 - -
1+1 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5420-038-026
Land Assessment
£26,175 (2024)
Improvements Assessment
£31,306 (2024)
Total Assessment
£57,480 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025

zoning

Zoning Code LAR2 (Multiple Dwelling Zone)
LAR2 (Multiple Dwelling Zone)
  • Listing ID: 33940182

  • Date on Market: 20/11/2024

  • Last Updated:

  • Address: 2106 Valentine St, Los Angeles, CA 90026

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