Echo Park: 3 Units w/ Seller Financing! | 812 N Beaudry Ave
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Echo Park: 3 Units w/ Seller Financing! 812 N Beaudry Ave
3 Unit Block of Flats £856,783 (£285,594/Unit) Los Angeles, CA 90012
Investment Highlights
- PRIVATE SELLER FINANCING AVAILABLE!
- (1) 2-Bed/1-Bath Cottage & (2) Oversized 1-Bed/1-Bath Units
- Tenants Enjoy Individual Washer/Dryer Hookups | Separately Metered for Gas & Electricity
- Excellent Echo Park Location, North of Sunset Bivd., Minutes from Dodgers Stadium
- Property Offers an Onsite Garage, Potential to be Converted to an ADU
- Huge Opportunity! 100% Upside in Rental Income, not Including Additional Income from Potential ADU
Executive Summary
SELLER FINANCING AVAILABLE! Located in the heart of Echo Park, just north of Sunset Blvd. and mere minutes from Dodgers Stadium, 812 N. Beaudry Avenue promises both charm and potential. It features a quaint 2-Bedroom/1-Bathroom cottage alongside two spacious 1-Bedroom/1-Bathroom units, offering diverse rental options. Each unit boasts individual washer/dryer hookups and is separately metered for gas and electricity, ensuring low management overhead. The property includes a coveted onsite garage with potential for conversion into an Accessory Dwelling Unit (ADU), enhancing its value and rental income prospects (Buyer to confirm with proper city authorities.) With a current 100% upside in rental income and the added potential revenue from an ADU, this investment is brimming with promise. Take advantage of private seller financing with favorable terms: a minimum 30% down payment and just 6% interest-only payments. Don't miss out on this exceptional chance to capitalize on Echo Park's booming rental market.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£36,474
|
£13.03
|
| Other Income |
£732
|
£0.26
|
| Vacancy Loss |
£1,117
|
£0.40
|
| Effective Gross Income |
£36,090
|
£12.89
|
| Taxes |
£10,123
|
£3.62
|
| Operating Expenses |
£5,949
|
£2.13
|
| Total Expenses |
£16,072
|
£5.74
|
| Net Operating Income |
£20,017
|
£7.15
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £36,474 |
| Annual Per SF | £13.03 |
| Other Income | |
|---|---|
| Annual | £732 |
| Annual Per SF | £0.26 |
| Vacancy Loss | |
|---|---|
| Annual | £1,117 |
| Annual Per SF | £0.40 |
| Effective Gross Income | |
|---|---|
| Annual | £36,090 |
| Annual Per SF | £12.89 |
| Taxes | |
|---|---|
| Annual | £10,123 |
| Annual Per SF | £3.62 |
| Operating Expenses | |
|---|---|
| Annual | £5,949 |
| Annual Per SF | £2.13 |
| Total Expenses | |
|---|---|
| Annual | £16,072 |
| Annual Per SF | £5.74 |
| Net Operating Income | |
|---|---|
| Annual | £20,017 |
| Annual Per SF | £7.15 |
Property Facts
| Price | £856,783 | Building Class | C |
| Price Per Unit | £285,594 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,799 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1940/2019 |
| Apartment Style | Garden | Parking Ratio | 1.79/1,000 SF |
| Price | £856,783 |
| Price Per Unit | £285,594 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,799 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built/Renovated | 1940/2019 |
| Parking Ratio | 1.79/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 1 | £902.95 | - |
| 1+1 | 2 | £1,068 | - |
Walk Score ®
Very Walkable (84)
Transit Score ®
Excellent Transit (82)
zoning
| Zoning Code | LAR3 |
| LAR3 |
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Echo Park: 3 Units w/ Seller Financing! | 812 N Beaudry Ave
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