1443 Allison Ave, Los Angeles, CA 90026

Property Description

First Time on the Market after over 30years. Oversized and Centrally Located Quadruplex in Heart of Angelino Heights in the neighborhood of Echo Park! Nestled on a sprawling 7,000sqft lot in one of LA’s trendiest neighborhoods, this four-unit, 4,372sqft property is only minutes from exciting entertainment, popular restaurants, Echo Park Lake and Dodger Stadium. Each 2BR/1BA home has been maintained over the years, but will require TLC to reflect the needs of everchanging modern lifestyles. Filled with shimmering sunlight, every interior includes an openly flowing floorplan, a large living room, and a fully-equipped kitchen featuring a range/oven, solid surface countertops, ample cabinetry, and a refrigerator. Perfect for relaxation, all bedrooms are abundantly sized with dedicated closets, while each full bathroom has a shower/tub combo. Savvy homeowners may easily live in one unit, while renting out the other units to help pay down the mortgage quickly. Alternatively, you may continue to rent all units or add extra units in the back for even more residual income. Other features: four 1-car garages (detached), tenant-paid utilities, LA-RD2 zoning, lies within the HPOZ Historic Preservation Overlay Zone, less than 15-minutes from multiple studios, quick 8-minute drive from Downtown, close to shopping, parks, entertainment, grocery stores, cafés, and schools, and so much more! Located in an extremely hot area and featuring huge upside potential for increased rents, this quadraplex will not last long. Call now to find out more about this healthy portfolio addition!