263 Union Pl, Echo Park, CA 90026

Property Description

The 2-4 Unit Specialists are pleased to offer for sale the fee-simple interest in 263 Union Pl, a single family residence with three additional bonus units. For those of you in search of a home, 263 Union Pl has preserved the original front house, providing the ideal set up– live in the front and collect ample rent to pay off the property. For investors, this is your opportunity to acquire a property with an astronomical 14.61% return. This property is truly a cash cow. In addition to its exceptional return, 263 Union Pl is located blocks from prime Downtown Los Angeles and minutes from the popular Echo Park and Silver Lake “hipster” scene. This area is gentrifying more and more by the day, causing ever-increasing rents and a wave of quality tenants in search of housing nearby so many popular destinations. This property is ideal for buyers looking to enter a market that is poised for growth similar to what took place in Silver Lake. 263 Union Pl is made up of a 3 bed, 2 bath main house, a 2 bedroom, 1 bath unit, and two fully renovated 1 bedroom, 1 bath units. Both of the 1 bedroom, 1 bath units have been recently remodeled and are in excellent condition.