2679 Knox Ave, Los Angeles, CA 90039

Property Description

This 3-unit property presents a compelling opportunity for investors and those pursuing a 1031 exchange. It's important to note that the units will not be delivered vacant. The property's location is highly desirable, with close proximity to Elysian Park, Dodger Stadium, Echo Park Lake, hiking trails, Griffith Park/Observatory, Hollywood Bowl, Universal Studios, and Silver Lake Meadows. Furthermore, it offers convenient access to transportation, the Los Angeles River Trail, restaurants, downtown LA, and surrounding cities, making it an ideal location for those who enjoy walking, running, or cycling. The garage, currently not in use by the tenants, presents a potential opportunity for adding a 4th unit. This property previously consisted of 4 units before being converted into its current 3-unit configuration. The two ground-level units are well-maintained, featuring a recently replaced roof. Sellers will not entertain owner-occupied offers. Thank you for showing interest, and good luck!