974 EVERETT St, Los Angeles, CA 90026

Property Description

974 Everett is perched on an Iconic Echo Park Street that overlooks the massive DTLA Skyline! This property provides the opportunity for small lot or multifamily development! (buyer to verify) Currently in use as a single family home renting for $2,250/month, which gives the potential buyer income while the project is being entitled! Prime Location just north of Sunset Blvd & just west of downtown, surrounded by local hot spots as well as recent and upcoming development projects, such as Rosey Jones and The Elysian! Echo Park is one of LA's most sought after neighborhoods and Everett St is ideally situated near long-standing staples such as Guisados, Sunset Beer and the new Winsome, plus new community amenities opening almost daily! Down the street are The Elysian apartments renting at an average of $4/SF and across Everett a similar property recently sold for $1,015,000 - making this property a great value! Also, easily accessible by public transportation and the 110 & 101 freeways.