The Angelino Vue Apartments consists of 2 separate buildings of 4 units each on 2 street-to-street lots in the highly sought after Angelino Heights neighborhood. Situated on a combined 9,728 SF lot, the building has Downtown LA views. The property consists of eight 1 Bedroom + 1 Bathroom Mid Century apartment homes. Per the seller, six of the eight apartments have been renovated. Second floor apartments have exposed wood beam ceilings and some have views of Echo Park, the Elysian, and Hollywood. Features include on-site parking, a laundry room and separate meters and hot water heaters. Some 1 bedroom apartments in the vicinity are renting for $2,000/month which present excellent upside rental potential. There’s tremendous value in this irreplaceable property given the Echo Park location in Angelino Heights, downtown LA views, desirable rental location, and ability to purchase the two fourplexes with a smaller down payment by using 2 residential loans. Buyer to verify financing options.
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