For Sale: “The Douglas” — A Non Rent Controlled 4-Plex in Echo Park

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377 Douglas Street | $1,399,000 | Property Website

The Douglas is a charming and very rare Non-Rent Controlled 4 unit apartment community in L.A’s most compelling rental market, Echo Park (90026). The asset renovated with quality workmanship in 2008 is in the center of one of Southern California’s hottest locations.The property is in close proximity to DTLA and the newly re imagined Echo Park Lake as well as a math and science magnet school across the street.

The asset’s vibrant atmosphere reflect the energy of the local community with a unit mix that will attract the areas discerning Gen-Y resident and is perfectly positioned for an owner/user or investor. The property features an excellent unit mix of Three (2) Bedrooms (1) Bathrooms. Along with a (1) Bedroom (1) bathroom unit. All Interiors have their own individual
character and the exterior is aesthetically pleasing. All apartment homes feature upgraded commercial copper plumbing and pride of ownership charm.

Property was a single family home built in 1907.  In 2008, property was renovated with permits to a fourplex. Certificate of occupancy was obtained in 2008, and property is NOT subject to LA RSO rent control increases due to the Costa Hawkins Act. Rents can be raised any amount with proper notice. Please inquire with agent for more details.

For more details contact:

David Weinberger
(818) 432-1583

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