807 Waterloo St Los Angeles, CA 90026

Agent Remarks: Bread and butter craftsman duplex for sale in the Silver Lake/Echo Park area built in 1912 with tremendous upside and great investment opportunity! Spread across a 6,308 square foot lot, there is a separate structure behind the duplex containing four single car garages. The four single car garages are not being rented (NOT being used by tenants) and can potentially be converted to ADU's for additional rentals and income. Buyer to conduct their own investigation and due diligence. Both units are rented at below market rents and require major remodeling. Both units have a bedroom that may be unpermitted by the Los Angeles Department of Building and Safety but has cleared recent LAHD code enforcement inspection. Both units have their own washer and dryer and gas water heater. Total living area is approximately 2,058 square feet. Separately metered for electricity and gas. Interior unit photos available upon request. Property will be sold as is with existing tenants in place. The property is subject to LA RSO (rent control) with rent increases allowed to resume in 2024. The adjacent 5 unit apartment building at 801 Waterloo St., MLS# 23-270095, is also for sale offered at $1,475,000 with a 6,306 square feet lot size. There is a separate structure with 3 single car garages not being used by tenants and can potentially be converted to ADU's for additional rentals and income. The total lot size of both properties combined is approximately 12,614 square feet allowing for a prime future potential development opportunity.

Continue Reading