1126 White Knoll Drive, Los Angeles, CA 90012

Property Description

Echo Park Hillside Investment Opportunity with Significant Upside Potential 5 -unit multifamily property perched in the hills just off Sunset Blvd, in one of Los Angeles’ most dynamic and rapidly evolving neighborhoods.Featuring three 1-bedroom units and two studio units, offering a coin operated laundry facility , skyline views and surrounded by privacy and hillside charm ,this prooperty provides a living environment that is increasingly difficult to replicate. A standout feature is the presence of 4 Detached storage structures or garages each approximately 300 square feet, creating a unique opportunity for an investor to reimagine the site. Potential exists to reconfigure portions of the parking and storage units , possible ADU opportunities (buyer to verify). One of the last remaining original multifamily properties on this hillside, the asset offers investors the rare combination of existing cash flow, value-add potential, and irreplaceable location characteristics. Cap rate 5.60 and grm of 12.47 Surrounded by new developments and positioned near Echo Park, Elysian Park, Dodger Stadium, and Downtown Los Angeles, the property benefits from both current income and long-term appreciation potential.