Call Lisa DiNoto Group at (909)921-2544 to see this home.
PRICE REDUCED!!! We are pleased to present 1934 Santa Ynez Street. A four unit wood frame stucco multifamily investment opportunity in Echo Park built in 1911 consists of 2,920 SF of living area. The quadruplex consists of four spacious One Bedroom/One Bathroom Units on a 4,998 SF lot zoned LAC-2. Two of the units contain small bonus rooms that can be used as office space. THE SUBJECT PROPERTY IS 100% VACANT. The vacancy allows for a rare opportunity for an investor to rebrand the property by renting all units at market rates. Further, zoned C-2, this property also offers a development opportunity. An investor has the ability to develop a high-value project in a neighborhood with a very high population density. The current vacancy allows for an investor to immediately eliminate relocation costs of tenants, and C-2 zoning allows for a developer to build up 12 units by right, and potentially more with low-income housing density bonuses(buyer to verify).