Shovel Ready. Investor's dream! 120-122 N Westlake Ave. 4 Units RTI Issued and Ready plus ADU (plans/RTI) in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,4M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.2M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and Plans will be sent upon request.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Arrows indicate 90 day trend
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