Court date has been set for 12/06/18 @ 8:30am in Department 9 (DTLA Superior Court - Stanley Mosk) and starting overbid amount is $452,000 - Probate Sale subject to Court Confirmation & Possible Overbid. True value add opportunity situated in Echo Park, one of the hottest zipcodes in Los Angeles and offers the astute investor tremendous rental upside potential. This property is perfectly positioned for an Owner/User or Investor. The asset consists of (2) Two One Bedroom and One Bathroom units. Both units are now vacant. The location of this building offers residents an impressive array of entertainment, lifestyle and retail amenities. Within minutes, residents can enjoy boutique shops, chic restaurants, cool meeting spots and artistically inclined venues. Given the property's prime location & significant value-add component, this is an ideal investment for a value add investor or owner/user who will reap the benefits of renovations that will attract residents who will pay market rents.
Listing courtesy of David Weinberger from Keller Williams Studio City
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