Property Description
** Price Reduction – Seller also willing to contribute to buyer’s interest rate buy-down. ** Great opportunity to own a well-maintained corner lot quadruplex on a great block at the top of the hill in Historic Filipinotown! Charming complex with two buildings (two separate addresses: 244-246 Belmont and 1571-1573 Council – both up and down), the front one with quaint brick steps and front patio and a Queen Anne-style roof turret. Exterior has been recently painted and features four good sized units, each with front and rear entrances, and all occupied by excellent long-term tenants. Finishes could use updating, but some systems have been upgraded including updated electrical, own water heaters, washer/dryer hookups, A/C in some units. Great unit mix and more than 100% potential up-side in rents after remodeling or great income generating home for future owner-user. Actual rents: 244 Belmont: $1,039.48, 246 Belmont: $1,098.74, 1571 Council: $1,379.00, and 1573 Council: $1,039.37. ($4,556.59/month total). Nicely landscaped front and side yards with lime tree and patio area between buildings. Great location with views of Downtown and much development going on nearby. Close to Echo Park, Downtown LA, Dodger Stadium, along with numerous coffee shops, restaurants, medical facilities, and recreation facilities.
Features
: No
: Wall Furnace
: No
: City Lights
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Address Map
U.S.
California
Los Angeles
Los Angeles
90026
1571 Council Street
0
W119° 44' 13.8''
N34° 3' 56.7''
MLS Addon
$0
3,846 Sqft
: No
: No
3.5
43
South of Temple St., North of Beverly Blvd., West of Glendale Blvd. at corner of Council and Belmont.
: No
2
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Residential Income For Sale Los Angeles

1571 Council Street, Los Angeles, Los Angeles, California, 90026

10 Bedrooms
3,846 Sqft
Visits : 3 in 55 days
$950,000
Listing ID #24417749
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24417749
Price : $950,000
Bedrooms : 10
Square Footage : 3,846 Sqft
Year Built : 1929
Lot Area : 4,751 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
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