1401 Portia St, Los Angeles, CA 90026

There are very very few quality income properties available in Prime Echo Park, but here is one for you! On the downside, there are two low rent tenants, one of whom (the 3/2) will probably not be leaving for some time. But the other one is on a waiting list for low income housing and will likely be gone within the year. These is also a newly renovated one bedroom getting market rent and another newly renovated two bed two bath that will fetch $3,000/mo once rented. Or, you can live in it! Finally, there is a half renovated two bed two bath basement (unpermitted) unit that is waiting for you to complete it. Without the basement unit, you are looking at a total of $7k/mo income right this minute. When the low income housing person moves out and you renovate that one, that will be another $1800/mo of income. The basement unit represents an additional $2500/mo of income (!) once you complete those renovations The location is fantastic and there is plenty of parking. Come get it!