1571 Council Street Los Angeles, CA 90026
** Motivated Seller - Now priced for quick sale. ** 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). Possibility to raise rents by 4% on February 1, 2025. 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site50 Days
- MLS StatusActive
- MLS ID Number24417749
- Home Size Source N/A
- Year Built1929
- Lot Size0.1091 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Victorian
- Parking None
- Parking Spaces 0
- Sewer Other
- Number of Stories 22
- Acreage 0.1091
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
- Appliances Refrigerator
- Flooring CarpetWoodTile
- Laundry Features Washer IncludedDryer Included
Exterior Features
- View City Lights
Community Features
- Senior Community No
- MLS Area C21 - Silver Lake - Echo Park