577 N Boylston St

We are pleased to offer this beautiful five-unit complex located at 577 & 579 North Boylston Street in Echo Park which features two separate structures on a 6,981 square foot lot. The property is centrally located in the historic Angelino Heights neighborhood, west of Sunset Boulevard adjacent to Silver Lake and downtown Los Angeles. The front building is a 1905 craftsman and has one three-bedroom apartment on the first floor, and two studios on the second floor. A new foundation was poured in 2007.The rear building is a gorgeous Spanish duplex built in 1924 and has a new roof and has recently been seismically retrofitted. Each unit has one-bedroom, one-bath, with its own laundry room. One unit has a large walk-in closet, the other has a bonus office space. Overall, the property has 32% remaining rental upside. 60% of the units have in-unit washers & dryers. Both buildings have been meticulously maintained. This property is in the district of the Grand Arts Visual & Performing Arts High School, as well as many other excellent schools. The continuing improvement of this historic neighborhood, along with the value-add potential for a new owner to achieve superior future returns makes 577-579 North Boylston an excellent acquisition opportunity.