$885,000

REDUCED! We are proud to exclusively present for sale a unique opportunity for a savvy investor. On offer is a substantial, yet dilapidated, Single-Family Residence located in the rapidly-appreciating Historic Filipinotown / Echo Park neighborhood of Los Angeles, affectionately referred to as HiFi. The existing structure is a two-story 4 bedroom and 3 bathroom house spanning 2,414 square feet on a 6,000 square foot lot that backs up to a 20-foot alley. The structure has seen better days, presenting a blank canvas for redevelopment of the property. Bring back the house to its former glory, or do that and break off a portion of it for an attached Additional Dwelling Unit (ADU). The property also features an extra-large garage on site, which could be converted into a detached ADU, providing an additional income stream. With the area experiencing a surge in development and rental rates on the rise, this property represents an ideal investment opportunity. The location is right between Echo Park, MacArthur Park, Hollywood and Downtown. Head north for hip shopping, fine dining and nightlife. Head south for your everyday shopping needs and quick access to the Metro Station at Wilshire and Alvarado.