455 Solano AveLos Angeles, CA 90012

Property Details for 455 Solano Ave

Year built

1951

Property size (Sq ft)

2,152 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a three-unit multifamily property situated in Los Angeles's desirable Elysian Park neighborhood, within the historic Solano Canyon. The property consists of two buildings on a 5,582 square foot lot. The charming Classical Queen Anne Victorian style front house offers a single-family dwelling with three bedrooms and two bathrooms. The rear two-story building includes two additional rental units; one with one bedroom and one bathroom, and the other with two bedrooms and one bathroom. Built in 1951, the property boasts a total of 2,152 square feet and is zoned RD2. The asking price is $833,000, representing a price per unit of $277,666.67 and a price per square foot of $387.08. The property generates a Net Operating Income (NOI) of $19,290. Conveniently located near Echo Park, Dodger Stadium, Downtown LA, Chinatown, the LA River, and various parks and trails, this property offers both architectural appeal and strong investment potential. The property benefits from long-term tenants and ease of management, making it an attractive option for investors seeking a stable and well-located asset in a thriving Los Angeles neighborhood. The property features ample driveway parking. This fee-simple ownership opportunity is a rare find in this highly sought-after area.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0726

Longitude

-118.231

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