Investor's dream! 120-122 N Westlake Ave. Shovel Ready. 4 Units RTI issued and Ready plus ADU (RTI/plans) in Silver Lake Echo Park!! The lowest price in Echo Park for a project in this category, and it's an excellent opportunity for multi-unit investors/developers. 2 units of 6bed-5bath, 2 units of 5bed-4bath, and an ADU 3bed-3bath with 2 parking spots for each unit. Listing Price: $1,599M, Estimated Construction Cost: 1.4M, and Estimated Gross Development Value: Minimum of $4.5M. The property is currently two furnished units with a running Airbnb rental that is generating a 6-8K cash flow until construction begins. RTI and permits will be sent upon request.
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