Incredible Investment Property - Duplex in Elysian Park!

DID YOU EVER DREAM THAT YOU COULD ACTUALLY LIVE INSIDE A PARK?
WELL YOU'RE DREAM IS ABOUT TO COME TRUE...
620 Park Row is only one of four properties where you can walk out your front door and be within ELYSIAN PARK...
That's right, this incredible duplex is actually located on the boundary of ELYSIAN PARK- How great is that??!!
Just walk out your front door and enjoy all the amenities that Elysian Park has to offer and in addition, if you are a Dodger fan you will be pleased to know that you are only about half-mile away from Dodger Stadium home plate- How great is that??!!
This central location is also conveniently located to DTLA, Chinatown, Union Station and other public transportation...
And it get! The 2-bedroom + 1-bathroom lower unit will be delivered VACANT at COE with projected rent in the amount of $2,600/month. 3+1 currently leased month-to-month at $1,697/m (just raised 3% as allowed per the LA Housing Authority), projected rent $3,200/month.
Property has a great rear yard with patio and views great for entertaining and AMAZING FOR WATCHING THE FIREWORKS AT DODGER STADIUM!

620-622 Park Row
Elysian Park 90012
List Price: $949,000
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620 Park Row: 3+1 (upper unit), with 1,086sqft living space, projected rent =
622 Park Row, 2+1 (lower unit), with 820sqft living space, projected rent = $2,600/month

APN: 5415-030-007
Lot: 4,382sqft
​GRM: 18.40

Projected GRM Analysis:
$2,600/m x 12 months/year = $31,200/year
$3,200/m x 12 months/year = $38,400/year
TOTAL ANNUAL GROSS INCOME = $69,600

Actual GRM Analysis:
$2,600/m x 12 months/year = $31,200/year
$1,697/m x 12 months/year = $20,364/year
TOTAL ANNUAL GROSS INCOME = $51,564

CHECK OUT THE FLOORPLAN!

Homes Fur All is a 501(c)3 non-profit charity organization dedicated to helping the people and pets of NELA.
​
Brian Fitzburgh
​Real Estate Broker / Animal Lover
818-571-9712
team@brokerstrust.com
www.brokerstrust.com

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