715 Douglas ST Los Angeles, CA 90026

Just reduced $289,000!!! Incredible opportunity to purchase a vacant fourplex in historic Angelino Heights, LAs original suburb located 1.2 miles from Downtown LA. This expansive property sits majestically at the corner of Douglas Street and Carroll Avenue, listed in the National Register of Historic places for its extraordinary Victorian homes. The property includes two separate structures and a two-car garage. The first structure measures 3,066 sq ft (per assessor) and includes one 3 bedroom/1 bath apartment w/storage room and two 1 bedroom/1 bath apartments. The second structure measures 540 sq ft (per assessor) and includes one 1 bedroom/1 bath apartment. This investment presents a unique opportunity for an owner to rehab and then lease units at market rate. This unbeatable location is walking distance to Dodger stadium and close to a plethora of other attractions in nearby Echo Park, Silver Lake, Chinatown/Olvera St/Little Tokyo and Universal Studios.