Residential Income In Los Angeles

300 Patton Street is an eight-unit multifamily property in the Echo Park neighborhood of Los Angeles that is on the market for the first time since 2016. The property consists of one (1) 1-bed/1bath and seven (7) 2-bed/1-bath units on a corner lot. Built in 1925, the property has been professionally managed and modernized over the last 10 years. The 8 units are situated on a 4,193 SF lot at the corner of Patton St. and Court St., within walking distance to coffee shops, restaurants and Echo Park Lake. The property’s proximity to Downtown Los Angeles and some of the most popular points of interest on the eastside ensures strong rental demand and upside for the foreseeable future. This opportunity affords buyers with the ability to expand their portfolio in one of Los Angeles’ most popular rental markets. With approved plans for two ADUs included in the sale, the new owner will be able add value immediately.