David Bramante sold 246 North Alvarado Street, an 11-unit multi-family investment located in the highly desirable Echo Park submarket of Los Angeles,
California.

Situated near one of the busiest intersections of Echo Park, this asset presents an investor with an opportunity to acquire a property in a strong rental market on a highly visible thoroughfare and capitalize
on an add-value opportunity with a high potential upside in rents.

Consisting of 2 single/one-bathroom units, 8 one--bedroom/one-bath units, and 1 two-bedroom/one-bathroom unit, the property boasts a strong unit mix.

In addition, the property is comprised of four
separate buildings surrounding an inner-courtyard that is used currently as unassigned, first-come-first-served tenant parking.

This inner building space might allow an investor to further increase the potential upside by charging tenants additional rent for taking advantage of these spaces or increasing the value by accentuating the aesthetic of the property.