An investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park/Silver Lake vicinity of Los Angeles. This area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & DTLA. The property sits on a large half acre lot of 21,717 square feet (approx.) and consists of 10 bungalow buildings. There are 9- 1 bedroom/1 bath units and 1- 2 bedroom/1 bath unit each with a living room in separate Spanish styled Bungalows totaling 6,000 Sq. Ft. (approx.) of living space. Many of the bungalows have fenced front yards. Five of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the reinforcement of the bungalows. All units are separately metered for gas & electricity and paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2 bedroom/1 bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. Property is offered at a current 4.87% CAP rate with room to grow the rents as they are month to month leases. At a current 17.72 GRM don’t miss this opportunity.