A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park/Silver Lake vicinity of Los Angeles. This quiet 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 and consists of 10 bungalow buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 6,000 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 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 2bed/1bath 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!