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Property Description
First time on market in 30 yrs! True pride of ownership asset is this restored Eastlake Victorian multi-family dwelling in the Angelino Heights HPOZ historic neighborhood on the hill above Echo Park Lake. Walking distance to Dodger Stadium, Elysian Park and its hiking trails. Echo Park/Silver Lake adjacent, great for anyone working in downtown. Convenient to Entertainment Industry Studios, downtown and Hollywood. Close to the 101, 10, 2, 5, and 110 Freeways. Metro Gold line access nearby. Unit mix of: (2) - 2BR/1 BA, (1032 & 1034 W. Edgeware Rd.) and (1) - 1 BR/1BA (1428 Wallace Ave.,) The “Stick Style” Victorian residence portion of the property was relocated and restored in 1989-1992. All demolition and construction was completed with permits on file with the city. Construction included a new foundation (conforming to 1992 seismic codes), new electrical, plumbing, insulation and HVAC systems. Architectural details were preserved. Decorative fireplaces, woodcarved porch details, authentic chandelier lighting, wall sconces, and stained glass all around. 1428 Wallace Ave was constructed in 1991 and built as a 1BR/1BA attachment. The unique 1BR unit has soaring open beam architecture and sits above three enclosed garages. A large open deck was also constructed providing a great space for entertaining/play area. Last but not least..ALL units will be delivered vacant. Perfect for an owner/user OR for new owner to choose their own tenants and immediately achieve full market rents.
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