FOR SALE! New TIC Community | 1385-1395 Allison Ave| Echo Park | $575,000-$649,000

FOR SALE! New TIC Community | 1385-1395 Allison Ave| Echo Park | $575,000-$649,000

Introducing our latest Echo Park TIC Community, in Angelino Heights! This intimate 4-unit TIC community features two detached bungalows, each with private gated yards, and another two units in a detached duplex, one upper unit and one lower unit, each with private outdoor space. Each unit comes with 2 beds and 1.5 baths, and single-car garages.

Currently, we are offering the first bungalow for sale, 1385 Allison.

A stunning vintage Craftsman Bungalow circa 1912 in the heart of Echo Park, at the entrance to Angelino Heights and blocks from all the life on Sunset Blvd. This charming home greets you with a picturesque covered sitting porch, a perfect setting for breezy afternoons. Totally detached, with private gated yard on all four sides, and a single car garage included. Character details abound with large picture windows with period detailing, wainscoted open living and dining rooms with wood trim, built-ins, casement windows and high ceilings. The kitchen is stunning with timeless design, restored original cabinetry, butcher block countertops, brass finishes and new appliances including a dishwasher. A quaint breakfast area under a bright window, with easy access to an idyllic outdoor space with lush landscaping, this home delivers on all fronts. Two spacious bedrooms, an updated bath with a deep tub, a convenient powder room with all the classic details and laundry, central AC and heat. Don’t forget the large partially finished attic space with pull-down stairs for a bonus room or storage. Blocks from local favorites such as Sage Bistro, Honey Hi, Ostrich Farm, Guisados, the Friday farmer’s market and Echo Park Lake. 

The other 3 units will be available in 2021. 


1385 ALLISON

Details

  • 1385 Allison list price, $649,000
  • 2 bedrooms, 1 1/2 bathrooms
  • Gated yard
  • Single car garage
  • Central AC & heat
  • Bonus partially finished and spacious attic space

TIC sale with financing available – with as little as 10% down thru Sterling Bank. Please contact listing agent to be connected with a loan officer who is familiar with TIC loans.



ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

  • Read more about TIC ownership HERE
  • Download a copy of our TIC Field Guide HERE
  • View all our current TIC offerings HERE
  • The Rental Girl + TIC + Our Story HERE
  • Visit Andy Sirkin’s website for more research on TIC sales HERE
    (Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
  • View TRG + TIC in the News, for Press & Media go HERE
  • If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.
Liz McDonald Broker and Founder of The Rental Girl

Elizabeth McDonald, Broker & TIC Co-Lead
liz@therentalgirl.com
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897 


ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON
(TIC):

The Rental Girl (therentalgirl.com) is a full-service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry-level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge and support our real estate colleagues, landlords and renters and the TIC community.

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