1922 Lake Shore Avenue , Los Angeles, CA 90039
Los Angeles, CA 90039
Description
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a three-unit apartment community located at 1922-1924.5 Lake Shore Avenue. The subject property is located east of the Glendale Freeway and north of Sunset Boulevard. The property is located in Elysian Heights, which is typically characterized as being part of Echo Park & near Silver Lake. This submarket's popularity has grown significantly over recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With rent growth and developments in the area, the location has been catering to families, young professionals and artists alike in recent years. The property is situated on a large 9,999 square foot parcel and is comprised of two one-bedroom units and one two-bedroom unit. There is 27% remaining rental upside that new ownership can capture through interior renovations. Taking into consideration the desirable location and remaining value-add components, 1922-1924.5 Lake Shore Avenue is well suited to provide investors with healthy returns and long-term appreciation potential.
Details
| Mls | 24440771 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1903 |
| Days On Site | 84 |
| Listing Provided By | Marcus & Millichap 310-909-5500 | Sean Rosenzweig |
Features
| Beds | 4 |
|---|---|
| Baths | 4 |
| Sq Feet | 2,302 |
| Storys | 2 |
| Units | 3 |
| Buildings | 2 |
| Zoning | LAR1 |
| Acreage | 0.23 |
Market Activity 90039
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90039) | |
Price: $1,395,000 low | high Med: $1,229,900 SqFt: 2,302 low | high Med: 1,760 $ / SqFt: $606 low | high Med: $699 On Site: 84 low | high Med: 134.000000 | |
