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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 1,495,000

Est. payment -/mo

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Active

1922 Lake Shore AVE Los Angeles, CA 90039

4 Beds

4 Baths

2,302 SqFt

UPDATED:

09/30/2024 05:50 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,302 sqft

Price per Sqft $649

MLS Listing ID 24440771

Bedrooms 4

HOA Y/N No

Year Built 1903

Lot Size 9,997 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR1

Interior

Fireplace No

Exterior

Garage None

Parking Type None

Total Parking Spaces 3

Building

Story 2

Entry Level Two,Multi/Split

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5420010015

Special Listing Condition Standard

Listed by Sean Rosenzweig • Marcus & Millichap

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

1922 Lake Shore AVE Los Angeles, CA 90039

Key Details

Location

Interior

Exterior

Building

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1922 Lake Shore AVE